Certified Financial Technician
Transcription
Certified Financial Technician
Certified Financial Technician CFTe 1 What is Technical Analysis? What is Technical Analysis? Technical Analysis is a very important science as it deals with crowd psychology, demand and supply, and teaches investors and traders how to have discipline when they approach the markets. The main advantage of technical analysis is that it can be used in all market circumstances. Given the proper knowledge, experience, and discipline, an investor can deal with different market situations. Technical Analysis teaches investors and traders how to control their risk. Risk is the most important element in this field, and technical analysis approaches this matter professionally. From more than 100 year the technical analysis science is recognized worldwide especially in Europe, America and Asia stock exchanges. Unfortunately Technical Analysis did not spread in the MENA region as it should be as it has only started 15 years ago in Egypt The International Federation of Technical Analysts was established in the 1980’s. The original members were the Nippon Technical Analysts Association, the Market Technicians Association, the UK Society of Technical Analysts, the Technical Security Analysts Society of San Francisco and the Canadian Society of Technical Analysts. IFTA was incorporated in the state of Delaware, USA on January 22, 1986; as a not-for-profit organization to foster education and collaboration amongst technical analysis societies and associations around the world. The first IFTA conference was held in Tokyo in late 1988. This provided an excellent forum for the exchange of ideas on the subject of technical analysis and its success was followed by a second Conference in London in October 1989. Since then IFTA has held an annual conference in different locations throughout the world. The Technical Analysis VERSUS The Fundamental Analysis Technical Analysis preparation Program Technical Analysis studies: Fundamental Analysis studies: Study of market action through the use of charts. Studies the relevant factors affecting the share price of a specific company in order to conclude the intrinsic value of that share. Studies the effect of the market movement. Studies the cause of market movement. Provides timing. Due to the tremendous amount of data most fundamental analysts are specialized The preparation of CFTe level 1 requires 60 to 90 hours of studying. And because classroom training adds great boost to the learning process, the preparation program was designed to be delivered in 40 hours in 7 sessions. These sessions are delivered in different modes and pace to match the interest and time schedule of the potential candidates. 6,900+ Member Colleagues Worldwide A technician can concentrate on many markets and many trading areas as desired. Program outline 1,550+ Certified Finincial Techniciana (CFTE) Session 1 What is Technical Analysis, Philosophy of Technical Analysis? Premises of Technical Analysis. 107 Master of Finincial Technical Analysis (MFTA) Crowd psychology, brain of the crowd. Discipline and rules of protection. The Technical approach Vs the fundamental approach. Criticisms of Technical Analysis. Chart construction. The Dow Theory. The Random Walk theory. Session 2 Trends and how to identify them. The importance of time dimension when identifying market trends. Investment bankers Capital Markets Professionals Wealth Managers Financial Advisors Banks Account Managers Financial Analysts Investors Brokers Business & Finance Instructors Business Students Session 3 Breakout beyond support and resistance levels and how to deal with such situations. How to invest when a major trend is underway, the decision making process. Discipline when dealing with the concept of support and resistance. Trend reversals and when to take a decision based on the different time dimensions. Major versus minor support and resistance levels. The reversal of role phenomenon. Linear versus log scales. Volume and open interest concept. Support and resistance concepts. Identifying Trend lines and Channels. How to identify stronger support and resistance ranges. Who should attend this program? How to trade using trendlines. When “not” to use trendline. Price patterns, definition • Broadening formations and diamonds Reversal Price Patterns Short-term versus long-term price patterns • Head and Shoulders. • Inverted head and shoulders. • Double tops and double bottoms. • Triple tops and triple bottoms. • Saucer formation. Continuation Price Patterns • Triangles and how to identify them. • Rectangles. • Flags and pennants. • Wedges. www.scatc.sca.ae Gaps and when do they appear • Breakaway gaps • Continuation gaps • Exhaustion gaps • Island reversal • Common gaps How to trade the gaps, and their importance when they appear at the peaks and bottoms of important reversal patterns? Program outline Session 4 Indicators and their importance. Leading versus lagging indicators. The logic behind the mathematics. Moving Averages and their importance. • Simple moving averages. • Weighted moving averages. • Exponential moving averages. The importance of time dimensions when using moving averages; the long-term versus short-term moving averages dilemma. Bollinger Bands and Envelopes. Oscillators; definition and importance: • The momentum indicator and ROC. • The MACD indicator. • The stochastic oscillator. • The RSI. • William’s % R. • Pring momentum oscillators. • Commodity Channel Index. Other indicators: • Parabolic SAR. • The Directional Movement Index: ADX, +DI, -DI. Volume Indicators • On Balance Volume. • Accumulation/Distribution. • Money Flow Index. The importance and the psychology behind divergences Revisiting the importance of discipline when investing in the financial field Session 5 Session 6 Elliot waves. • The basic tenets of the Elliott Wave Principle. • The motive waves and the Corrective waves. • The rule of alternation. • Wave personality (impulses and correctives). • Fibonacci ratios and retracements. Time Cycles • Cyclic concept. • Amplitude, Length, Phase, Harmonicity and Synchronicity. • Left and right translation. • How to isolate cycles. • Seasonal Cycles. • Combining Cycles with other Technical tools. Breadth Indicators: • A-D line. • McClellan Oscillator. • Summation Index. • TRIN. • Chande breadth indicators. • Advancing vs. Declining volume. • New high-new lows index. Sentiment indicators • Bullish consensus indicators and market Vane. • Short interest ratio. • Debt interest ratio. • Mutual Funds cash/asset ratio. • Other sentiment indicators. Session 7 Candlesticks charting techniques • One Candlestick reversal formations. • Two candlesticks reversal formations. • More than two candlesticks reversal formations. • Candlesticks continuation formations. Point and Figure Charting Techniques Relative Strength Analysis and its importance About CFTe1 exam: This multiple-choice exam consists of 120 questions covering a wide range of technical knowledge, but usually not involving actual experience. This exam is offered in English, French, Italian, German, Spanish, and Arabic, yearround, at testing centers throughout the world through Pearson VUE, IFTA’s computer-based testing provider. What are the course dates and timing? Full day courses start from 8:00 am and ends at 4:00 pm. Evening classes usually start at 4:00 pm and finish at 8:00 pm. Preparation classes are intensive, and so participants are expected to demonstrate the highest level of punctuality and dedication. How much does the course cost? The course fees are AED 5000 inclusive of tuition fees and essential study material. However, additional learning tools, memberships and exam fees are paid separately in favor of the qualification/accreditation body of the certificate. UAE nationals may avail to discounts or waiver, subject to availability. For information about the offered classes please contact the Securities & Commodities Training Centre (SCATC) at [email protected] or 800SCAUAE(722823) www.scatc.sca.ae Course CFTe1 Preparation Language Arabic Dates 28th of May- 4th of June Venue Securities & Commodities Authority Training Hall, Abu Dhabi Expert trainer Mr. Mohamed Ashraf, Vice President of the International Federation of Technical Analysts IFTA Afternoon Sessions: 28 & 31 of May : 3:30 PM - 9:00 PM st nd rd th 1 ,2 , 3 , 4 of June: 3:30 PM - 9:00 PM th Timings & Schedule (40 Learning Hours) Fees Estimated Learning Hours st Weekend Sessions: Friday 29th of May: 2:00 PM 7:00 PM th Saturday 30 of May: 10:00 PM 7:30 PM AED 5000 Per participant 4.5 X 2 4.5 X 4 4.5 8.5 40 hours