Must Have Tools for the Traders

July 10th, 2008 | Filed under: Financial Markets

On a somewhat dead and discombobulated day like this, I just like to sit back and see whats going on. So I decided to finally use my new INO account.

INO.com

INO is essentially a trader’s dream. It is basically a one stop shop for everything you need to prosper as a trader.

At its core INO feels like a private club for traders. There is a mixture of free and paid services. I remember just using the free tools before I received a membership account, and I thought the site was already great. I wasn’t ready for the loads of information and tools that one would receive after entering the “private” gates.

Think of it has a more technical MarketWatch or Google Finance. They have the charts, tools, blah, blah, blah. I really like their aggregated news headlines, but that is not what makes this brand special.

Newsletters and Portfolios

The site banks on the personal touch that is added for each individual trader. With their portfolio feature, you are able receive status everyday on stocks that only interest you, FOR FREE. You get to see results of their SmartScan and if it is on the move or not. Why not try it out?

Every morning you can elect to receive an email that summarizes crucial movements in recent market days, and it highlights important events, calls, or data expected later on in the day.

These emails alone have already saved me precious time and money.

INO TV

INO TV is basically a collection of tons of instructional and informative videos from some of the top players in the game. They have videos for all different levels and types of traders.

Many of these videos are of speeches done at different conferences. Want to learn how to better your day trading? How about avoiding mistakes that experienced traders have made?

You really can’t even call these videos. Most of them are more like movies, and they are all worth watching.

Take a free test run to see how it really works.

MarketClub Trader’s Blog

MarketClubMany of you have or are still actively following the MarketClub Trader’s Blog. If this is the case, then I don’t have to tell you how good it is. You can kind of think of this blog as a mentor for traders.

They teach you steps to help your trading, while at the same time sharing advice that will help you manage stress or whatever it may be.

Most of you may already be satisfied with the free blog, but did you know that there is so much more to the service? I didn’t even know about half the stuff before I became a member.

There are special tools and analysis that MarketClub base most of their trades on, such as a the triangle trade. By becoming a member you get up to the minute trade recommendation videos and whiteboards (check some of the free videos). Aside from videos, you also get access to their streaming chart tools. They can be seen in action through the videos (see it in action).

Take a look at a preview of how a real-time trend analysis looks. It basically tells you what to trade.

Watch a video of alerts in action.

Final Analysis

It almost gets to the point where there are too many tools and services, but I managed to get over it. The one downfall I would have to point out is that the design of some places could have been done better, but that is just getting picky.

If you really want to push your game to the next level and/or are serious about making money through the financial markets, then I highly recommend you signing up for these services. Any costs should easily be made back with the tools alone.

There were so many things offered. Below is a summary of all the different services and tools associated with INO. Many also have free trials, so make sure you use them to make sure these work for you and check out some testimonials.