- Trading Tools
If you are in the trading world, you know how important trading knowledge can be. MarketClub offers a variety of trading courses, platform tools, blogs, and more that appeal to every trader. Read on here to learn more about how MarketClub can change your trading.
What is MarketClub?
MarketClub powered by INO, is a membership-based community with proprietary trading platform tools, training course and blogs. Started by traders for traders is the theme and core philosophy that founder Adam Hewison envisioned on the 2002 launch of MarketClub. As a former floor trader and fund manager with three-decades of trading experience, he partnered with fellow trader and computer engineer David Maher to develop unique proprietary tools that take the emotional bias out of trading. Powerful time-tested algorithms and market proven analysis is the engine that drives the platform which members used daily. Building a community around like-minded trader has grown MarketClub into a powerful resource for members of all skill levels.
MarketClub Pricing Options
MarketClub has a simple subscription plan for $59-month. Prepaid discounts apply for the quarterly membership at $150-per month and $449-per year.
Membership subscriptions provide access to scanning tools, alerts, interactive charts, e-mail alerts, education videos, member blogs and customer support.
The Options Boot Camp costs $299 comes with a 90-day subscription to MarketClub. For $499, you can get the Options Boot Camp course and an annual subscription to MarketClub ($748 value)
Features Breakdown for MarketClub
The MarketClub software platform is designed for technical analysis-based trading and research. Here’s some of the notable features.
MarketClub charts are the canvas for the technical tools. Normally I prefer to use candlestick charts, but bar and line charts are also available. Time frames include various intra-day to monthly periods with historical data going beyond 5-years.
The line charts work very well with the various price indicators, especially the triangles, without much clutter and noise. I was pleasantly surprised how ‘clean’ the line charts appear compared to candlesticks on wider time frames. MarketClub isn’t intended as a standalone charting platform like TradingView or eSignal. The real value comes from the proprietary indicators and annotations.
Technical indicators (labelled as studies) can be overlaid on the price chart or below-chart. Don’t expect a library of exotic studies, just the proven-tested popular ones including simple and exponential moving averages, Bollinger Bands, MACD, stochastic, linear regression and Donchian channels. The key proprietary indicator/study is trading triangles.
MarketClub developed a unique indicator called trading triangles. Green trading triangles indicate uptrends while red triangles indicate downtrends for a specific time frame. When multiple time frames are trending together, as indicated by more than one green or red triangle, then traders can take a trade to ride the trend. Each triangle is given a dynamic trend score. Combining the scores tells you how strong or weak the trend is.
Trading with Triangles
Triangles can also be used as trade triggers on individual time frames. One of the best ways to use these trigger is to enter trades when the shorter time frame triggers to align with the wider time frames. For example, I like to enter long trades when a green triangle forms on a daily time frame, while the weekly and monthly are also showing green triangles. This usually renders a +100-trend score. The key to this strategy is finding stocks with existing weekly and monthly green triangles with a red daily triangle to find candidates. That brings us to the Smart Scan.
Knowing what we need makes it easy to utilize the tools provided. Smart Scan is a golden goose laying golden eggs when using a multi-time frame triangle strategy. The trend score is a good confirmation component. The Smart Scan can be configured to find triangles for any time frame or trading vehicle including stocks, cryptos, currencies, ETFs and futures. One of the great things about scanning is how it introduces you to new stocks to watch. This by-product of learning the trading patterns of different stocks is a hands-on education process that all students of the market should have a passion for.
Users can create multiple portfolios and watch lists in addition to the pre-set ones already available. From there, you can pull up charts and tools easily. Kudos to the intuitively designed format that makes it easy to read, sort and spot compelling candidates at a glance. Lists can be sorted by column headers like Volume, % Change, Triangles, Trend Score.
Users can set alerts when watch list stocks trigger. E-mail alerts are also available to automatically alert you to new triangles, trend scores and net changes to stocks on your watch lists and portfolios.
MarketClub has exclusive blogs updated daily with insightful market commentary that goes beyond just the typical posting of stats (IE: Dow was up 200 points). I get good nuggets of information literally from each post as they delve into technical analysis perspective on price action. The depth of information is deep here (more than a basic blog/education site like Investopedia or MarketWatch).
Trade triangles are the key component that separates this from other technical analysis-based platforms. The tools are convenience and easy to read and put to work. While it doesn’t have the bells-and-whistles of more expansive research platforms, it does provide the solid proprietary tools needed to create well thought out trades. It’s similar to IBD’s Leaderboard service in a way, so traders may want to consider the free trials of each platform before committing to one.
Is MarketClub a Good Value?
This is definitely a good value for the platform. It’s simple one-price with no constant upsell which is common with other vendors. The annual subscription is the best value and savings, but $59-per month is an excellent price for the volume of trading ideas you get daily.
What Type of Trader MarketClub is Best For
While the platform is simple and easy-to-use, it does require some technical analysis skill sets. The learning curve is relatively short if you have a trading methodology. For this reason, MarketClub is best suited for intermediate to advanced traders who are looking to add trading triangles to their arsenal of tools.
- Trading Triangles with trend score are a unique and powerful tool
- Smart scan is user-friendly and intuitively designed for simplicity and effectiveness
- Email alerts provide more ideas to trade
- Great for multi-time frame traders
- Member blog has in-depth technical oriented insights
- Great value for the volume of ideas generated daily
- Covers stocks, futures, Forex and cryptocurrencies
- Limited charting tools
- Users should have some basic technical analysis knowledge