Basics of technical analysis - free online course
Course overview
Description
Technical analysis can help you make sense of the way investor behaviour drives market prices. In this course we show you how to start using charts to forecast which way a market might move – helping you spot potential trading opportunities.
You’ll get to know the different types of chart available and how they work. And you’ll learn to identify some key chart patterns and understand their implications.
We’ll also introduce you to some of the most popular technical indicators – tools you can use to derive trading signals from market price data – and show you how to apply them.
Time
Level
Benefits
Lessons
-
1
Introduction to technical analysis
3 min -
2
Types of charts
6 min -
3
Support and resistance
4 min -
4
Breakouts and fakeouts
4 min -
5
Trends and channels
4 min -
6
Basic chart patterns: part one
5 min -
7
Basic chart patterns: part two
6 min -
8
Candlestick patterns
7 min -
9
Moving averages
5 min -
10
Using moving averages
6 min -
11
Choosing your analysis tools
5 min -
Quiz
10 questions
Example lesson: understanding support and resistance
In this course you’ll find exercises, charts and illustrations demonstrating how technical analysis can highlight potential opportunities to go long or short. To give you a flavour of what to expect, here’s an extract explaining the concepts of support and resistance:
The lines marked 1 and 2 below each represent a support or resistance level. Which is which?
A. Line 1 is support, line 2 is resistance
B. Line 1 is resistance, line 2 is support
Answer is B.
Resistance is the ceiling that the price struggles to break through. Support is the floor where the price tends to stop declining.