this course assumes that you have no prior knowledge of trading or technical analysis . it starts from the absolute basics and slowly builds on the concepts .. part of the knowledge you will gain from the theory and then you will also learn when you start trading – with a demo account or actual money .. we won’t lie – don’t keep the expectations too high from day 1 – you will make some mistakes and are likely to lose money on some trades … it is all part of the learning curve …
but as they say , no pain , no gain .. right ?
what is technical analysis ?
the various types of charts – line, bar and candlestick
the various types of trades (long and short)
the various types of candlesticks
candlestick group patterns
candlestick continuation patterns
candlestick reversal patterns
moving averages – which ones to use
what is golden cross
what is death cross
oscillators – stochastics, relative strength indicator (rsi)
macd – moving average convergence and divergence
fibonacci levels – the levels from which the prices retract / bounce off
support and resistance
gaps – gap up and gap down – what they mean and why are they filled
trend lines – what are they and how to spot trends – moving up , down or in a range ?
trend lines – how to draw them
how to make money in any direction – up , down or any range ?
how to control your emotions
rules of money management
always trade with a stop loss
how to use a stop loss to limit losses
how to use a stop loss to protect profits when the trade is moving in your direction
how to decide when enough profit is enough .. don’t get too greedy , get carried away by emotions or take another trade just because you are feeling confident – you are likely to lose / give away your profits ..
don’t invest in something you don’t understand .. if something seems too complicated to understand, it is a trap to get your money
brokerages around the world
what is margin money?
what is market price order?
what is a limit price order?
what is a stop loss?
what is positional trading ?
what is swing trading ?
where to find the values of all commodities, currencies, economic news, investing
common traps and how to spot them …
good habits – maintain a trading journal – list of trades taken – should have date , short of long , why did you take that trade , stop loss ,risk reward ratio , target , profit loss – preferable excel
please leave yesterday’s trades behind .. start each day .. fresh ..
study the trend .. this takes some practice