{"id":2417,"date":"2013-11-23T12:52:43","date_gmt":"2013-11-23T12:52:43","guid":{"rendered":"http:\/\/zerodha.com\/z-connect\/?p=2417"},"modified":"2024-02-02T15:42:43","modified_gmt":"2024-02-02T10:12:43","slug":"ncfm-workbook-on-technical-analysis-a-must-read","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/general\/ncfm-workbook-on-technical-analysis-a-must-read","title":{"rendered":"NCFM Workbook on Technical Analysis &#8211; A must read!"},"content":{"rendered":"<p>Traders,<\/p>\n<p><strong>Review: NCFM (NSE&#8217;s certification on financial markets) workbook on Technical analysis<\/strong><\/p>\n<p>Price Discounts Everything !<\/p>\n<p>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&#8217;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&#8217;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.<\/p>\n<p>It is important that every beginner to intermediate trader follow and have a sound understanding \u00a0of technical analysis, which would mean avoiding taking counter trend trades, one of the foremost reasons for amateurs blowing up their trading accounts.<\/p>\n<p>A hidden gem for everyone looking to learn the basics of Technical Analysis, and available completely free on the NSE website is:\u00a0<a href=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2014\/06\/TA_wrkbk.pdf\">NCFM workbook on Technical Analysis<\/a>. The book starts of \u00a0with an introduction to technical analysis and candlesticks just enough to not bore a beginner, goes onto pattern study like Head &amp; 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.<\/p>\n<p>I would give this a 4.5\/5 and would say is a must read for all beginner traders.<\/p>\n<p>So before you spend another penny on a new book,make sure you\u00a0<a title=\"NCFM Technical Analysis Workbook\" href=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2014\/06\/TA_wrkbk.pdf\">download<\/a>\u00a0and read up the NCFM workbook on Technical Analysis.<\/p>\n<p>Happy Learning,<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders, Review: NCFM (NSE&#8217;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&#8217;t question the information that can affect the price like a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2418,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[531],"tags":[279,280],"class_list":["post-2417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-books","tag-technical-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NCFM Workbook on Technical Analysis - A must read! &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Traders, Review: NCFM (NSE&#039;s certification on financial markets) workbook on Technical analysis Price Discounts Everything ! 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