Trading Academy

Spring Course 2015

yesfx
Trading Academy
YESFX Global

Instructors Prole

YESFX Global is the worlds most trusted name in the

elds of professional trading and technical analysis
education. This is why top investment services rms
and funds throughout Europe, Saudi Arabia, and the
United Arab Emirates choose our experts to train their
sta.
Our technical analysis research department is continuously 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.

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 companys technical analysis department. He is an
approved instructor of nancial educational programs
by the Human Resource Development Authority (HRDA)
in Cyprus. He owns a degree in Business Administration (B.A.I.B.A) with specialization in nance from the
University of Newcastle in the United Kingdom. He works
in the nancial sector as a technical analyst since 1998
and writes articles for the nancial press since 2001.

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

YESFX Global Trading Academy

YESFX Global is launching the rst trading academy in
Cyprus.
The main targets of the academy are the following:
Obtain the world class professional qualication of
Certied 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

Kyriakos Charilaou was born in 1982 in Cyprus. He is

one of the major shareholders of YESFX Ltd. Mr
Charilaou holds all professional qualications in the
eld of nancial technical analysis, CMT (Chartered
Market Technician - MTA), CFTe/MSTA (Certied Financial Technician - IFTA/STA). He is the head of the strategic planning and execution of the companys training
and educational programs seminars that YESFX
Global oers to its clients. Mr Charilaou is responsible
for the monitoring inhouse and remote prop-traders
performance employed by YESFX to manage
companys 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 Management 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 nancial sector as technical analyst since
2005.
John Kittis was born in 1973 in Cyprus. He studied
accounting, business administration and technical
analysis of nancial 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 nancial 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 Smartline 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.

yesfx
Trading Academy
Advantages of YESFX Global
Trading Academy

Employment Opportunities

YESFX Global Trading Academy oers the opportunity

to participants to understand the theory and practical
application of technical analysis in the nancial
markets.

By obtaining the CFTe professional qualication you

have the opportunity to be employed by investment
and brokerage rms (approximate number in Cyprus
is 210 - according to data records in 2012) for the
positions of:

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
qualication of Certied 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 Certied
Financial Technician Level II qualication. Qualied
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 qualication in the eld of technical analysis by all nancial
institutions, investment rms 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 oer the
opportunity to all of its participants to write articles
related to the technical analysis eld to the nancial
press. This will enrich the professional career of the
participants and will make them well-recognized and
respected professionals in the Cyprus nancial 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
prociency all trading platforms (MT4, Saxo-Trader,
MetaStock)

Technical Analyst
Trader
Dealer

yesfx
Trading Academy

Global Recognition
The Certied Financial Technician CFTe diploma is a
world class recognized professional qualication by
the most prestigious societies of technical analysis in
the world. By obtaining such a professional qualication 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 qualication that is recognized and
usually is a must by all nancial institutions, investment rms and investment banks. Through YESFX
Global Trading Academy you get the unique opportunity to raise you shares in the market and get the
advantage of this certicate.

yesfx
Trading Academy
Important dates and program schedule
CFTe - Level I and Level II exam preparation
Start Date: 28th of April 2015
Duration: 6 months (28/04/2015 24/10/2015)
By the 28th of October 2015 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 June 2015 and week
of the 13th of July 2015
CFTe - Level II: week of the 19th of October 2015 in
London, UK optional OR in Cyprus at the British Council (the exam venue will be announced 6 weeks before
the examination date).
Graduation Ceremony: Upon completion of the course
a graduation ceremony will take place for all those
students that have successfully passed their exams. The
date will be announced towards the end of this professional program.

Certicates
All successful participants of the YESFX Global Trading
Academy program will receive the certicate of the
STA Diploma from the Society of Technical Analysts in
the UK (STA) or the Certied Financial Technician
(CFTe) Level I and Level II from the International
Federation of Technical Analysts (IFTA).
A separate graduation certicate by YESFX Global will
be given to all graduates who successfully nish our
academys trading program.

yesfx
Trading Academy
Syllabus
Certied Financial Technician (CFTe) Level I
The 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 candidates
knowledge in six basic areas of technical analysis:
1. Terminology of technical analysis
2. Methods of charting
3. Determination of price trends/basics of pattern
recognition
4. Establishing price targets
5. Equity market analysis
6. Applying technical analysis to bonds, currencies,
futures and options

Part 1 Chapters:

Part 2 - Chapters

Part 3 - Chapters

The Technical Approach to Trading

and Investing
Charts
The Dow Theory
The Dow Theory in Practice
The Dow Theorys 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

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

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

yesfx
Trading Academy
Certied Financial Technician (CFTe) Level II
The aim of the CFTe Level II examination is to conrm
that the candidate possesses the professional knowledge, understanding and skills to pursue a career in
technical analysis within the investment community.
In particular, at the end of the training period qualied
technicians are expected to have a good understanding of, and practical experience in, the major techniques 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 professional manner, and also to provide investors with the
knowledge and condence in technical analysis that
will enable them to make better informed trading
decisions.
Chapters:
1. Bar charts. Gaps, islands, key reversals. Dening
price objectives from gaps and patterns on bar charts.
Arithmetic versus logarithmic scales.
2. Moving averages arithmetic, weighted, and exponential. Centered, non-centered and advanced.
Single, double and multiple moving average crossovers. Moving envelopes, including Bollinger Bands.
3. Candle charts and candle patterns. Renko charts,
Heiken-Ashi candles, Swing charts.
4. Point and gure charts. Construction, scale, box
reversal, objective counting. Advantages and disadvantages compared to other types of chart.
5. Dow Theory.
6. Chart patterns, e.g. triangles, ags, pennants,
diamonds, broadening patters (megaphones), wedges.
7. Reversal patterns and how to identify/anticipate
them. Rounding tops and bottoms, head and shoulders, spikes, double/triple/multiple tops and bottoms.

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 characteristics.
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 Wilders RSI Stochastics
(%K&D)
b. Moving Average Convergence Divergence (MACD) &
MACD histogram
c. Directional Movement Indicator Parabolics Commodity Channel Index
18. Volume signals and indicators, including
On-Balance Volume, Volume Accumulator etc. Open
interest.
19. Breadth indicators.
20. Sentiment indicators and contrary opinion.
21. Market ProleTM 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 construction and interpretation.
24. Statistics: Measures of dispersion - standard deviation, variance.
25. Statistics: Measures of central tendency: Mean,
Median, Mode.
26. Behavioral Finance: Investors Psychology, EgoCentric Trading Emotions, Traders vs Investors biases.