If you’re looking to day trade or swing trade stocks, you’ll need to familiarize yourself with technical analysis. Without question, technical analysis takes some time to learn and get accustom to. Luckily, there are plenty of online courses that can bring you up to speed.
If you’re looking to learn technical analysis, here is a list of the best technical analysis courses!
Table of Contents
- What Is Technical Analysis?
- How Does Technical Analysis Work?
- What Makes a Good Technical Analysis Course?
- 5 Best Options for Learning Technical Analysis
- Charting School: Build Your Training Success on a Foundation of Technical Analysis
- Udemy: Straightforward Technical Analysis for Beginners
- TD Ameritrade: Swim Lessons
- Udemy: Stock Market Trading: The Complete Technical Analysis Course
- Coursera: Finance and Quantitative Modeling for Analysts Specialization
What Is Technical Analysis?
What is technical analysis? Unlike the financial fundamentals of a business, technical analysis isn’t concerned with the underlying business model, company, or the most recent earnings report.
Instead, technical analysis reviews price patterns and charts as a way to predict the future. Stocks are not only driven on the underlying companies financial performance; human behavior, fear, and greed also fuels the market.
Technical analysis reviews the historical performance of a securities chart and based on that prior performance/behavior, looks to predict how the market will react.
How Does Technical Analysis Work?
Technical analysis is certainly not binary. There are a lot of variables and nuances that are left to interpretation. On a high level, technical analysis is reviewing the chart pattern of an underlying security.
Within that chart, one will review critical information. Such information includes:
- Price patterns: When the price of a security reaches a certain level, what tends to happen? Do investors begin selling off their shares, or do they begin buying more and elevating the price?
- Volume trends: In addition to looking at the price pattern, a trader will take volume into consideration. Volume is a good indicator of the interest of an underlying security.
- The duration: Once one gets a better understanding of the price and volume patterns, they will look at how long these patterns typically last. Understanding the duration will help a trader time their trade.
What Makes a Good Technical Analysis Course?
If you’re new to trading and realize you want to learn technical analysis, you should certainly consider attending or completing a technical analysis course. There are many technical analysis courses available, but what exactly makes the best technical analysis course?
Here are some things you should consider before signing up for a course:
Access to Investor Resources
First and foremost, the technical analysis course should have access to resources. Resources could include; archives of trading directions/videos, a live chat room where you can interact with the trading community, and course availability/accessibility.
The program should also be accredited. Whenever you invest or trade securities, you are risking your own money with the desire to make more money.
This is often referred to as the risk to reward ratio. If you’re leaning on others to teach you the ways, you want to be 100% certain the program is accurate, accredited, and proven effective.
Following the above bullet of accreditation, you want to be sure the instructors teaching the course have years of experience, and that their experience aligns with your expectations. Someone could have decades of technical analysis and trading experience, but what has their yearly return averaged?
The stock market is ruthless, and one’s results speak for themselves. Be sure you’re learning from someone who has a track record of success.
Accustomed to Your Learning Style
Last but not least, the technical analysis course should align with your learning style and goals. If you learn best in person, you’ll want to attend an in person training class.
If you want to be a trader full time, find a technical analysis course that is built on full time trading. No matter what you prefer, it is imperative that the course you chose works with your learning preference, lifestyle, and goals.
5 Best Options for Learning Technical Analysis
Now let’s dive into the best technical analysis courses available today!
Charting School: Build Your Trading Success on a Foundation of Technical Analysis
Charting School offers a great technical analysis course. This course has been featured all over the financial media, such as CNBC, The Wall Street Journal, and Bloomberg. Whether you’re brand new to technical analysis, or an advanced trader looking to get a new perspective, this course can help you.
- How to anticipate market moves
- Analyze a stock chart with various patterns
- Become a consistent and profitable trader
- The course is taught by JC Parets, who is a well known and respected technical analyst.
- The course is taught by someone who has years of experience
- There are 7 different unique learning modules
- The course is easily accessible
Pricing: There is a one time fee of $495 to purchase this course
Duration: The course has 7 different learning modules, which can be completed at the students pace
Udemy: Straightforward Technical Analysis for Beginners
The Straightforward Technical Analysis course from Udemy is a great introduction to technical analysis. This course isn’t going to dive too deep into any one particular pattern of analysis style, but will give you a broad overview of the concepts.
