Unit 1: INTRODUCCION AND PRESENTATION
The introduction and presentation are divided into two parts:
1. The Markets: There is an introduction to the financial markets so that you can learn the reasons why we trade in the NYSE and NASDAQ markets. This unit includes the advantages and disadvantages of trading in these markets, basic concepts and specifics of the markets, as well as applications, practices, and lots of points of interest.
2. Stocks: You will learn what stocks are, how to find them, what are the main parts of the stocks and how they are composed. We will describe in detail the key factors that influence a stock’s price.
Unit 2: STOCKS
At this point in the course, we focus on learning to read and interpret Level I, Level II, and time and sale. These are principles in every day trading strategy. We don’t only see a stock’s basic information in Level I, but we also see those that are interested in buying and selling at different prices in Level II and what they are trying to fulfill.
We also learn the types of ECN, or routes that exist in the market. We learn about the principles, characteristics, and utilization. Lastly in this unit we explain ways of market entry (LONG and SHORT), how to do it through the ECN and the pros and cons of adding and removing liquidity.
Unit 3: CHARTS
The key before introducing the technical analysis is to understand and interpret the different types of graphs. We should know the different parts of the candlestick and understand what it means. We will see the main trends, channeling, as well as support and resistance.
Unit 4: TECHNICAL ANALYSIS
This unit is very practical with real examples. To help your comprehension we divide the technical analysis unit into three parts.
1. Introduction and basic technical analysis concepts, principle graph figures, moveable average, oscillators, and the Elliot Wave Theory.
2. Introduction of the main technical indicator, tendency indicators, confirmation, buy/sell indicators for STOP and TAKE PROFIT. The gap, pullback and a combination of indicators.
3. Real examples of charts and technical analysis application
Unit 5: CAPITAL MANAGEMENT
This is a very important part of the course. In this unit you will learn to administer your capital. How does your capital management affect your daily risk per trade and your earnings? We will see why it is so important to have good capital management. We will also see what are the key factors in obtaining capital management, the techniques to do it and the common errors that we should avoid. There will also be a very practical session with real trading and capital management examples.
Unit 6: STRATEGIES
Here you will find the key strategies needed to day trade. You will also learn how to find a strategy that is best for you, not you conforming to a certain strategy. Finally, we will learn the necessary steps to design your own trading style.
Unit 7: THE PSYCHOLOGY OF TRADING
This is one of the most important things to understand about day trading. Psychology represents more than 50% of our trades. We will see the difference between a successful trader and new trader and the importance to have and complete a trading plan. We will also observe the daily preparation and personal statistics, such as a trader before the workday starts.
Unit 8: SOFTWARE AND BROKERS
This unit depends on which broker and software you choose to practice and work with. The majority of this unit is identifying the parts, configurations and software recommendations. We will also view the costs, earnings, and recommendations for the broker you choose.
We will give you an attachment of files and general class reviews that will help you to better understand the units taught.