Learn Technical Analysis – 5 Basic Chapters
About this course: Technical analysis course for beginners will lay foundation to learn technical analysis, predicting future movement of price using historical data and charts. Technical analysis assumes that all available information for any stock or commodity is contained in the price of the stock or commodity. It will then build upon the price movement to predict future course of price. Basics of Technical Analysis will explain fundamentals of the following:
b) Different types of chart patterns
c) Understanding various technical indicators and using them for entry and exit signals
d) Understanding of Gaps within candlestick chart patterns.
Created by: Trading Campus
Syllabus
CHAPTER 1
Introduction to Technical Analysis
Technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data. Technical analysis assumes that price contains all available information and focuses on predicting future price patterns using various statistical analysis. It uses multiple Technical analysis tools, statistical methods and technical indicator studies like Bollinger Bands, MACD, Moving averages, RSI etc. The study and use of price and volume charts and other technical indicators to make trading decisions.
CHAPTER 2
Chart Patterns
In technical analysis of stock trading, chart patterns play a major role in making trading decisions. Chart patterns help to identify trading signals – or signs of future price movements. This chapter focuses into explaining chart patterns and explain basics of Support / Resistance oriented trading methodology. It will also explain following chart patterns:
a) Head and Shoulder
b) Support and Resistance
c) Double Top
d)Double Bottom
Learn what they are and how to use them!.
Learn how chart patterns and market indicators can potentially help traders find an edge in technical analysis.
CHAPTER 3
Indicators
This article is designed to introduce the concept of technical indicators and explain how to use them in your analysis. Technical analysis is a method of examining past market data to help forecast future price movements. Indicators are the cornerstones of technical analysis and play an important role in giving and confirming entry and exit signals in stock trading systems. Many professional stock traders use technical indicators to help them with trade timing or to alert them of new trends.
Learn following functions of indicators – Alert, Confirm and Predict.
CHAPTER 4
Candle Sticks
A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Candlestick charts are a popular chart choice among traders, because of the wide-range of trading information that they represent. This chapter will lay foundation for the student to the right candlestick patterns for Trading, either for long or short term.
Learn Candlestick chart continuation and reversal patterns.
Learn commonly found candlestick patterns
CHAPTER 5
Gap
This chapter will focus on explaining the important concept of GAP and it’s important for the trader. Quite simply, A gap is an area on a price chart in which there were no trades. But things are not so simple, Gap contains huge amount of information and predicts future price patterns.
Learn different king of gaps in technical analysis: breakaway, continuation/runaway, exhaustion, common, and opening.
Learn how to treat Gaps for understanding support or resistance.