Trading and the Psychology of Trading
This is a certifiable course provided that students obtain 80% or plus in the three quizzes.
This course has three sections:
The first 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 second 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.
- Lectures 6
- Quizzes 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 0
- Certificate No
- Assessments Yes