MarketClub was created by traders, for traders. Their unbiased tools are based on time-tested algorithms and market-proven analysis.
Are you wondering what MarketClub is all about? If you have done any reading on the famed platform, you probably have come across claims that it can “help you discover profitable trading opportunities and make a lot of money from the trades”.
Sounds familiar? Okay, now we have decided to do an extended analysis of the MarketClub community and tools. Of course, the goal is to assess what this service is all about and whether any of the claims about it are true.
In the end, you’ll be in a better position to make an informed decision if you should go for it or not.
Read on to find out more.
This web-based subscription service provides regular trading signals for the different markets such as options, stocks, ETFs, forex, and commodities. The platform includes a charting platform, a smart scan feature, trader education, and a trading system all in one package.
All these tools and features are meant to help you search for possible trading opportunities based on numerous technical patterns as well as other criteria. For this reason, the service is well-suited for short, medium, and long-term investors and traders.
Some of the US and Canadian markets that the platform analyzes include AMEX, CDNX, FORX, KCBT, NASDAQ, NYMEX, and TSX.
Who is the Founder?
The brains behind this service is Adam Hewison, who is a former floor trader and private fund manager. In addition to that, he is also the founder of INO.com. He was motivated by the desire to create a package of web-based trading tools that are based on the different methods that he had developed in his trading experience of over 30-years.
He created this service with the help of David Maher, a computer engineer, trader, and co-owner of INO.com.
How Does It Work?
We have already stated that MarketClub is based on algorithms and the strategy behind this algorithm is Trend following. This has been proven to work in both trading and investing, whereby traders and investors who are successful in riding on these trends end up outperforming the other traders who don’t.
With the trading tools on this platform, you will have the ability to identify the different trends, whether upward or downward, just as it is about to happen.
Key Features of the Program
Let’s now look at some of the main features and tools that this service offers to enable you to identify profitable trades.
I) Smart Scan
The first tool we shall discuss is the scanner which is simply a filtering system with which you can scan the wide range of markets covered to spot potential winning trades. Here, you will use both the platform’s proprietary analytical software and traditional indicators.
You can configure this tool to identify triangles for any time frame or trading vehicles such as ETFs, stocks, cryptos, or futures.
A major plus of scanning is that it will introduce you to new stocks to watch. Even though Smart Scan is fairly easy to use, it lacks advanced features that are present in scanners on other platforms.
II) Trade Triangles
Next up is the platform’s proprietary trading tool that provides you with entry and exit signals that you can use to identify profitable trading opportunities and are provided daily, weekly, or monthly.
These triangles show up on the price charts and are generated automatically in real-time via their own proprietary algorithm. They could either be red or green, with the former pointing to a negative bearish trend while the latter is an indicator of a positive bullish trend.
You should be pleased to know that there are several strategies you could employ to make money from the signals provided.
One such strategy involves entering a long position when a new buy signal (green trade triangle) is generated on the weekly time frame and then exiting that particular position on the next sell signal on the daily time frame.
The above method is well suited for forex and commodities in addition to medium to long-term traders who deal with stocks and options.
III) The Charting Software
We were pleased with the wide range of charting tools available on this platform and would be especially appreciated by the technical traders. The different types available include candlestick, line, and bar charts, while the time frames available include intra-day to monthly periods.
You will notice that the line charts appear cleaner than the candlesticks on wider time frames and work well with the different price indicators on the platform.
IV) Portfolio Management/Watchlists
Another impressive aspect of this service is that it allows you to set up watchlists, in addition to the ones already available. This way, it will be easy for you to track the performance of your portfolios and their sectors, plus you won’t have a problem pulling charts and tools.
The information is available in an easy-to-read format whereby you can easily sort and identify the impressive candidates.
Lastly, you have an option of sorting the lists by the different column headers such as volume, trend score, triangles, and % change.
V) Email Alerts
The email alert system on this platform is quite impressive, and you can set them for most of the features available. So, you can set the system to alert you on-trend scores and changes to the stocks on your watchlists and portfolios. This way, you will never miss out on any significant event that may affect your trades.
VI) Trading Community and Educational Resources
As you may have guessed, the resources you find here are meant to make you a more knowledgeable trader. The content includes educational materials, expert guidance, trading blogs, and a trader’s forum where investors of different levels share trading tips and ideas.
VII) Trade School
Let’s not leave out the trade school, which is a feature from which you can download audio and pdf files by experienced traders. These files will be particularly useful to beginners as they get the opportunity to learn about trading stocks and technical analysis.
Not only beginners, but even the established traders can learn a thing or two from what these pros have to offer.
To access the features that this platform has to offer, you could either use the quarterly or the annual subscription. The quarterly membership goes for $150 per quarter, while the annual package will cost you $449 per year.
If you intend to use this service long-term, we advise that you go for the annual plan because if you do the math, you will realize that you are getting a free quarter.
Let’s also talk about the free trial whereby, for $1, you can try out all the features that the service has to offer for 30-days. It is during this period that you will decide whether the program is worth trying out.
Besides the main service, you could also try out the Options Bootcamp, which is especially suited for those interested in options trading. For $299, you will get a membership to the Options Bootcamp in addition to a 90-day subscription to the MarketClub.
Also, if you pay $499, you will get access to this course plus an annual membership to the MarketClub.
Which Trader is this Service Best For?
Since this service is not the most basic service of its kind, it is well-suited for intermediate-advanced traders who dream of using trading triangles to give them an edge in the market. It may be easy to use and follow, but if you want to have a short learning curve, it would be best to have some technical analysis skills.
Another group that would find this service beneficial is swing traders and investors since the Smart Scan feature will enable you to scan different markets with the hope of finding high-probability trade ideas.
Pros and Cons
As we approach the end, we will summarize the benefits and drawbacks that we found with this software. Here they are:
- Covers a wide range of markets, including stocks, cryptos, stocks, and futures
- User-friendly and effective Smart Scan
- Stands out from other platforms with the Trading Triangles, which is a tool that boosts the program’s overall effectiveness
- The alerts ensure that you never miss out on anything significant
- Perfect place for multi-timeframe traders
- The charting tools are limited when compared to the competing platforms
- Needs you to have some basic knowledge of technical analysis
In the end, we can only advise you to go for this software if you feel that it will satisfy your unique needs as a trader or investor. For instance, if you are just starting day trading, this system could help you out make a steady flow of reliable profits.
The software will help you take the guesswork out of the equation and thereby enabling you to execute reliable trades based on a trading system with a relatively short learning curve.
We have little to complain about the features that it provides, while the pricing and user-friendliness are awesome too.
And most of all, you get a 30-day free trial period whereby you get to test whether the service will meet your day trading needs.