Learning Outcomes: This is a brief course on technical analysis providing the student with an overview of the topic.
Standout Features: The standout feature of this course must be the fact that it’s free!
- Technical analysis can get intimidating if you don’t have a base foundation. This serves as a strong base.
- The course doesn’t get too technical, but you can take in combination with other courses from Udemy to create a more complete picture.
- You can watch the learning videos as many times as you’d like
Duration: You can complete this introduction course in less than an hour.
TD Ameritrade: Swim Lessons
TD Ameritrade is an online brokerage firm. Not only is the brokerage well known and respected, it is also a fantastic educational platform. TD Ameritrade offers “swim lessons” which cover a wide range of investing and trading topics. There are entire lesson plans centered around technical analysis.
Learning Outcomes: You can learn whatever you’d like. TD Ameritrade goes deep into the various aspects of technical analysis. If you’re just starting out, or if you’re an advanced trader, there is a course curriculum for you that will help take your trading to the next level.
Standout Features: These Swim Lessons are free as long as you have a TD Ameritrade ThinkorSwim account!
- You can learn from the comfort of your own home
- There are countless courses. These courses cover the most basic concepts to incredibly advanced information.
- You can learn how to apply these charts and patterns on your TD Ameritrade platform
Delivery: These lessons are taught online through live classes and pre-recorded classes.
Pricing: If you have a TD Ameritrade ThinkorSwim account, these courses are free.
Duration: The duration is up to the user. You can learn at your own pace.
Udemy: Stock Market Trading: The Complete Technical Analysis Course
Udemy offers a fantastic technical analysis course that is great for beginners. This course is taught online, and has a 4.6 star rating – with over 850 reviews!
- How to buy and sell stocks while leveraging technical analysis
- Candlestick patterns
- Swing trading
- Option trading
Standout Features: The standout feature must be the amount of content the course covers!
- The course offers over 12 hours of on-demand video
- You’ll have lifetime access to the course
- You can access the course on your TV, your mobile device, or laptop
Delivery: You can complete this course online.
Pricing: The typical retail price is $89.99, but Udemy often has a sale.
Duration: The course has over 12 hours of content that can you can rewatch as often as you’d like. You complete the course at your own pace.
Coursera: Finance and Quantitative Modeling for Analysts Specialization
Coursera offers a course through the Wharton Business School. The Finance and Quantitative Model course is great for those looking to combine technical analysis to the underlying financial performance of a security.
- How to review spreadsheets and interpret financial data
- Understand income and cash flow statements
- Learn how to complete various analysis, such as regression analysis and the Monte Carlo Method
Standout Features: Upon completion of the course, students will earn a shareable certificate
- Students will receive a certificate for completing the class
- The course has a flexible schedule
- The course is 100% online
- 4.5 star rating with close to 1800 reviews
Duration: On average, if you spend 2 hours per week on the course, it will take you 4 months to complete.
Does Technical Analysis Really Work?
Technical analysis is a tried and true trading strategy. From large hedge funds to individual traders, technical analysis can certainly help you generate a greater annual return.
It’s important to note, trading or investing in securities comes with a great deal of risk. Working with a professional financial advisor is a great way to reduce your risk as financial advisors are well trained and educated on the numerous variables that must be taken into consideration when building a financial plan.
Although a financial advisor will not trade your money, they can help you invest in stocks, bonds, mutual funds or exchange traded funds – and these investment options can help you reach your financial goals. Having professional oversight to your investment decisions is a great way to ensure you’re making the right moves.
Frequently Asked Questions
If you’re looking to become certified in technical analysis, be sure to complete courses that provide a certification. Such courses include the Finance and Quantitative Modeling for Analysts course from Coursera.
There is without question plenty of Youtube channels that teach technical analysis. The best channel is contingent on what exactly you’re trying to learn a
Technical analysis is not as straightforward as understanding the fundamentals of a company. With that said, technical analysis courses will certain
Investment Firms is a ready supported website. Our content is free to consume and most of the time we do not earn revenue from publishing articles. In some instances, clicking on links in articles may earn us a commission if you are to purchase something.