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.
MarketClub from INO is a technical trading platform that helps traders decide when to enter and exit positions. It offers proprietary trading software, training courses, and access to a community of like-minded traders.
Is it worth signing up for this stock market service? Keep reading our MarketClub review to find out.
What is MarketClub?
INO MarketClub was launched in 2002 by Adam Hewison, a former floor trader and private fund manager with three decades of trading experience. Hewison co-founded MarketClub with David Maher, a computer engineer and fellow trader who developed proprietary tools to help take emotion out of stock trading. MarketClub’s theme is that it’s built by traders, for traders.
Powerful time-tested algorithms and market-proven analysis is the engine that drives this trading platform and results in consistently profitable trades. The platform analyzes more than 350,000 charts, offers easy-to-follow alerts, and provides a hub for traders to learn from one another.
MarketClub Pricing Options
MarketClub offers monthly and quarterly subscriptions. A monthly membership costs $79/month and a quarterly membership costs $199/quarter.
You can sign up for a nearly free trial for $1 to test out the service for 30 days. This 30-day trial offers a great opportunity to test out all of the features of the service. If you decide that you like the trading system, it’s definitely worth considering the quarterly plan.
Membership subscriptions provide access to scanning tools, alerts, interactive charts, e-mail alerts, educational videos, member blogs, access to an options training course, and customer support.
Features Breakdown for MarketClub
The MarketClub software platform is designed to help you identify profitable trades using technical analysis. The platform offers a range of trading tools that can help you find and analyze potential opportunities. These tools can be used for day trading, swing trading, and long-term investing.
Here are some of the notable features.
MarketClub charts are the canvas for the platform’s technical tools. Most traders will stick to candlestick charts, but bar and line charts are also available. Time frames range from intraday to monthly and historical data is available going back five years.
The line charts work very well with the various price indicators, especially the trade triangles (more on those below). They are free of clutter and noise compared to candlestick charts, especially over longer timeframes. That said, MarketClub isn’t intended to be a standalone charting platform like TradingView or eSignal. The real value of this software lies in its proprietary indicators and chart annotations.
Indicators & Studies
You can overlay technical indicators (called studies in MarketClub) on any price chart or add them below the chart. Don’t expect to find a library of exotic studies. The software focuses on popular indicators like simple and exponential moving averages, Bollinger Bands, MACD, stochastics, trendlines and Donchian channels. The key – proprietary – indicator that MarketClub offers for chart analysis is trade triangles.
MarketClub developed a unique indicator that it calls trade triangles. Trade triangle technology is at the heart of the platform’s buy and sell signals. You can find trade triangles marked on each chart.
A green trade triangle indicates an uptrend while a red trade triangle indicates a downtrend for a specific timeframe. When multiple timeframes are trending in the same direction, the chart will display multiple green or red trade triangles. This is a signal for traders to take a position and ride the trend.
Each triangle has a dynamic trend score. These scores tell you how strong or weak the trend is over each timeframe.
Trading with Triangles
Triangles can also be used as trade triggers on individual time frames. One of the best ways to use these triggers is to enter trades when the shorter timeframe triggers to align with the trend over longer timeframes. For example, you can enter a long trade when a green triangle forms on a daily chart, while the weekly and monthly trade triangles are also green. This setup will usually result in a +100 trend score.
The key to this strategy is to find stocks with pre-existing weekly and monthly green triangles but a red daily triangle. That brings us to the Smart Scan.
MarketClub’s Smart Scan feature is a golden goose laying golden eggs when using a multi-timeframe trade triangle strategy. This is one of the trading tools that helps you find great entry and exit signals within the MarketClub platform.
You can configure the Smart Scan to find triangles for any timeframe or filter your results by asset type, including stocks, cryptos, currencies, ETFs and futures. The smart scan is simple to use and is similar to scanners like FinViz and MarketSmith. However, it doesn’t offer some of the advanced features you’ll find in scanners like EquityFeed and Trade Ideas.
Watchlists & Portfolios
Users can create multiple portfolios and watchlists in addition to a set of pre-made watchlists available to all MarketClub users. From these lists, you can easily pull up charts and studies. The watchlist format is designed so that it’s easy to read, sort, and spot compelling candidates at a glance. You can sort lists by column headers like Volume, % Change, Triangles, Trend Score.
You can receive email alerts to when watchlist stocks trigger a new trade triangle. Alerts are also available to let you know about trend score changes for stocks in your watchlists and portfolios. These alerts are helpful for experienced traders who watch a lot of tickers at once. They can help ensure you don’t miss out on a trade triangle entry you were looking for.
MarketClub has exclusive blogs updated daily with insightful stock market commentary. These go well beyond just the typical posting of stats (i.e. the Dow went up 200 points). You can get good trading tips from each post’s discussion of technical analysis and the day’s price action. There’s a lot more information that you would get from a basic financial blogging site like Investopedia or MarketWatch.
The key component that separates MarketClub from other technical analysis platforms is its trade triangle system. This indicator is convenient, easy to understand, and highly actionable. While MarketClub doesn’t have the bells and whistles of more expansive stock market research platforms, it does provide solid tools that can help you trade stocks more effectively.
MarketClub has a lot of similarities to IBD’s Leaderboard service. So, traders may want to trial each platform before committing to one.
Is MarketClub a Good Value?
We always consider the price of a service during our review process. A great tool needs to be priced appropriately.
We think Market Club provides a good value for many traders. The subscription price includes everything you need without upselling you on add-ons, which is a common tactic used by other trading services. We also like that you can try out the platform for 30 days for just $1.
At $199/quarter (equivalent to $796/year), MarketClub is in the mid-range of pricing for investment services. For comparison, Motley Fool is $199/year and IBD Marketsmith is $1,499/year.
What Type of Trader MarketClub is Best For
MarketClub is simple and easy to use, but it does require some technical analysis skills. The learning curve is relatively short if you already have a trading strategy and are familiar with common technical indicators. For this reason, MarketClub is best suited for intermediate and advanced traders who are looking to add trade triangles to their arsenal of tools.
That said, this isn’t a basic stock picking service like Motley Fool Rule Breakers, Gorilla Trades or Zacks. It is a stock research and analysis tool that is designed for self-directed technical traders. If you are comfortable doing your own research, Market Club offers a lot of powerful tools that can help you find better trade setups and make money trading stocks on both long and short timescales.
What are trade triangles?
Trade triangles are a proprietary momentum indicator created by MarketClub. A green triangle indicates a bullish price trend, while a red triangle indicates a bearish price trend. Triangles can appear in different colors and at different points for the same stock on different timeframes.
What can I trade with MarketClub?
MarketClub supports trading on stocks, ETFs, cryptocurrencies, forex, and commodities. The platform continuously analyzes more than 350,000 assets.
Does MarketClub offer a free trial?
You can try out MarketClub for 30 days for $1. After that, the platform costs $79 per month or $199 per quarter.
- 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-timeframe 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