I appeared for this exam after preparation of 3 weeks, and was able to answer most of the questions. The total duration of exam is 120 minutes which is apt. So you shouldn’t attempt the questions which you are not comfortable answering. Incorrect answers will cost you negative marks. In total, there were 60 questions carrying 100 marks.

You would need to devote significant preparation time to pass this. Please note that this exam wouldn’t be as straightforward as the beginners module. Questions on chart analysis were tricky as compared to others. Theoretical questions were mostly asked from topics like Dow theory and Elliot wave theory. So you should be well prepared in this topic. There are around 20% questions around visualization of candlestick patterns. Most of the questions are directly borrowed from the MCQ’s at the end of each chapter, or they are slight variation of those. But if you already know about this subject, you can probably complete it within 2 weeks. The ideal preparation time for this exam is 4 weeks if you are an absolute beginner in Technical analysis. There are multiple choice questions at the end of every chapter which shouldn’t be overlooked. We recommend appearing for Beginners module before going for this. The only pre-requisite for appearing this examination is the basic knowledge of financial markets.

I feel it’s enough to go through the study material for passing the examination. Every topic in the syllabus is covered properly with good examples. The study material as usual is very comprehensive and written in a very easy language to understand. However this subject is as vast as an ocean and you cannot expect to be a professional just by passing this examination. In short, it contains everything to you want to learn about technical analysis from beginner’s perspective. It also revolves around Elliot wave theory and risk management during trading. This exam would be an evaluation of your knowledge on Dow theory, candlestick charting, chart patterns and major technical indicators. If you are serious about learning technical analysis, or want to evaluate your knowledge on the subject then this is the perfect module to go for. It is one of the most important modules of NCFM and contains in-depth comprehensive knowledge on Technical analysis. Through this post, I want to share yet another experience about the ‘Technical Analysis’ module of NCFM.

NCFM Experience- Financial Markets: A Beginner’s module It contains overview about NCFM and real life examination experience of NCFM’s beginners certification. I hope you have read our post about Beginners module of NCFM.

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