Course Overview
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Beginner About Technical Analysis Course with iCharts Training
Technical analysis training involves studying the graphs of stock prices and the momentum oscillators derived from it. One has to understand that technical analyses training are fully based on the price movements and don’t include balance sheets, profit and loss accounts (fundamental analysis), and assumptions that markets are efficient, and all probable price sensitive information is built into the price graph of an index or security.
Technical analysis training supports the efficient market theory as against “random walk theory” that supports the belief that stocks may be bought or sold as easily as a random event like the flipping of a coin. Technical analysis of stock prices is more dynamic compared to the fundamental analysis, largely depending on a single argument i.e. a fundamental analyst depends on corporate events like special announcements and quarterly results, like policy changes and earnings guidance in operations, for recommending a buy or sell.
Had fundamental analysts been the single most reliable indicator of performance trends of a company, stock prices would fluctuate only four-five times a year, around quarterly results and important announcements like mergers and acquisitions etc. if a fundamental analysis is the most reliable indicator of stock movements, why would then share prices change daily? This is where technical analyses usually come in to predict short-term price movements.
Not only stocks, technical analysis training are applicable to commodities, indices, futures, and any other tradable instrument where the price movement is influenced by supply and demand forces. Price refers to all combinations of high, low, open or close, for a given security over a specific period of time. This could be intraday like one, five, 10, 15, or 30-minute intervals, or hourly, daily, weekly, fortnightly and monthly price data. It could last a few hours or for many months. Besides, some technical analysts include a volume of shares traded or open interest to study the price action. Technical analysis is largely used for day trading.
How does it work?
Critics of technical analysis training would point out that predicting the price movement of a stock, based on its past performance, is like reading tea leaves or divining the future, from textures of chicken entrails. Several high priests of fundamental analysis would quickly brand technical analysis as the financial world’s alchemy. It’s true that chart readers can’t forecast the future any better than your stockbroker or spouse.
But what technical analysts can do better than many of their peers is take a decision on what to do with a stock i.e. buy, hold, or sell, based on the probability of action of others, under a certain condition. In other words, if there appears a pattern on the chart, the technical analysis training can forge a framework regarding what the market is most likely to do when the price breaks out of that pattern. It may not work all the times but past performance surely gives an idea of what would happen so that we can take appropriate steps.
If a stock, for instance, is rising but starts moving sideways in a bull or bear phase, it becomes uncertain about what it may do next. A coiling pattern emerges on the chart when price oscillations in both the directions diminish. Chart readers may label the pattern as a “triangle” simply because that’s how it appears on the charts.
When patterns like these appear on a chart after a reasonable trend, it indicates a resting period. Technical analysts would wait for the price to breach the upper border of the triangle pattern and then recommend buying the stock. This is because the odds of the price rising further are higher. Why? Such a formation usually represents a change in the market, where the price range of a stock which was once considered expensive, is now considered cheap or reasonable. We don’t need to bother ourselves with what happened to foster the change but consider that it did happen.
But even with the poised breakout from the visible pattern, technical analysts can’t say for sure that the price of the stock will rise. They also don’t know how long it may take for the breakout. But what they do know is that the chance of making money by holding or buying the stock is good.
Chart analysis isn’t infallible. But a much more important point is that it’ll tell you promptly whether your assessment of the market is correct. For instance, if the price surges northwards from the current levels but eventually settle down in the triangle pattern, we know that we were incorrect to give a buy call. This is because we may have missed something on the charts, or that the market just changed its mind. We’ll sell off our holdings, book loss, and exit.
Technical analysts believe in the thumb rule that a big loss begins with a small loss. If the reason to buy a stock no longer exists, we don’t hang around expecting the price would resume its northward journey.
Why do we need technical analysts?
Technical analysis training is required to see the “present” to forecast the “future” of a stock or commodity. A technical analyst doesn’t predict the future but they analyze the present situation to gauge what’s going to happen in the coming days. They take help of levels, charts, and systems to determine whether market indeed is what it appears to be. This is a very important factor in trading and investing. Technical analysts help to keep away the emotions of a trader and advise them on practical trading decisions. Regardless of how bearish a trader is, if the screen in front of the analyst recommends a “buy”, a smart trader will buy the stock or hold on to what’s already in the portfolio, till more clarity emerge. A technical analyst won’t go against the chart regarding buying and selling decisions. That, in essence, is the work of a technical analyst. But if you take it as the holy grail of making fortunes in the market or a crystal ball, then you’ll be disappointed.
Trend and trend lines
There’s no secret to identifying a trend. If the price of a stock keeps rising and breaches its previous highs, you can then spot a rising trend. The same happens when a stock breaches newer lows. Technical analysis with iCharts will help you to draw trendlines and clearly define the trend more objectively. The old-fashioned way of printing the chart and using a pencil and ruler still works well. But with iCharts available, it has become much easy.
