Introduction to Trading with Technical Analysis

Offered By: New York Institute of Finance via edX

Course Description

Overview

Technical analysis is a discipline that uses market data to define the state of financial markets. It provides a framework to forecast the expected trend in the market.

Tools of technical analysis can be applied in any time frame. This makes them useful for day traders, individual investors managing retirement accounts or analysts preparing detailed reports that include opinions on the likelihood of gains in a market.

Because the analysis is based solely on market data, technical analysis can be applied to individual stocks, broad market indexes, futures contracts, cryptocurrencies, foreign exchange or any other market.

The information in these courses can be used to develop a standalone trading methodology. It can also be used as a supplement to fundamental analysis, using fundamentals to determine what to buy or sell while using technicals to determine when to make the trades. In this way, technical analysis helps an analyst add value to their reports.

Fundamentals of Technical Analysis focuses on defining the tools of technical analysis including chart patterns and indicators. Quantitative Technical Analysis provides a strategy for incorporating the tools into an algorithmic format that can be automated or applied manually in a disciplined manner.

Combined, the courses provide all the information needed to become a trader in any market around the world or an analyst specializing in technical reports of financial markets.

This professional certificate is comprised of the following courses:

C01: Fundamentals of Technical Analysis
C02: Quantitative Technical Analysis

Free Preview! Access the first 3 modules from Course 1 for free. For full course access, upgrade to a verified certificate.

NOTE: Completing both courses is MANDATORY to achieve the edX Professional Certificate in Introduction to Trading with Technical Analysis. A verified learner must pass all courses in the program with a minimum grade of 70% to earn a Professional Certificate for Introduction to Trading with Technical Analysis.

Syllabus

Courses under this program:
Course 1: Trading - Fundamentals of Technical Analysis

Learn how to apply technical analysis as a standalone trading methodology or as a supplement to fundamental analysis using tools that are based on price action and other technical principles.

Course 2: Quantitative Technical Analysis

Technical analysis has long been practiced in a subjective manner. This course will break that practice and present an objective review of technical analysis.

Courses

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4 weeks, 1-2 hours a week, 1-2 hours a week
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Quantitative strategies are popular among hedge funds and institutional investors. As demonstrated in this course, they are also readily accessible to individual traders.

Fundamentals principles of technical analysis are incorporated into complete trading strategies during the course. Those strategies are objectively defined with an eight-step process that is used to create entry and exit rules. Less well-known aspects of system design including position sizing are also explored.

Discussion of strategy implementation includes risk management, system optimization and ongoing performance evaluation. Advantages and disadvantages of multiple methods of evaluating performance and risk are covered.

Strategies for equities and futures markets are developed using the design principles.

While systems are based on technical analysis, a process for incorporating fundamental data is also discussed. A complete strategy combining fundamental data and technical analysis is developed and as with other systems, the rules and historical returns are detailed.

In fact, complete rules for several systems are provided and detailed historic results of returns and risks are analyzed. Steps for improving performance or tailoring the strategy to suit an individual’s needs are reviewed.

Taught by

Michael Carr