Trading for Beginners - Intermediate Level
4.5 (59 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Trading for Beginners - Intermediate Level

Learn to trade and analyze the stock, forex, and futures markets. Trading for Beginners teaches you the fundamentals!
4.5 (59 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
4,284 students enrolled
Last updated 11/2016
English
Curiosity Sale
Current price: $10 Original price: $150 Discount: 93% off
30-Day Money-Back Guarantee
Includes:
  • 5 hours on-demand video
  • 19 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Describe why trades happen
  • Understand market mechanics
  • Use the language of the markets
  • Understand how and why orders are filled
  • Understand ways to analyze the markets
  • Use Technical Analysis to analyze market action
  • Use Fundamental Analysis and government statistics to paint a broad picture of market dynamics
View Curriculum
Requirements
  • No prior knowledge of the markets, trading, or financial analysis is required. We start with the basics and build on them.
  • We do recommend keeping a pen and some paper handy in case you want to jot down some notes, but it is not required.
  • All you need is an open mind to new concepts and to thinking of the ways the market works!
Description

Welcome to Trading for Beginners - Intermediate Level.  In Trading for Beginners, we take you through establishing a solid foundation of market fundamentals, teaching you what the market really is and why trades really happen.  The fundamentals you'll learn in this course can be applied to all types of financial trading and investing including stock trading, forex trading, commodities trading, and futures trading.  We equip you with a lexicon of market terminology, an understanding of Risk, and an ability to analyze the markets using both Fundamental and Technical analysis.  We conclude the course with live trading examples.  The material is presented to you through lectures, video, and cartoons to help make the more complex topics approachable.  Whether you're interested in short-term trading or longer-term investing, Trading for Beginners sets the stage for you to take it to the next level.

This course is for complete beginners - seriously.  We build on foundational concepts and terminology before introducing meaningful analysis.  We also include sample exercises to help you practice your skills.  All you need is an open mind to some new ways of looking at your charts.

Here's a few of our recent 5-star reviews from our Entry and Intermediate Level courses:

  • Its a great way to learn a complicated subject. Don't be fooled by the friendly presentation -this is some real information and it gently introduces you to real world tools, definitions, and concepts all through a couple of cute cartoon twins - Bill and Phil! Good job and thank you!  - Frank Silvestrini
  • I've learnt pieces about financial markets and trading here and there, and thus I find this course is very structured and helpful in understanding some of the most important basic concepts. For those who wanted a fast-paced course, this course isn't for you. But if you're looking for a course that is crystal clear and help you in understanding the overall (and difficult) concept(s) of trading, then this course is made just for you. - Cipta Jaya
  • I gave it 5 stars because the teacher presented the material as if we were having a casual conversation. I didn't feel like I was in a boring classroom. Also, his inclusion of graphics, quizzes, real life trading replay exercises into the course put flesh on these concepts. In addition, the teacher's humble approach and honesty about the realities of trading was very much appreciated and a breathe of fresh air. I thought his balanced style of teaching was like an island in a sea of hyped up promises. - JJR John R
  • This course is an excellent introduction to markets and trading. It offers clear and concise explanations of the basic concepts that underlie how markets operate, and how trading is conducted. This is done through the use of informative, and engaging graphics employed throughout the lectures, which augment the winsome manner in which the instructor presents the material. - Michael Banka
  • This was an Excellent beginner introduction to the topic. I'm not entirely new, but still a novice and still got information out of this that I didn't realize and it helped make a few connections for me. Thank you.  - Jacob Herrera
  • The content was well thought out and easy to understand for a beginner like me. Tyler was engaging and the animations keeps you interested. A++ - Ron Arayata
  • Amazing instructor explaining in simple terms a confusing topic like Trading. For the first time, I was comfortable with the industry language terminology often used by trade professionals. Looking forward to more courses. - Foster Smith
  • Clearly explained. Can really be understand by a newbie trader. Thank you. - Florie Thiong

As with all my courses:

  • Udemy courses have unlimited, lifetime access, at no extra costs - ever!
  • All additional content is and always will be absolutely free
  • Udemy has a no questions-asked, full 30 day money-back guarantee
  • We're here to help answer your questions.  We usually respond same day, but if you give us a day or two, we'll be sure to have an answer.

This is a course that will continue to grow.  Sign up today!

Who is the target audience?
  • Students desiring an overview of market dynamics and market analysis
  • Students looking for a refresher on the basics of establishing a trading plan
  • Students advanced beyond the basics should not take this course
Students Who Viewed This Course Also Viewed
Curriculum For This Course
39 Lectures
04:53:31
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Disclaimer
1 Lecture 02:20

Here's our Risk Disclosure statement and our Disclaimer.  Please take the time to view them and read them.  They really are important.

