Technical Analysis has always been an interesting way to read and understand the price patterns of a traded instrument. No matter you trade equities, commodities or currencies, Technical Analysis is always handy to precise your timing of buying and selling. With sound knowledge of Technical Analysis, you can considerably increase the accuracy and percentage of your profit making trades.
The objective of this course is to equip you with the basics of all the popular Tools & Techniques of Technical Analysis starting with Moving Averages, Trend lines to RSI, Stochastics. You learn to read Japanese Candle Sticks Price Charts and formation of various interesting price patterns like Hammer, Shooting Star etc. The whole purpose of the program is to make you feel confident about your own buying and selling decisions .
What is the broad Coverage in Certificate in Technical Analysis Program?
- Introduction to technical analysis
We start with the basics of technical analysis covering the
concepts that does price discounts everything, the basic
assumptions in technical analysis, importance and weakness of
- Candle Charts: The Japanese way to predict Prices
Without the understanding of Candlesticks in Technical analysis one cannot
learn the art of predicting the prices. Candlesticks are formed by using open
price, high price, low price and the closing price. In this part we will be
covering One, two and three candle pattern.
- Pattern study: The bone of Technical Analysis
Technical Analysis is about knowing the current trend and predicting the
future trend. Patterns are formed when many candlesticks are clubbed
together forming a visible pattern. It is imperative to correctly identify a
pattern without getting confused. We start by finding the support and
resistance and why are they so important in Technical Analysis. Later we
move to other popular patterns which include head and shoulders, double
top and double bottom, the Gap theory.
- Major Indicators and Oscillators: The Advanced Technical Analysis
Indicators in Technical analysis are the part of advanced technical analysis.
Indicators when plotted on charts can help in deciding the entry and exit
point. Candidates are equipped on what does indicator offer, types of
indicators, trend following indicators. Oscillators on the other hand are
used to identify the over bought or oversold conditions in the market.
Major oscillators include Relative strength index (RSI), Moving average
Candidates are equipped with using multiple indicators for trading signals,
price sensitive techniques, volume sensitive techniques, Composite
- Dow theory and Elliot wave theory: The Charts make sense
Dow theory describes the price movements and explain repetitive price
patterns on the other hand Elliot wave theory focuses on wave patterns by
using wave counts on the charts. In technical analysis it is very important to
understand these two theories. Under this part candidates are equipped
with the principles of Dow theory its significance and problems with dow
theory. The candidates also gain knowledge on fundamental Elliot wave
concept and what after Elliot.
- Trading psychology and Risk Management
In actual trading it is very important to manage risk and to have right
psychology before and during the trader takes the trade. Under this part
candidates will be equipped with the tolls that are available to manage risk
such as stop loss, risk reward ratio, trail stop loss, golden rules of traders,
do’s and don’ts in trading, importance of discipline in trading.