India
This Course is Expired

Programme in Technical Analysis for Forex Dealers

This programme with a comprehensive and in-depth coverage of the methodology of modern technical analysis.
Dr Smita Roy Trivedi, Programme Coordinator,E-mail : smita@nibmindia.org , Telephone : 0091-20-26716000 (EPABX), 26716252 (Direct)
(020) 26716000
INR 35,443

Course at a Glance

Mode of learning : Short programs-ClassRoom

Domain / Subject : Banking & Finance / Accounting

Function : Marketing

Trainer name : Dr Smita Roy Trivedi

Starts on : 19th Aug 2014

Duration : 5 Days

Difficulty : Advanced

Programme in Technical Analysis for Forex Dealers

The forex market, globally seen as the largest financial market, has reported a turnover of $ 5.3 trillion a day according to the 2013 BIS (Bank of International Settlements) triennial Report. There has been a phenomenal growth of foreign exchange markets in the last three decades, helped by improvements in telecommunications and a move towards flexible exchange rate regimes worldwide. This growth is contributed by an increasing activity of banks and financial institution in forex markets globally and an increased participation from the retail segment. 
However, proprietary trading has become increasingly challenging, given the volatility of exchange rates worldwide. The movement of emerging markets currencies in the past one year has once again shown that exchange rates remain difficult to forecast, given the complexity of fundamental factors impacting them. In this situation, traders are supplementing technical analysis with fundamental analysis, especially in foreign exchange markets, to make informed decisions based on study of available information. Technical analysis is basically the study of market action, mostly through use of charts, for forecasting future price trends (Murphy, 1999). As opposed to fundamental analysts who are concerned over the causes of market movement, technical analysts are concerned with the impact on market movement. Technical analysis remains very popular with currency traders, given its adaptability to any trading medium and time dimension.

Programme Fee (per participant) 

  • US $ 2000 for foreign participant 
  • Mem. Banks : Fee: 31544 ST: 3899 Fee+ST: 35443 TDS: 3154 
  • Non-Mem. Banks : Fee: 37177 ST: 4595 Fee+ST: 41772 TDS: 3718 
  • An early bird incentive of 5% will be given if registered 15 days before the start of the Programme

Course eligibility

Target Audience

  • The Programme is intended for forex dealers and managers. No prior knowledge is assumed.
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Course Contents

  • Essential Background Information 
    • Historical perspectives and markets 
    • Dow Theory 
    • Basic principles and definitions 
    • Technical vs. fundamental analysis 
    • Using fundamental analysis and fundamental forecasting: Case studies 
  • Mechanics of Charting 
    • The use of live data 
    • Analysis vs. time scale 
    • The range of charts: (a) Line charts; (b) Point and figure charts; (c) Bar-charts and (d) Japanese candlesticks 
  • The Concept of Trend 
    • Definition of trend 
    • Direction and classification 
    • Support and resistance 
    • Targets, retracements, reversals, channels and gaps 
  • Major Reversal and Continuation Patterns 
    • Head and Shoulders and inverse head and shoulders 
    • Complex head and Shoulders 
    • Triple top and bottoms 
    • Double top and bottoms 
    • Triangles: Symmetrical, Ascending and descending 
    • Flags and Pennants 
    • Continuation heads and shoulders pattern 
  • Moving Averages – Uses and Applications 
    • Why use moving averages? 
    • Moving average envelopes 
    • Bollinger bands and using them as targets 
  •   Oscillators 
    • Measuring momentum 
    • Measuring Rate of Change (ROC) 
    • Relative Strength Index 
    • Stochastics 
  • Japanese Candlesticks 
    • Why use candlestick charts? 
    • Pattern recognition "Magic Doji", "Morning star", etc. 
    • Reversal and continuation patterns 
    • Comparing candlesticks with western technical analysis 
  • Elliott Wave Techniques 
    • Impulse waves 
    • Correction waves 
    • Rule of alternation 
    • Fibonacci numbers 
  • Interbank dealing room risk management 
  • Trading Psychology and Margin Management

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