Preview 02:20
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Introduction
1 Lecture 00:40

Here's our Risk Disclosure statement and our Disclaimer.  Please take the time to view them and read them.  They really are important.

Preview 00:40
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Market Basics
5 Lectures 24:44

The marketplace can be a mysterious place.  In this lesson, we take the mystery out of the market and give you the tools to understand what the basis of every market transaction really is.

Preview 06:04

Well, just who are the market participants that you'll be seeing every time you engage with the markets?  Believe it or not, we can break market activity in to several groups.  In this lesson, we develop an understanding of who's in the market, why they're there, and we go in to some depth on the different types of speculators

What type of participant will you be?

Preview 05:01

Ever wonder where all this trading takes place?  In this lesson we break that question down for foreign exchange markets, futures markets, and the US stock markets.

What Venues Exist for Trading?
07:00

This is  quick lesson attempting to re-emphasize one the most important point in why a trade actually happens.

Why Does a Trade Happen?
02:06

Long or Short?  What exactly do we mean by each?  This lesson breaks down the lingo so you can easily understand it.

Long vs. Short
04:33

Quiz - Market Basics
5 questions
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Market Data and Terminology
8 Lectures 59:01

We've learned the basics of the marketplace, now let's get you speaking the language of the markets.  We cover the fundamentals in this lesson on the Bid price, the Ask price, and the Spread.  Phil and Bill are back for another instructional lesson and we get to look at a live market trading window.

Bid and Ask Prices
07:56

We start to dig in to orders beginning here with one of the two most basic of orders - the Market Order.  While a basic order type, it underpins nearly all other advanced order types, so understanding its importance, its mechanics, and its risks is vitally important to establishing a sound foundation in the fundamentals.

Market Orders
04:34

Next up is the most basic of orders - the Limit Order.  Between Limit Orders and Market Orders, nearly all others are some combination or repackaging of these two.  Without a solid grasp of Limit Orders, you'll struggle in later lessons.  Enjoy!

Limit Orders
04:10

Stop orders takes the concepts of Market and Limit orders to the next level.  Actually, Stop Orders aren't really orders at all.  This lesson unpacks why that is and why you want to use them.

Stop Orders
11:12

With Brackets, you'll start to see how we can use each of the concepts learned before - a little like building blocks to construct a more full approach to entry and exit of the market.

Bracketing
06:53

With so many different participants swinging different size in the market, how does the exchange keep track of it all?  This lesson dives deep in to the How and Why of price discovery mechanisms.

Time and Price Priority
10:04

Our last lesson in this section, we conclude with several examples for you to follow along with to help solidify your understanding of price discovery and how different exchanges use different methods.

How Are Orders Filled?
12:27

We covered a lot of ground in this section, let's take minute or two to sum it up before moving on to the quiz.

Section Recap
01:45

Quiz - Market Data and Terminology
5 questions
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Risk
4 Lectures 34:35

With trading, there are risks with everything.  This lesson begins to develop your understanding of many of the different types of risks you may want to consider in your analysis.

Definition of Risk
06:36

This lesson begins to focus in on how to employ risk in your trading calculations and their potential outcomes.  The conclusions drawn from this lecture will hopefully stay with you for a long time.

How Do We Calculate Risk?
11:56

Have you wondered why some disclosure statements say you can lose more than you put in to the market?  This lesson shows you several examples (but by no means all examples) of just how this can happen.  We explore the world of Kurtosis - don't worry we don't derive the formula - do drive the discussion.

Typical High-Risk Events
08:46

This lesson builds on the concept of Kurtosis and how several of the large market moving events of the past 30 years demonstrate that market returns and normal distributions are poor approximations of each other.

High Risk Events in History
07:17

Quiz - Risk
5 questions
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Charting Basics
2 Lectures 15:08

Timeframes are one of the fundamental building blocks of chart development.  In this lesson we should you just how raw market data looks coming to our terminal before using it to build differing periodicities.

Timeframes
06:49

Charts are a terrific way to visualize the market.  In this lesson, we go in to how to construct charts, why they're used, and give plenty of examples for you to get started!

Types of Charts
08:19

Quiz - Charting Basics
5 questions
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Analyzing the Market
2 Lectures 15:43

We begin our market analysis segment with Fundamental Analysis.  Fundamental Analysis is a tried and true way to search for under-valued or over-valued securities and can be used to form trading hypothesis derived from your analysis.  It can be time consuming and is generally industry-specific, but that shouldn't dissuade you from using it.  This lesson gives a great overview of what Fundamental Analysis is and why you might use it in your trading.

