NCFM Workbook on Technical Analysis – A must read!
Traders,
Review: NCFM (NSE’s certification on financial markets) workbook on Technical analysis
Price Discounts Everything !
Technical Analysis is the science or an art of forecasting the direction of prices through the study of past market data, primarily price and volume. Technical Analysts (TA) don’t question the information that can affect the price like a Fundamental Analyst but believe that price movements are not totally random, and prices move in trends. TA’s use charts to look at trends in the past and assume that prices will behave the same way as in the past under similar circumstances.
It is important that every beginner to intermediate trader follow and have a sound understanding of technical analysis, which would mean avoiding taking counter trend trades, one of the foremost reasons for amateurs blowing up their trading accounts.
A hidden gem for everyone looking to learn the basics of Technical Analysis, and available completely free on the NSE website is: NCFM workbook on Technical Analysis. The book starts of with an introduction to technical analysis and candlesticks just enough to not bore a beginner, goes onto pattern study like Head & Shoulder, Indicators and Oscillators like EMA and RSI, and introduction to Dow and Elliot wave theory. It also has a very interesting section on trading psychology, and risk management with introduction to concepts like Stop-loss and Risk Reward Ratio.
I would give this a 4.5/5 and would say is a must read for all beginner traders.
So before you spend another penny on a new book,make sure you download and read up the NCFM workbook on Technical Analysis.
Happy Learning,
Can any body tell me that if I qualify the ncfm technical analysis module can I introduce my self as technical analyst certified by sebi and share my view on stock?
Or I can add this tag as my designation.
Hi Nithin,
Can you please suggest good books for stocks for intermediate level? I am going through Intelligent Investor and i am enjoying a lot 🙂
Thanks,
Ajit
Check this: https://tradingqna.com/t/which-are-the-top-5-books-one-should-read-to-become-a-better-trader/200. Also suggest you to go through https://zerodha.com/varsity/
A big pain in just opening account customer care no is of no use Mr Kamat should himself call and see the customer care ,how to open a account with zerodha can any one resolve my problem
Sorry about this Gautam, having it checked.
Hi Can You Please Provide Download Link For NCFM Workbook On Fundamental Analysis?
Hello
Mr Nitin
Myself Roshan
21 year old
I have your NCFM PDF
Can you help me out how with cracking exam by giving details of examination mode and important question also mock practice of test
Where do I find the practicing of test ?
Please help me out
Warm regards
Roshan Sarukte
Hey Roshan, don’t have access to what you asked. Quite an easy exam it is, make sure to read it up well. Best.
sir i m also submit my all documents for open my trading and demat acount , my trading acount is open bt my demat acount is not open and i m not unable to nse and bse segment for trading so plese sir help m……
Equity segment has been enabled already.
Hi Nithin,
Just a small request, in both Kite and Pi as a technical tools we have only fibonacci retracement but we don’t have fibonacci extension… When can we expect the same in the technical tool..
Rahul, when you add fib extension on Kite, in setting you can set lines at over 100%. These are essentially fib extensions.
I have Zerodha a/c
I m holding BEL shares
I dint get offer for buy back, but I want to sell my holding as buy back to company.
How can i do so using my zerodha a/c
Please write to [email protected] and you ll get the required information.
& one more thing can i provide stock analysis tips professionally just by passing this small exam or in india one should have to pursue any mba economics degree for becoming a technical analyst. plz share the information i m serious in makibg my career in this field.
Thanks nithin. plz also suggest from where can i get hindi version of this technical analysis ncfm book. As nse refused and the downloaded were in english.
hmm.. I guess you have to enroll for NCFM, so you will have an option to receive the book in hindi
Thanks a Lot Mr. Nithin Kamath,
Hatsoff to you.
You have great art of writing.
Your blogs are easy to understand.
Great initiative learn and earn.
Keep educating us.
You should check out: http://zerodha.com/varsity/. Karthik is so much better 🙂
Greetings,
i have just joined zerodha.previously i was trading on ventura.i have also some experience with sharekhan & icici direct but comparatively zerodha is awsoooooomeeee.
since i am totally new to trading i except some experience,advise,knowdge from u.
Hi Nithin,
It’s really been great expirenc here at zerodha
Can u suggest some good books on advanced option strategies or advance derivative analysis
Tans a ton in advance
Rachit, have u seen the options module here: http://zerodha.com/varsity/
Oh yes Nithin, it was really helpful, but i would like to read more about options and advance option strategies and Futures & lot more
It would be great if you can suggest some good stuff to read.
