This is a popular indicator with many uses in trading. In this short course, we’ll show you how it’s used as a trade entry and exit system, to confirm trends and as a risk management tool. You’ll finish with a deep knowledge of this important indicator.
What you'll learn
- What Parabolic SAR is, what it’s used for and how to add it to a chart
- How to set it up and use it as a trade entry and exit system
- How to use it as a simple but powerful risk management system
- How to confirm a trend with it
- Parabolic SAR’s calculation
- When it does and doesn’t perform well
- A worked example
Who teaches this course
Phillip Konchar authored the course. He is an expert in technical analysis and its application in margin trading.
He is Head Tutor at My Trading Skills, for over a decade and a half he has provided trading education for major brokerages and prop trading houses in London and Dublin.
We are an award-winning, CPD-accredited provider of online education for individuals wanting to learn about the financial markets, private trading, and how to start doing it themselves using their own capital. Our courses have helped 1,000s of people approach trading in a rational, balanced manner.
How to take the course
The course is online and on-demand, available on both desktop and mobile, so you can study at your own pace anytime and anywhere. Process through the video lessons, practice tasks and test how much you have learned with the knowledge check.
Who this course is for
- New traders that are looking to use various indicators
- Competent traders wanting a refresh
Prerequisites
Some knowledge of trading and indicators. The How to Use Technical Indicators course will be sufficient if you’re new to this subject.
Time to complete
The course is split into two parts, the theory part will take 25 minutes to complete. The practical part will take another 25 minutes.