Trading AcademySpring Course 2016

Instructors Profile

Kyriakos Kakofegitis was born in 1975 in Cyprus. He is the founder of YESFX Ltd. He is the head of the business development department and the strategic planning and execution of the business and client development of YESFX Global. Under his supervision is the company’s technical analysis department. He is an approved instructor of financial educational programs by the Human Resource Development Authority (HRDA) in Cyprus. He owns a degree in Business Administra-tion (B.A.I.B.A) with specialization in finance from the University of Newcastle in the United Kingdom. He works in the financial sector as a technical analyst since 1998 and writes articles for the financial press since 2001.

Kyriakos Charilaou was born in 1982 in Cyprus. He is one of the major shareholders of YESFX Ltd. Mr Charilaou holds all professional qualifications in the field of financial technical analysis, CMT (Chartered Market Technician - MTA), CFTe/MSTA (Certified Finan-cial Technician - IFTA/STA). He is the head of the strate-gic planning and execution of the company’s training and educational programs – seminars that YESFX Global offers to its clients. Mr Charilaou is responsible for the monitoring inhouse and remote prop-traders performance employed by YESFX to manage company’s own funds. He is fully licensed by the Cyprus Stock Exchange Commission (CySec) with the professional licenses of: Execution of orders on behalf of Clients, Dealing on own account, Portfolio Manage-ment and Investment Advice. He is a holder of a masters degree (M.B.A) in Financial Mathematics from the University of Lancaster in the United Kingdom. He works in the financial sector as technical analyst since 2005.

John Kittis was born in 1973 in Cyprus. He studied accounting, business administration and technical analysis of financial markets. The past 14 years he has been an active trader and trading coach having trained over a thousand traders and fund managers at the most prominent financial organizations over the world. John Kittis started his professional trading career at AAA United as a prop trader (1998-2002). From 2003 till 2008 he served as chief dealer and trading coach (in association with Reuters) for Smart-line Ltd. In 2009 he served as managing director of Dubai Capital Group where he served till the takeover of the group. He is currently trading and coaching traders.

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YESFX Global

YESFX Global is the world’s most trusted name in the fields of professional trading and technical analysis education. This is why top investment services firms and funds throughout Europe, Saudi Arabia, and the United Arab Emirates choose our experts to train their staff.Our technical analysis research department is continu-ously testing and developing new and existing trading strategies and market timing techniques (entry and exit levels), in order to achieve optimal investment performance based on in-house trading tactics and risk-management strategies.

Our philosophy: “To serve and to promote technical analysis as a valuable tool of investing in the financial markets”

YESFX Global Trading Academy

YESFX Global is launching the first trading academy in Cyprus. The main targets of the academy are the following:

• Obtain the world class professional qualification of Certified Financial Technician (CFTe) – Level I and Level II • Become members of the well-recognized technical analysis societies of IFTA (International Federation of Technical Analysis) and STA (Society of Technical Analysts of the UK)

• Become experts of the professional technical analysis software program MetaStock, MetaTrader

• Learn our successful trading system and produce money

Employment Opportunities

By obtaining the CFTe professional qualification you have the opportunity to be employed by investment and brokerage firms (approximate number in Cyprus is 210 - according to data records in 2012) for the positions of:

• Technical Analyst •Trader • Dealer

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Advantages of YESFX Global Trading Academy

YESFX Global Trading Academy offers the opportunity to participants to understand the theory and practical application of technical analysis in the financial markets.

Our Trading Academy teaches to participants all the relevant technical analysis theory, from basics to advanced mathematical formulas of technical analysis indicators. In addition, participants are taught a variety of trading styles from intraday trading, swing trading, Fibonacci trading to medium and long term trading.

As a professional technical analysis center we prepare participants to obtain the world class professional qualification of Certified Financial Technician (Level I and Level II), which is globally recognized and issued by the International Federation of Technical Analysis (IFTA) and by the Society of Technical Analysts of the UK (STA) – STA Diploma which is equivalent to Certified Financial Technician Level II qualification. Qualified technical analysts are well-respected individuals in the Financial Sector world-wide and by obtaining the CFTe or the STA designation you immediately stand out from the rest in the employment market because you will possess the following:

• The most appreciated and world recognized qualifi- cation in the field of technical analysis by all financial institutions, investment firms and professional investment bodies • The attitude and the experience of the professional trader who knows exactly the way to "make money" for him/her self and for those that he is working for • The experience of the instructors of the program which is the most valuable asset gained for all those that will attend the academy In addition YESFX Global, in order to achieve for its students a higher professional prestige, will offer the opportunity to all of its participants to write articles related to the technical analysis field to the financial press. This will enrich the professional career of the participants and will make them well-recognized and respected professionals in the Cyprus’ financial and business environment.

An additional advantage of this program is that all participants will gain the experience of getting a direct access to the markets and learn how to operate with proficiency all trading platforms (MT4, Saxo-Trader, MetaStock)

Global Recognition

The Certified Financial Technician CFTe diploma is a world class recognized professional qualification by the most prestigious societies of technical analysis in the world. By obtaining such a professional qualifica-tion immediately you become a member of the Society of Technical Analysts of the UK (S.T.A.) and a member of the International Federation of Technical Analysts (I.F.T.A.). The main point that should draw your attention is that the CFTe diploma is a well-known recognized professional qualification that is recognized and usually is a must by all financial institutions, invest-ment firms and investment banks. Through YESFX Global Trading Academy you get the unique opportu-nity to raise you shares in the market and get the advantage of this certificate.

