What a Retail Trader should do to become a Professional Trader?

In this instalment of the face2face series, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in conversation with Mr, Akshay Chinchalkar, an expert trader and technical analyst who has worked with Bloomberg for over ten years. The relevance of technical indicators and oscillators is emphasized as they talk about using Bloomberg software to track data points and make wise trading decisions.

Regardless of the particular tools being used, he emphasizes that successful trading is achievable with a thorough understanding of effective technical analysis. He will also discuss the CMT certification, which is considered a gold standard for technical analysts, and the kind of advantages it offers to analysts and market technicians. We will also see how the certification exam has evolved to connect both traditional and modern technical analysis, from chart patterns to algorithmic trading and programming.

Next, using his own Bloomberg terminal, Mr. Chinchalkar will first show how we can practice the various traditional and modern practices of technical analysis. This will be a great example for us to see how technical analysis has evolved over the years. Initial emphasis will be placed on currency trading, such as INR, and how the terminal's simplified features may help traders and asset managers. Following this, we will take a look at how Bloomberg provides over 25,000 functions for traders to study the market. With practical examples, like those of candlestick chart patterns, we will see how we can track our trades and back-test our strategies with the terminal. Through this, we will also take a look at the basics of using such popular technical indicators, whether we are using Bloomberg or not. Watch this video to learn about technical analysis, and Bloomberg software, and gain insights from an expert trader.