It's Never Too Late!

After reading the responses on the Stevenson High School blog post, we got to thinking…what is the average age of today’s trader? Of course, we started our research with, where else, but Google search. We were shocked at how difficult it was to find any statistical information on traders in general. So, we thought further. Why not use the very database that our Trader’s Blog is so closely connected with…us. Or better yet, YOU!

INO.com receives over 1 million unique visitors every month. Now, we don’t like to assume, but we are a website based on trading, and on the individuals that make those trades. So, for statistics sake, let’s assume that out of those million viewers, everyone is either an active trader, or would like to become one.

Turns out, the majority of viewers that visit our site are 50 years of age or older (52.9% to be exact). Thirty of our viewers are 35-50, 15.6% are 21-34, and 1.2% of our viewers are under the age of 21. This is where your comments come in:

“I came late to the party at 43, and am now 44 and just catching up.”
-Bob

“IF more of us had been educated (at least to the extent of some basic exposure) to the markets, we’d all be a lot smarter today.”
-Rick

“Would that as a youngster I had been introduced to “trading” and shown the benefits of knowledge in this fantastic game of calculated risk. I would be much better off today had I been instructed and tested but it is never too late.”
-Jo

You’re right Jo, it is never too late - unless you’re missing MarketClub’s buy/sell signals right now, that is!

So why do we wait so long before jumping into trading and the markets? Perhaps a more important question is, why do so many traders fail while just a few succeed? Maybe those questions go hand in hand. Do you enjoy doing something that you’re not necessarily “good” at? Do you enjoy losing your hard earned dollar in an attempt to “figure out” the markets? Once again, we don’t like to assume, but we will take that risk here and assume that your answer is no. How do you get “good” and “figure out” the markets, you ask?! Simple…PRACTICE!

Did you know that the average lifespan of a trader is between 1-5 years? Perhaps if traders had a little more education and guidance, they could expand their lifetime (in trading years, that is!)

We all (us old fogies) like to believe that wisdom comes with age, but perhaps the bright young students at Stevenson High School already have a leg up on us…learning at a young age, but like Jo said, “It’s never too late.”

See how the youth at Stevenson High is taking control of their futures in trading!

Click here and let MarketClub help you extend your trading career...

Best,
The MarketClub Team

Advanced Trading Applications of Candlestick Charting

Candlesticks; used by many...truly understood by few. As a special treat to Trader's Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join co-founder of Wagner Financial Group. and acclaimed author as he walks you through set ups in ways you can take your candlestick charting to a new level.

In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.

WATCH NOW: Advanced Trading Applications of Candlestick Charting

Best,
The Trend TV Team

The United States Government Is Shutting down...April Fools???

There is one final week left in the deadline for Congress to compromise on the remaining 2011 budget. If they do not succeed, we will have a government shutdown on our hands. This would greatly affect the markets and has many traders treading lightly until April 8th passes.

How will you trade in the upcoming week?

View Results

Loading ... Loading ...

We would love to hear about your upcoming plans, so please share in our comments section.

Best,
The MarketClub Team

The Free Trade Strategy

Trader's Blog would like to welcome back Bill Poulos from ProfitsRun.com. Whenever I ask Bill to come and teach, he always delivers. This time is no different with his article on the free trade strategy. Please take time today to read the article, comment below, and also if you'd like to learn more from Bill check out his “Forex Smart Start Profit Strategies Session” webinar here.

===================================================================
Trading the Forex markets is risky business, make no mistake about it.  As a trader, if you do not pay attention to risk first and foremost, you will lose, plain and simple.  There are at least two key aspects to managing risk.  One is the placement of stops and the management of the trade as it unfolds, and the other is the position size of the trade relative to the trader's account size.  If either one of those is not handled properly, the trader will lose in the end.

The good news is that both can be managed to the trader’s advantage resulting in minimizing losses and providing the opportunity for great profits.

Continue reading "The Free Trade Strategy"

How To Spot Big Trends?

Every trader and investor I know would love to buy at the bottom and sell at the top. The reality is that this is not a winning solution, nor is it possible to do this on a consistent basis.

What we look for at MarketClub is to catch the sweet spot of the trend. The sweet spot is the 70% to 80% that's in the middle of a trend.

I've been in this business a long time and know enough people in the industry to know that nobody buys the bottom and sells at the top. If they tell you that's what they do on a consistent basis, run a country mile because they are exaggerating their capabilities.

Continue reading "How To Spot Big Trends?"