Technical Analysis Course description
The technical analysis course with iCharts training has all in it and is one of the most exhaustive courses out there. It’s important that as a technical analyst you understand every single issue involved in chart reading. To help your clients make money in the financial markets, you have to understand the price fluctuations. You have to identify the price points to enter the market. And for this, you must know the support and resistance zones of that particular stock. Lack of understanding of these basic trading concepts can lead to client dissatisfaction.
The technical analysis training has been developed and produced by market experts and veteran technical analysts with many years of experience in the financial markets. This technical analysis training means, when you subscribe to the course, you get access to their vast information and knowledge. You will be able to apply practical trading strategies that’ll help your clients to rake in profits.
The technical analysis course with iCharts training description is as follows.
- Introduction: You are introduced to the subject here and learn about the importance of securities assessment.
- Getting started with technical analysis: You are introduced to technical analysis concepts, followed by price discounts and trend analysis.
- Charts: The topics covered here are understanding the charts, followed by bar and candlestick charts.
- Theories: In this section, you learn about all the theories associated with technical analysis training with iCharts. The topics covered include primary and secondary trend theory, understanding sideways, support theory and charts, and the resistance theory.
- More on chart patterns: Understanding chart patterns, is continued in this section. You get to learn common patterns like head and shoulders, cup and handle, and indicators. You also take a practical look at the charts.
What did you get to learn technical analysis course?
This is what you gain by joining the technical analysis traning.
- Understand behavioral finance
- Identify market trends in various time frames
- Identify all trending and outperforming stocks suitable for long-term investments
- Study and interpret charts, identify the rewarding trading setup, and potentially earn money in intraday and short-term trading
- Anticipate the markets moves even before they show any such signs so that you can position your trades early enough
- Take the right trading decisions, at the right time, and the right price
Technical Analysis Course Target audience
The technical analysis course with iCharts training is suitable for the following people.
- Investors wanting to systematically manage their own portfolio and pocket better market returns than their peers.
- People who want to earn money in a smart way and also achieve financial independence and freedom.
- People who are passionate about trading and want to make money from stocks, commodities, forex and similar instruments.
- People who want to pursue technical analysis and want to advise their clients on market performance.
- Traders wanting to generate consistent profits.
Technical Analysis Course Requirements
A basic knowledge of the financial markets is required to take this technical analysis course. Graduates in finance, statistics, accounting, and marketing will benefit from the technical analysis course. It’s also suitable for dealers, traders, brokers, and financial advisors who want to become research analysts.
Technical Analysis Course Training FAQs: Some general questions
- How will the course be conducted?
The entire technical analysis course will be conducted online. You’ll be connected to a powerful online tool that’s extremely simple to use. You only need a computer and a broadband internet connection to take the technical analysis training. It comprises over four hours of HD videos, and more than 20 lectures.
- What if I can’t attend a session?
Our entire courseware is self-paced. Once you join the course, you can take your time to complete it according to your own convenience.
- What is meant by self-paced learning?
Self-paced learning is a system where you teach yourself. All the content of the technical analysis course is at your disposal. Individuals have to be motivated and highly disciplined to take a self-paced course because they have to do so sans the presence of a course instructor or faculty.
- How far will the course help in a real-life technical analysis?
The technical analysis course is made by industry professionals. Whatever is taught has been derived from real-life experiences and implementable practically.
Technical Analysis Course Training Testimonials
Reshma Modi
“I took the technical analysis with iCharts training course and it has helped me immensely. I’m a short-term trader and learnt market prediction techniques after taking this course. The way of teaching was excellent and I could clarify my doubts via email.”
Sushma Khaitan
“I’m a homemaker and used to trade as and when I felt. But I wasn’t able to make much money. In fact I made more losses. After taking the EduCba course, I have raked in consistent profits. The course helped me to learn the proper trading strategies.”
Jiten Mehta
“I must praise the faculty at EduCba. I’m a trader myself and joined the technical analysis course to brush my skills. The results have been exceptional. I have increased my client base ever since I took the course.”
Chetan Dhingra
“Job offers have kept pouring in ever since I took EduCba’s course on technical analysis with iCharts. I feel lucky that I chose to take this course.”
Technical Analysis Training Career benefits
Some of the major career benefits of the course are given below.
- Enable individuals to apply their learning practices, using iCharts in the stock markets.
- Understanding market fundamentals like moods, herd mentality, and differing opinions.
- Uncover the market “signals” by examining the past movements in the money market.
- Identify the trends in stock price fluctuation.
- Those who take the course can become a trader, fund manager, or technical analysts in broking or advisory firms.
