How To Be A Trader - Part 3

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader. We already talked about it in the previous article: Being able to determine the direction of  the market is one of the most important skills of a trader, because it dictates the type you trading strategy you use. In a trending market, you want to use a trend-following strategy. And in a sideways market, you want to use a trend-fading strategy. For more information on this topic please read the previous article "How To Be A Trader - Part 2"

How To Identify The Direction of The Market

Way back in the 90s I used fundamental analysis to try and predict the market. Long story short, it didn't work for me. Continue reading "How To Be A Trader - Part 3"

How To Be A Trader - Part 2

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

In the first article of the series "How To Be A Trader" we talked about the mindset of a trader and the importance of having realistic goals. You have learned that consistency is more important than windfall profits every now and then, and that a weekly target of only $100 - $200 can compound to very nice yearly returns. If you haven't had a chance to read the first article of this series, click here to read "How To Be A Trader - Part 1"

Today we will talk about the most important skill of a trader. And it doesn't matter whether you are day trading or swing trading. It doesn't matter whether you are trading stocks, forex, options or futures. It doesn't matter whether you are new to trading or have been trading for a while. The skill I am going to talk about in this article is the foundation that EVERY TRADER needs. If you cannot master THIS, your chances of making money with trading are slim to none.

So here is the most important skill of a trader: Continue reading "How To Be A Trader - Part 2"

How To Be A Trader - Part 1

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

According to Google, "how to be a trader" is one of the most active search terms. It seems that these days many people are interested in becoming a trader.

But what does it take to become a trader? What are the steps?

In this article series you will learn how to be a trader. Continue reading "How To Be A Trader - Part 1"

How to spot winning trades

In today's video we share with you how to use one of the many features in MarketClub, our Smart Scan technology. Using Smart Scan, you can easily spot winning stocks, futures, precious metals, and currencies that meet one of 24 preset scanning criteria, including uptrends or downtrends.

As traders we have 3 potential positions we can take at all times: (1) We can be long the market (2) We can be short the market (3) We can be on the sidelines and out of the market (options allow you to do other things but I want to keep it simple today).

Using our Smart Scan technology and filtering out the noise can help find some of the real nuggets that are out there.

As always our videos are free to watch and there are no registration requirements. If you'd like to comment on this video please do so on our blog.

Enjoy.

All the best,
Adam Hewison
President of INO.com
Co-founder of  MarketClub

Your Final Trading Secret

This is your final trading lesson in " The 7 Secrets to Successful Trading" series:

Trading Secret #7 is here:

Every success in the future.

Adam Hewison
President, INO.com
Co-creator, MarketClub

7 Secrets to Successful Trading