Fundamental Analysis
07:40

Technical Analysis is the second large segment of Market Analysis that we'll cover.  This lesson gives an overview what Technical Analysis is and what assumptions underpin its use.  Technical Analysis is a very broad topic that we'll cover further in later Sections of the course.

Technical Analysis
08:03
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Fundamental Analysis
3 Lectures 24:09
Economic Calendar
03:31

News reports can be funny.  Sometimes they're planned, sometimes they're unplanned.  Not all of them need to be taken in to your trading analysis, but some do.  How do you discern what you need from what you don't need?

News Reports
06:42

This lesson explores government statistics like Gross Domestic Product, Inflation, Jobs data, and though not part of the government, the Federal Reserve Federal Funds Rate.  This may be pretty dry stuff, but it should help you paint a picture of the broader economic landscape.

Government Reports
13:56

Quiz - Fundamental Analysis
6 questions
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Technical Analysis
9 Lectures 01:07:58

Entire courses can be dedicated to the study of Technical Analysis - and we'll be developing one for you very soon.  In this course for beginners, we'll be able to give you the basics of Technical Analysis starting with the fundamentals and moving our way to several examples of indicators.

Keep an eye out for our full Udemy Course on Technical Analysis!

How Much Can We Provide in this Section?
01:37

Consolidation and Distribution are opposing market forces that form the fundamentals of market action.  In this lesson, we dig in to what these look like in live markets along with an example from our buddy Bill.

Consolidation and Distribution
05:25

Price Action analysis is one side of the Technical Analysis coin.  The other side being indicators.  In this lesson we begin to develop our understanding of the Price Action and how it can be used to in the markets.  Caution:  subjectivity ahead.

Price Action
07:44

Indicators are a double-edged sword.  They can be extremely helpful, but also can give false hope of seeing in to the market's action.  In this lesson, we break down what indicators really are, show examples of the more popular indicator classifications, and give you some pointers on how to get started with them.

Indicators
08:27

Along with consolidation and distribution, trend is one of the fundamental building blocks of the market and in this lesson we develop your understanding of exactly what we mean by trend.

Trends
14:29

Building on what we learned about in the previous lesson, here we teach you a tried and true method for properly drawing trendlines and the minor extension of that - channels.  These are two tools you'll find yourself using very often.

Trendlines and Channels
13:24

Believe it or not, Chop and Trading Ranges are two entirely different things.  This lesson explains why.

Chop and Trading Ranges
06:05

Flags and Pennants.  Two very common Price Action patterns but with some key differences.  This lesson unpacks what those differences are.  We've included a few exercises for you to try as well.

Flag and Pennant Patterns
04:26

Multi-tops are classic Price Action patterns and this lesson introduces them to you.

Double and Triple Tops
06:21

Quiz - Technical Analysis
11 questions
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Putting It to Use - Trade Examples
4 Lectures 49:13

Finally, this is probably what you've been waiting for this entire course.  How do you construct a trade?  In this lesson, we give you our 4-step process to document your intentions before getting in to a trade.

Construction of a Trade
11:23

This example using live market-replay data, develops further the idea of selling weakness and shows a trade selling a lower low.

Live Market-Replay Example - Selling a Lower Low
12:21

Our next example of trading took some patience to get it right.  Here, we analyze a recent move in the gold market and trade accordingly.

Live Market-Replay Example - Flag Pattern Breakout
15:28

In this example from the crude oil market, we look to trade in to a developing trend channel but need to alter our original work some as the market tightens.  It's a good example of how the market challenges you on a regular basis.

Live Market-Replay Example - Trading Channel Boundary
10:01

Quiz - Putting it to Use
5 questions
About the Instructor
Tyler Krol
4.2 Average rating
402 Reviews
9,811 Students
2 Courses
Biochemical Engineer and Futures Trader

My name is Tyler Krol and I'm thrilled you're reading this!

I want you to be confident I can deliver the best training out there for you, so here's some of my background.

I'm a biochemical engineer and have worked for Fortune 50 biotechnology companies in many fields over 15 years including systems and process design, statistical analysis, and operations.  My love for science and numbers led me to the markets.  Since 2006, I have been involved in the financial markets and I really enjoy trading, algorithm development, indicator script develop, and so much more.

Summary

To cap it off, my love of rigorous analysis, hard numbers, and the markets makes me an impassioned instructor and I want to share my knowledge of the stock, forex, and commodities markets with you!

Hashtag Investing
4.2 Average rating
402 Reviews
9,811 Students
2 Courses
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