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Important dates and program schedule

Start Date: 26th of April 2016 6 months (26/04/2016– 26/10/2016)

By the 26th of October 2016 students will be taught all the relevant material to pass with success the CFTe Level I and Level II exams. Exam Date: CFTe - Level I: Week of the 15th of July 2016 and week of the 15th of September 2016 CFTe - Level II: week of the 15th of October 2016 in

-cil (the exam venue will be announced 6 weeks before

students that have successfully passed their exams. The date will be announced towards the end of this profes-sional program.

STA Diploma from the Society of Technical Analysts in

be given to all graduates who successfully finish our academy’s trading program.

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Syllabus

Certified Financial Technician (CFTe) – Level IThe main aim of this module is for the candidate to understand the terminology used in these chapters listed below, be able to describe concepts discussed and be able to examine trends. The CFTe Level I measures basic, entry-level competence. Candidates should have a working knowledge of the basic tools of the technician. This level tests the candidate’s knowledge in six basic areas of technical analysis:1. Terminology of technical analysis2. Methods of charting3. Determination of price trends/basics of pattern recognition4. Establishing price targets5. Equity market analysis6. Applying technical analysis to bonds, currencies, futures and options

Part 1 – Chapters:

• The Technical Approach to Trading and Investing• Charts• The Dow Theory• The Dow Theory in Practice• The Dow Theory’s Defects• Important Reversal Patterns• Other Reversal Phenomena• Consolidation Formations• Gaps• Support and Resistance• Trendlines and Channels• Major Trendlines• Technical Analysis of Commodity Charts• Two Touchy Questions• Stop Orders• What is a Bottom – What is a top?• Use of Support and Resistance

Part 2 - Chapters

• Philosophy of Technical Analysis• Dow Theory – Psychology• Chart Construction• Basic Concepts of Trend• Major Reversal Patterns• Continuation Patterns• Volume and Open Interest• Long term Charts• Moving Averages• Oscillators and Contrary Opinion• Point and Figure Charting• Japanese Candlesticks• Elliot Wave Theory• Time Cycles• Money Management and Trading Tactics• Stock Market Indicators

Part 3 - Chapters

• Financial Markets and the Business Cycle• Dow Theory – Economic and Fundamental• Typical Parameters for Intermediate Trends• Price Patterns• Smaller Price Patterns • One- and Two-Bar Price Patterns• Trendlines• Moving Averages• Momentum Principles• Individual Momentum Indicators I• Individual Momentum Indicators II• Candle Charts• Point and Figure Charting• Miscellaneous Techniques for Determining Trends• The Concept of Relative Strength• Price: The Major Averages• Time: Longer – Term Cycles• Volume: General Principles• Volume Oscillators• Breadth

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Certified Financial Technician (CFTe) – Level II

The aim of the CFTe Level II examination is to confirm that the candidate possesses the professional knowl-edge, understanding and skills to pursue a career in technical analysis within the investment community. In particular, at the end of the training period qualified technicians are expected to have a good understand-ing of, and practical experience in, the major tech-niques listed below, together with a wide range of timing and analytical tools and indicators to enable them to select the most advantageous portfolios, trades, hedges etc. for their clients, their employees or their own trading systems.The syllabus is therefore designed primarily to ensure that students will gain the necessary skills to pursue their careers to a more advanced level in a profes-sional manner, and also to provide investors with the knowledge and confidence in technical analysis that will enable them to make better informed trading decisions.

Chapters:

1. Bar charts. Gaps, islands, key reversals. Defining price objectives from gaps and patterns on bar charts. Arithmetic versus logarithmic scales.2. Moving averages – arithmetic, weighted, and expo-nential. Centered, non-centered and advanced. Single, double and multiple moving average cross-overs. Moving envelopes, including Bollinger Bands.3. Candle charts and candle patterns. Renko charts, Heiken-Ashi candles, Swing charts.4. Point and figure charts. Construction, scale, box reversal, objective counting. Advantages and disad-vantages compared to other types of chart.5. Dow Theory.6. Chart patterns, e.g. triangles, flags, pennants, diamonds, broadening patters (megaphones), wedges.7. Reversal patterns and how to identify/anticipate them. Rounding tops and bottoms, head and shoul-ders, spikes, double/triple/multiple tops and bottoms.

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8. Trend. How to draw correct short, medium and long-term trendlines. Trend channels. Return lines and internal trendlines. Unconventional but useful trendlines. Acceleration. Speed lines. Trend charac-teristics.9. Consolidation – how and why it occurs. Breakouts and how to recognize them.10. Corrections: when and how far.11. Support and resistance. The various chart points and facts that can act as such.12. Basic elements of Gann Theory.13. Basic elements of Elliott Wave Theory.14. Fibonacci series, fan lines, arcs and time zones.15. Cycles. Amplitude, length, phase, harmonicity, synchronicity, left and right translation. Detrending.16. Relative performance and how to interpret relative strength charts.17. Momentum indicators and oscillators including:a. Rate of change – Welles Wilder’s RSI – Stochastics (%K&D)b. Moving Average Convergence Divergence (MACD) & MACD histogramc. Directional Movement Indicator – Parabolics – Com-modity Channel Index18. Volume signals and indicators, including On-Balance Volume, Volume Accumulator etc. Open interest.19. Breadth indicators.20. Sentiment indicators and contrary opinion.21. Market ProfileTM including Construction, TRO, Point of control, Value Area, Normal Day, Trend Day, Double Distribution Day, Neutral Day, Non Trend Day.22. Investor psychology – individual and group.23. Ichimoku Charts, including Turning Line, Standard Line, Span 1 and Span 3, Lagging Line, Cloud construc-tion and interpretation.24. Statistics: Measures of dispersion - standard devia-tion, variance.25. Statistics: Measures of central tendency: Mean, Median, Mode.26. Behavioral Finance: Investors Psychology, Ego-Centric Trading Emotions, Traders vs Investors biases.