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Complete Trading CourseLesson 1: Introduction to Technical Analysis
If you're looking to learn to trade, here's a starting point.
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1/
What is Technical Analysis?
Technical analysis is the study of the market primarily through the use of charts.
What is Technical Analysis?
Technical analysis is the study of the market primarily through the use of charts.
2/Key Principles
-All information is reflected in price
-Human psychology lead to repetition of the past
-There are no certainties in the market only probabilities
The first point is slightly variable depending on how much of a "purist" you are.
-All information is reflected in price
-Human psychology lead to repetition of the past
-There are no certainties in the market only probabilities
The first point is slightly variable depending on how much of a "purist" you are.
3/ Limitations of Technical Analysis
-Doesn't teach you how to protect your capital
-Doesn't teach you how to build a system
-Doesn't teach you how to manage your emotions
Technical analysis is just the beginning there is a lot more to the game.
-Doesn't teach you how to protect your capital
-Doesn't teach you how to build a system
-Doesn't teach you how to manage your emotions
Technical analysis is just the beginning there is a lot more to the game.
4/ Misconceptions
-Analysis is not the same as trading
-There is no magic strategy that will make you rich
-Multiple different styles of technical analysis are viable in the market, as long as you have data to back it
-TRADING IS NOT EASY OR GLAMOROUS
-Analysis is not the same as trading
-There is no magic strategy that will make you rich
-Multiple different styles of technical analysis are viable in the market, as long as you have data to back it
-TRADING IS NOT EASY OR GLAMOROUS
5/ How do you actually make money?
You need more than just technical analysis.
You need a combination of these 3 things
1. Technical Analysis
2. Risk Management
3. Psychology
I will cover them all in this course :)
You need more than just technical analysis.
You need a combination of these 3 things
1. Technical Analysis
2. Risk Management
3. Psychology
I will cover them all in this course :)
6/ What does technical analysis actually help with?
-Forming a hypothesis for trading systems
-Forming conditions for trading systems
-Analysing current market conditions through charts
It's not a crystal ball as many like to think.
-Forming a hypothesis for trading systems
-Forming conditions for trading systems
-Analysing current market conditions through charts
It's not a crystal ball as many like to think.
7/ How to make the most of this holiday course?
-Be proactive and take notes
-Join my FREE telegram where I will respond to questions on the course and give early access: https://t.me/joinchat/AAAAAE2DBBq_6_MkS6bXSQ
-Be proactive and take notes
-Join my FREE telegram where I will respond to questions on the course and give early access: https://t.me/joinchat/AAAAAE2DBBq_6_MkS6bXSQ
8/ How to make the most of this holiday course?
-Read around the topics I teach, go above and beyond
-Immerse yourself in the market and the charts. Join 7000+ traders and investors staying up to date with the markets through my FREE newsletter: https://koroushak.substack.com/subscribe
-Read around the topics I teach, go above and beyond
-Immerse yourself in the market and the charts. Join 7000+ traders and investors staying up to date with the markets through my FREE newsletter: https://koroushak.substack.com/subscribe
9/ Goals when learning technical analysis?
Create a consistent and personal framework for analysing the market.
I will expand on both these concepts.
Consistent
Personal
Analysis framework
Create a consistent and personal framework for analysing the market.
I will expand on both these concepts.
Consistent
Personal
Analysis framework
10/ Consistent
If you aren't consistent your past data has no meaning.
If you win 8 trades in a row using 8 different technical analysis strategies what have you learned?
Consistency is essential here.
If you aren't consistent your past data has no meaning.
If you win 8 trades in a row using 8 different technical analysis strategies what have you learned?
Consistency is essential here.
11/ Personal
The personal part is really important.
You need to believe in your strategy, so you can stand behind it when things get rough.
It also needs to be suited to your personality, find the strategies that fit you best.
The personal part is really important.
You need to believe in your strategy, so you can stand behind it when things get rough.
It also needs to be suited to your personality, find the strategies that fit you best.
12/ Analysis Framework
The framework you use to analyse the markets and what gives you consistency. The primary tools you use to analyze the markets usually accompanied by a set of rules and guidelines.
The framework you use to analyse the markets and what gives you consistency. The primary tools you use to analyze the markets usually accompanied by a set of rules and guidelines.
13/ My Analysis Framework
These are the primary tools of my framework.
Technical
-Support and Resistance
-Moving Averages
-Fibonacci
Non-Technical
-Fundamental analysis
-Market sentiment
-Discretion
These are the primary tools of my framework.
Technical
-Support and Resistance
-Moving Averages
-Fibonacci
Non-Technical
-Fundamental analysis
-Market sentiment
-Discretion
14/ Homework
-Make notes and a commitment to study this thoroughly over the holidays.
-Set up your TradingView
-Make notes and a commitment to study this thoroughly over the holidays.
-Set up your TradingView
That's all for lesson 1 
There'll be much more to come, next we'll cover Candlestick Analysis.
Please share to help others.
Hope you enjoyed it.
There'll be much more to come, next we'll cover Candlestick Analysis.
Please share to help others.
Hope you enjoyed it.
