Existing Market Participants as well as MBA Finance Students
Trading is religion for many, profit is God and their own trading discipline and trading tools are means to pay reverence to God.
Understanding of trading methodology, its practice and end results cannot be compromised. The direct costs as well as the opportunity costs are too high.
While successful traders swear by their own rules, it is important that you have your own trading rules that work for your own situation, temperament, and risk-taking ability. However, while developing own set of trading rules is a medium to long term process that may take from 3 to 5 years, you can learn from the trading rules and tools of successful traders and what works for them and what doesn’t work.
FMLI brings you a unique Certification Program on Trading Psychology, Engineering & Technical Analysis that combines the power of all three to make you a professional trader with a mindset that separates you from a wannabe. Admittedly, this program should run for a full year, but given the time constraints we have tried to pack in things for you in two months that others could take a year to deliver.
How you are trained to look at trading, profits and especially loss goes a long way in building your temperament as a trader. I have met many traders who take in profit of millions and then proceed to canteen to eat their lunch box as if nothing special happened & it’s a routine day at work. Their behavior wouldn’t change if they lost a million on a bad day.
Knowledge of trading tools is important but counts for nothing if you cannot apply them on days when market is in stress or euphoria. Having the right trading psychology, mental tenacity and knowledge of trading tools counts in such days. It happens only two or three times a year but you got to be ready for the days it happen. Traders need to be groomed and conditioned to think and act professionally and not get distracted by their emotions. Once you are able to extract the information within your own emotions, cognition and behavior, you will be better equipped to identify and exploit the patters that appear in Financial Markets.
Managing good days is important. Managing bad days is more important. Your performance on these days will separate you professionally from other wannabes. And yes, will also be responsible for biggest bonuses you receive.
Reading the market properly is vital to forming your response and strategy.
Seasoned Market players play a lot of games with liquidity, bid, ask prices, spreads, volatility, show, hide and several other tools which are beyond analysis and comprehension of wannabe traders. To get to leadership levels, you need to be able to understand them and formulate your trading strategies accordingly. This is more important if you are an algorithmic trader and by the way, most of the orders that hit the exchange today globally and including India are algorithmic orders. If you are preparing yourself for trading tools without the knowledge of trading engineering, you are preparing for future with tools of 2011 and not 2021. This is a decade old strategy and not good for your career.
Those with engineering bend of mind and having ability to write basic code can use our Amibroker AFL (Amibroker Formula Language) licenses to write trading programs and algorithms to automate your trading and back testing your strategies.
Traders love technical analysis.
It gives them a good insight into what is happening in the markets and tools tell them what to do next. They key thing here is that most professional traders use these same tools so inferior understanding of these tools, you will not take you anywhere. Always remember that market is a zero-sum game. The only way to win is outsmarting your counterparty when your counterparty is taking bets against you. You can only achieve this when you know these tools BETTER than your counterparties.
FMLI equips you not only with knowledge of right kinds of tools and the ability to interpret and use them, we also combine the usage of these tools in context of prevailing market mechanics and train you how to think like a true, professional trader.
We cover a lot of trend determining techniques, reading price, volumes and Technical tools.
The tools that we cover (not all tools are covered here) –
· On-Balance Volume.
· Accumulation/Distribution Line.
· Average Directional Index.
· Aroon Indicator.
· Moving average (MA)
· Elliot Wave Theory
· Relative Strength Index.
· Stochastic Oscillator
· Exponential moving average (EMA)
· Bollinger bands
· Fibonacci retracement
· Candlestick Charting
· Standard deviation
· Average directional index
Advanced Technical Analysis
· Use of Advanced Tools
· Practical Identification of Cycles
· Indicators & Relationships of Market Confidence
· Candlestick Charting – Advanced
· Advanced analysis and implementation of a lot of tools of Level 1
· Concurrent reading of tools
· Contrary opinion & Technical Analysis
. Time – Cycles & Seasonal Patterns
Duration depends on modules selected within Trading Engineering & Technical Analysis. Lectures are delivered online as well as in class depending upon the option chosen. The online lectures are NOT prerecorded lectures. Discussion is tailored depending on participants grasp of subject matter and doubts are clarified immediately. True learning happens when participants participate in questions raised by other participants and understand solutions.
Yes, this is a certification program. Certificates will be allotted to students after completion of this program. Two certificates for those who complete the two month program.
Participants going through this course can expect to get placed in Brokerage Houses, Banks, Hedge Funds, Mutual Funds, Primary Dealers, FX Dealers, Treasury dealers and other Financial Institutions.
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