Thanx
Check this link http://tradingqna.com/754/which-are-the-top-books-one-should-read-become-better-trader, has list of some really good books.
hi Nithin..
you have interviewed so many traders…based on that and as per your knowledge, which 2-3 books you would recommend for TA, money mgt. etc that must be read by the traders..
Check this http://zerodha.com/z-connect/zerodha-60-day-challenge/winners/mr-consistent-returning-incredible-returns, Madan has suggested some great books.
hi i want to gain some knowledge about mcx basemetal and energy for day trading can u pl suggest me some?
We will soon start building some commodity content on Varsity as well. Check this: http://zerodha.com/varsity/
Hi Nithin,
Thanks for your Reply.
Yep I had read about these strategies before also. Its very well explained in Layman terms in Zerodha Column. But I find them Extremely difficult to understand & work on them. Probably a Detailed study in future will help me (If I choose to trade in this manner). But directional movement is working better (with little risks also involved) as I understand Demand & Supply zones very well in certain Time Frames.
What you have mentioned is Extremely correct, It’s better to stick to what I enjoy the most & good at doing. I would love open an account with Zerodha also. I stay in Mumbai, are you people operational in Mumbai also ?
Thanks again for your Prompt Reply.
Shashi, We are online, so we are everywhere. 🙂 But yes, we have our sales partners in Mumbai who can help you get started with us. Our own team is also looking at setting up a sales team in Mumbai soon. Will get someone from our team to email you the account opening details.
Cheers,
Thank you Nithin !!
Hello Nitin Sir,
I am very much interested in Sales and want to start my career in sales domain.
Does zerodha prefers freshers or it hires experienced professionals only?
Hi Nithin,
I am very much impressed by people like you. I am also a Trader since last 2 years & enjoying my Trades on Nifty. I used to deal in Futures but since last 6 months now deal in only Nifty Options. I take Directional movements & mainly use Trail SL in almost all my Trades. Lot of my friends use Strategy planning in Options. I wanted to know your opinion about this ? Do you think Directional movement is Better or Strategy Hedging / Planning is better in Options ? Thanks !!
Shashi, I think it depends on what you understand better and are good at doing. Arbitrage or exotic option strategies, is not something that every person appreciates. This also requires a much higher level of understanding of options pricing, and access to advance tools. I’d say give a shot at reading this section to begin with, http://zerodha.com/z-connect/category/queries/stock-and-fo-queries/option-greeks
Hi Nithin,
The link you shared: http://www.nseindia.com/education/content/module_ncfm.htm ,
mentions of certification exams. If we make payment for the module are we only eligible for the certification exam or do we also get training material for the course?
You get the training module and also get to take the certification exam.
Is there any online training course on trading/Technical Analysis. If so please inform.
I live near Kochi and I don’t think there are any quality training course in Kerala.
Is this book or same pdf book available in hindi? or any TA book in hindi, if available please provide me link or name of book
The download link above does not work. Is there a new link?
Yeah, seems to be removed, we might have a copy, will have it uploaded soon
Did you get a chance to upload?
Unfortunately NSE has removed the link, we will try to source this and put it up as soon as possible.
Check this link: http://zerodha.com/z-connect/wp-content/uploads/2014/06/TA_wrkbk.pdf
Thanks Nithin!! Are there any good references for commodity trading?
I think the best bet is to google for commodity of your interest.
hi nithin whr can we find iv of stock options nowadays its not visible in option chain of nse website
Hi Nithin, Thank you. Also let please let me know if you have come across a similar book on options!
Check out the equity derivatives module: http://www.nseindia.com/education/content/module_ncfm.htm
Its really a fantastic book. I was supposed to join technical analysis workshop by paying 20K. I came across NCFM program and while browsing NSE site I got download link for this. I just jumped on it and lo – there is no need to join workshop.
hi
You read this in dec 2013 and i read this in last week. I want to know from you , Have you made money by using the technique given in NCFM ? Can i also use the same technique properly to make money.
Thank You Nithin for creating Zerodha in Indian Financial Service Sector
thank you very much for the update
GIVE ME AN EXAMPLE i.e Price discounts everthing….
Price discounts everything is what technical analysts believe…
Hi guru.. I need information about Sbi merging. I thought Sbi share will increase today. Can I buy before 9:20 am. Because after 9:20 the price may increase.
Ah no, doesn’t work that way. All corporate actions will have a record date, whoever is holding stocks on that day will get benefit. Also, it is not as simple.
How can we RBL IPO through Zerodha. Is it exist or not
We don’t have an online IPO platform. But you can mention your Zerodha demat ID and fill up the physical IPO form.
can we apply for ipo through ASBA via Net Banking?
Thanks Nithin