Trading Financial Instruments and the Psychology of Trading
- 4.8
Brief Introduction
Master the four pillars of trading: technical analysis, fondamental analysis, risk management, and psychologyDescription
This course has four sections:
The first section provides a global overview of trading. Topics covered include but are not limited to how to choose a broker, start trading, analyze charts and markets, manage risk, and develop the right trading attitude.
The second section focuses on how to study charts, indicators, historical prices and patterns to predict future price movements. Topics include but are not limited to charting types, support and resistance, trendlines, reversal patterns, trend continuation patters, stochastic s, Dow theory, Fibonacci, and channels.
The third part provides a framework for analyzing and forecasting financial markets using fundamental analysis. Topics include but are not limited to central banks, monetary policy, interest rates, inflation, unemployment, geopolitical events, market Sentiment and correlations.
The final section emphasizes the importance of using risk management techniques in trading. Topics include but are not limited to setting risk management rules, managing profitable and loosing positions, investing vs. gambling, law of large numbers, position sizing, and correlated trades. This section also highlights the importance of psychology in trading. Topics include but are not limited to how to remain disciplined, manage fear and greed, escape damaging instincts, exit losing positions, and avoid revenge trading. Skills acquired in this section are crucial.
Requirements
- Requirements
- Desire to make money from financial markets