In today's world, day trading is becoming increasingly popular especially in the volatile job market. Anyone can earn 30% return in a month on his capital through day trading and that too from home. But 70% of the starters fail due to lack of knowledge. No one needs to be an expert in technical analysis to succeed in day trading but everyone should know some working techniques.
A professional day trader uses some interesting and useful techniques in their trading. I also fall in the same category being a whole time trader for more than 8 years in Indian stock market.
In this course, I have demonstrated some very easy and effective trading techniques for the newcomers in day trading. These techniques are very useful and quite easy to follow. Anyone can be a successful day trader by using these simple methods.
This course features variety of trading examples which is very useful as learning accelerators. Whether you are a novice student or an intermediate investor or an advanced trader, this course can surely boost you up and can take you to the next level.
The goal of this course is to enable people to be self-sufficient in day trading.
What you are getting from this course?
This lecture will inform you about the types of traders and the basic requirement of starting day trading.
After this lesson, students will be able to know that which strategies he should follow while doing day trading. This is the part I of day trading strategies.
After completion of this lecture, students will know which strategies one should follow to continue his profitable trades .
This lesson will guide the traders to choose the correct type of charts for his day trading.
This lesson will guide the students to identify correct trends while trading.
After completion of this lecture, students will know what is the importance of support and resistance. It will also give basic knowledge on channels. Afterwards, there is a case study on channel trading.
This is exercise for your practice purpose and one video showing " How to draw trendline and channels " is attached with this . To download that video, go to reference material/resources section.
These quizzes will be based on basic concept of technical analysis.
Fibonacci ratio is very important in determining the support/resistance levels in a security price chart. After the completion of this lecture, students will be able to identify the support/resistance levels through the Fibonacci retracement scales. It will also show how to project price through the Fibonacci projection scale.
There is a video showing "how to draw Fibonacci retracement scale " is attached with this lecture.
This lecture will show some important candlestick formations,like - Marubozu brothers , Doji and their importance while doing trading.
After the completion of this lecture, students will be able to identify some important candlestick position in the price chart.
After this lecture, students will be able to identify some basic candlestick continuation patterns in the price chart.
This lecture will guide the students where the trends can be reversed and where to take long or short positions in trading.
These quizzes will be based on the lectures provided in this section only.
This lecture will demonstrate on moving average i.e. what is moving average and how to use moving average while trading and one exercise sheet is attached with this lecture.
After the completion of this lecture, students will be able to use MACD in an effective way for his trading and one exercise sheet is attached with this lecture for your practice purpose.
Like MACD, this lecture is on stochastic oscillator. This lecture will give the basic information on this indicator and will show the effective usage of it and one exercise sheet is attached with this lecture for your practice purpose.
After the completion of this lecture, students will be able to earn profits from RSI divergences with the price chart and one exercise sheet is attached with this lecture for your practice purpose.
These quizzes are based on the technical indicators
Here are some important points have been mentioned on the case studies, like:- which software has been used for analysis purpose, which types of charts have used, how calculations have been done, etc.
This lecture will show how to do channel trading in a profitable manner. This is very easy to follow and anyone can do this with little practice.
This lecture will demonstrate on how to gain profits from some basic candlestick patterns and how to decide the exit level with the help of Fibonacci scales.
This lecture will guide you in earning profits from RSI divergences with the security intraday price chart.
Like RSI,any trader can make good profit from MACD divergences also. This lecture will show you how to do this.
Moonmoon Biswas is an Equity research analyst . She has more than 9 years of experience in this field. She has proven track record in the field of Technical analysis and the Fundamental analysis.
From the educational background, She is an MBA-Finance with CFA (India). She has work experience in the leading broking houses in India and has also in hand experience in Australian Security Market.
She has her own equity research firm and currently also engaged in internet marketing.