Forex Club Review
Marketclub Review
I wanted to review the product Marketclub. Marketclub is a trading product by ino. The product has been out for many years and people I have talked to have seemed to have decent success. But I wanted to find out for myself.
Marketclub uses a trade triangle techology which is basically green up arrows for buy signals and red down arrows for sell signals. Which does take the guess work out of the trading.
Marketclub can be used on many markets including Stocks, Futures, and Forex. I personally did my review on the forex part which I will get to in a minute.
Marketclub has a great deal of resources in there backoffice that traders can be part of. With over 20 different audios from top traders and education on stops, money management etc.. The education part of marketclub is truly top notch.
Now the important aspect does the trading system itself work? As I said I did the research based on the forex part of there system. Where they use the weekly charts for the trend of the markets (entrys) and the daily charts for exits and reentrys.
My research was for the month of October 2008 and strictly covered 3 currency pairs. The EUR/USD, USD/YEN and USD/CAD. My results were extremely impressive. My research was strictly based on trades that were entered and exited during the month of October. So their was NO overlap with other trading months.
The results………….. For those 3 pairs their were a total of 7 trades and total profits after losses totaled just over 2150 pips!! Yes, I was extremely impressed with the results.
Let me say that this is a swing trading system. This is NOT a daytrading system. But an interesting thing I found out about marketclub is when they lose they tend to lose really quickly. And when they win the trade tends to last at least a week. In my research we had a couple of trades that were losers and they lost within the first 4 days. However each winner last at LEAST a week and some of the bigger wins lasted 2 weeks.
They have a saying at marketclub “You will never miss a MAJOR move in the markets” and I personally think that is very true after seeing what they can do.
My overall impression with Marketclub is very good. I would recommend marketclub to anyone looking to swing trade the markets. They do offer a risk free 30 day trial as well. And at just over $1 per day Marketclub is very affordable.
Check out Marketclub at http://www.TradeLikeThis.com
About the Author:
Steve is a trader and you can see the system he is using at http://www.TradeLikeThis.com
Article Source: ArticlesBase.com – Marketclub Review
