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Trading with Indicators

Learn how to use technical indicators to trade and analyze financial markets in this free online course.

Publisher: My Trading Skills
This free online course will show you what technical indicators are and how they're used. You will be shown the importance of trading indicators and how to use a blend of trading indicators and time frames. Learners will gain an understanding of how to select the best trading indicators when trading regardless of the trading strategy to be implemented. Also, you will be taught the formulas that are at the heart of a technical trader’s toolkit.
Trading with Indicators
  • Duration

    3-4 Hours
  • Students

    1,134
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

Technical indicators are an important tool for all technical analysts. Do you know what a moving average indicator is or why it is important for analysing the market? In this course, you will be introduced to the concept of moving averages. You will be shown the moving average indicator, what it is used for and how to set up your charts to get the most from it. You will be taught how to implement the two common moving average indicators which are Simple Moving Averages (SMA) and Exponential Moving Average (EMA). You will be shown how the moving average indicators react to price and how they can be used as trade signals. This course also goes on to discuss Moving Average Convergence Divergence (MACD). You will learn how traders use the MACD indicator to develop valuable insights into price momentum. You will be shown MACD on a chart, how MACD reacts to price change and how traders use the indicator to extract valuable clues about the market. Furthermore, you will be shown the limitations of MACD.

You will be introduced to the Parabolic SAR indicator developed by J. Welles Wilder and how it can be used to determine the direction that an asset is moving. Also, you will learn about the Bollinger Bands technical analysis tool developed by John Bollinger and how this indicator can be correctly applied to improve trading performance. You will be taught the concept of Bollinger Band deviation pinching and how it can be interpreted on a chart. Furthermore, you will be introduced to the Stochastic indicator and how to set it up correctly. This course goes on to show what the Stochastic indicator measures in a trade, when to use and when not to use the Stochastic indicator. You will be taught the concept of overbought vs oversold and %K and %D line crossovers. In addition, learners will gain an understanding of what divergence is and the limitations of the Stochastic indicator.

Lastly, you will learn about the Relative Strength Index (RSI) indicator and how to set it up correctly. You will be taught how to use RSI to supercharge analysis. The golden ratio is everywhere in nature, from DNA through to the proportions of galaxies. This course will show you how it extends to trading by introducing learners to the concept of Fibonacci in trading and how you can apply Fibonacci to a chart. Furthermore, you will learn how pivot points are used in technical trading to analyze support and resistance areas. You will be taught what pivot points are, what they tell you, the strengths and weaknesses of pivot points. This course is suitable for new traders. For this course, learners need to have basic fluency with computers. More so, this course is important for learners who want to have the knowledge and skill of Forex trading.

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