Market Club Review
Before we created our stock screener, we tried out various trading softwares that claimed to work, but they either failed miserably or didn’t meet our needs. That’s why we developed our own stock screener. However, of the few softwares that we do like and are still using, MarketClub is the one that works the best for us.
Marketclub has some of the best trading tools available to traders, helping you to find trending stocks. Rather than listing out all the features that this software offers, we would like to emphasize on the ones we find the most useful, which helps us to pick trending stocks.
1. Smart Scan Technology
MarketClub uses Smart Scan to scan the market and give recommendations on what stocks to buy. Based on a pre-defined weighted trend formula for chart analysis, each stock is analyzed on a scale from -100 (strong downtrend) to +100 (strong uptrend). We’ve found many stocks in the past from MarketClub that went up over 50% in a matter of days and we believe that we will find more of those stocks in the future. Markets that they scanned include stock, foreign exchange, future, index and mutual funds. Also, you can search stocks for intraday, yesterday, 3 days ago, a week ago and even a month back. Thus, this is good for day trading, swing trading, and long term investing as well
2. Chart Portfolio
The charting software includes over 230,000 symbols. It allows us to personalize our portfolio for the symbols that we’re following and create charts easily. Over 23 technical indicators can be applied, including Bollinger Bands, Moving Averages, MACD, Stochastic, Parabolis SAR and more. The charting platform can be downloaded and able to browse data in almost any format, such as personal programs like spreadsheets.
3. Trade School
They offer audio (MP3) seminars and PDF workbooks, which will have you following along with some of the most well known professional traders in the world like Linda Raschke, Mark Cook, and Chuck LeBeau. These seminars cover various trading techniques and information on foreign exchange, futures, day trading, money management, stocks, psychology, indexes, options and more.
Our Review
There are many more other features that MarketClub offers which are beneficial to us such as trading alerts, and stock portfolios. MarketClub is suitable for any type of trader, whether you are a short term swing trader or a longer term investor.
The system is not perfect. It sometimes gives buy signals a little late so you could miss a portion of profits. Their charting platform is a little complicated which requires you to spend a couple of hours to learn and take advantage of all the features.
Overall, we are very pleased with the software and encourage every trader to try out this trading system. They offer a free 30-day trial version.