The Chartered Institute of Stockbrokers has revealed plans to train stockbrokers to enable them to understand the dynamics of technical analyses for capital market investment.
The CIS, in a statement on Thursday last week, said the training was part of its capacity building policy to enhance its members’ global competitiveness.
It described the training as a compulsory requirement for all stockbrokers in order to upscale their skills and competencies.
The statement read in part, “The training is also designed to provide thorough grounding in technical analyses for various categories of investment professionals, traders and investment managers of all asset classes.”
The CIS stated that the training would cover the essentials of technical analyses from a purely short-term timing perspective to longer-term analysis, adding that the training was intended to enable participants to apply technical analyses to the markets they cover.
It noted that the objective of the training was to equip participants with the technical skills necessary for timely trading decisions and provide them with proven tools for technical analyses.
According to the statement, stockbrokers will gain understanding of technical analysis and its application to stock monitoring through the training.
“This will enable them to appreciate how analyses of price trends and momentum assist a trader or investor in understanding the attributes specific to an individual stock.
“They will be exposed to technical understanding and interpretation of indicators, trend analysis, trade timing, graphical representation of points and sound knowledge of technical analysis.”
The Head of Training, CIS, Mr. Chukwudi Nga, explained that the training was targeted at stockbrokers and operators in the financial market such as investment analysts, fund managers, investment advisers and stock traders.
Nga said, “The training will touch on the tool for recognizing when a price reversal is likely to occur and when combined with other reversal signals.
“Technical analyses would also be presented in a non-technical manner. This course is designed to overcome the odd use of language by demonstrating concepts not only with explanations, but also in context.
“Traders endlessly seek winning formula for improved timing of entry into a position as well as exit. This course pulls back the curtain so that one can see how it’s done in its entirety. The use of price, volume and momentum indicators helps analysis by providing specific changes in trends that indicate when the timing of entry and exit is most likely to succeed.”
