NCFM Experience- Technical Analysis Module

I hope you have read our post about Beginners module of NCFM. If not please find it in the below link. It contains overview about NCFM and real life examination experience of NCFM’s beginners certification.

NCFM Experience- Financial Markets: A Beginner’s module

Through this post, I want to share yet another experience about the ‘Technical Analysis’ module of NCFM. It is one of the most important modules of NCFM and contains in-depth comprehensive knowledge on Technical analysis. 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. This exam would be an evaluation of your knowledge on Dow theory, candlestick charting, chart patterns and major technical indicators. It also revolves around Elliot wave theory and risk management during trading. In short, it contains everything to you want to learn about technical analysis from beginner’s perspective. However this subject is as vast as an ocean and you cannot expect to be a professional just by passing this examination.

ncfm1The study material as usual is very comprehensive and written in a very easy language to understand. Every topic in the syllabus is covered properly with good examples. I feel it’s enough to go through the study material for passing the examination. The only pre-requisite for appearing this examination is the basic knowledge of financial markets. We recommend appearing for Beginners module before going for this. There are multiple choice questions at the end of every chapter which shouldn’t be overlooked.

The ideal preparation time for this exam is 4 weeks if you are an absolute beginner in Technical analysis. But if you already know about this subject, you can probably complete it within 2 weeks. Most of the questions are directly borrowed from the MCQ’s at the end of each chapter, or they are slight variation of those. There are around 20% questions around visualization of candlestick patterns. So you should be well prepared in this topic. Theoretical questions were mostly asked from topics like Dow theory and Elliot wave theory. Questions on chart analysis were tricky as compared to others. Please note that this exam wouldn’t be as straightforward as the beginners module. You would need to devote significant preparation time to pass this. In total, there were 60 questions carrying 100 marks. The passing percentage is 60%. Incorrect answers will cost you negative marks. So you shouldn’t attempt the questions which you are not comfortable answering. The total duration of exam is 120 minutes which is apt.

I appeared for this exam after preparation of 3 weeks, and was able to answer most of the questions. Overall this module is very useful and it helped me a lot to develop technical analysis skillset. My final score was 80%. Below is the snapshot of the certificate I received.

All the best for your exam. Feel free to post your queries.

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  1. Thanks for sharing your experience. Can you please let me know if calculator is allowed in the exam?

  2. If this exam is passed then can one start advisory …????

    Gone through your site … post are really good

    • Hi Tejas,
      Thanks for your kind words and subscribing to our posts. Passing this examination alone would not be sufficient to start an advisory service. SEBI has strict guidelines for the same considering the number of fake advisory services in India. Please go through the link below to understand the whole process of starting advisory service in India:

  3. Hi,

    How is the NCFM Course Content,I am somewhat familiar with Technical analysis? Would you Recommend Reading the Book?

    • Yes the course material is quite comprehensive even if you are familiar with Technical Analysis concepts.

  4. Sir
    I’m a small trader in stock market. I wish to learn technical analysis to help me in my own personal trades & I don’t want to start advisory services or go for sbi registration. Which modules should I go for? Any other online training courses?

  5. Hello admin you just put my mind in this article of yours i want full details how can i be a technical analyst. Through this ncfm certification would i get a star on my cv. I am a ca and cma finalist.
    Can i get job through this certificate… Can u suggest any advance course for technical analysis also so that i can excel my knowledge..
    I have tried ur intraday excel trading system it has given very good result. Approx 10% on daily basis.. U have such a good knowledge in share market want to learn from u.. If u allow me can u call me or mail me on my id or no..
    Would be a great help for me.
    Email._ sourabh.kapiswe@gmail.com
    Mob 9007207874

  6. Hi admin. Very nice info. I am very confused about few things. I posses good knowledge cum experience in technical analysis. Finally appearing for NISM level 1. I have planned for NISM Investment advisor level 2+Research Analyst+ NCFM Technical Analysis. I want to do job in this field as technical analyst. I posses cs final degree as highest but I ma not member of ICSI means only passed CS final and along with it CA Final 1 group. Can I be able to register as Research Analyst. Here as professional qualification I am confused. Can I get job in field with these certification with decent salary. Now I am 36. I have only expertise in trading.I want entry level job only as technical analyst.Please reply and guide if you can I be grateful as question of my life.

    • Hi Manish,

      Definitely you can get a good job based on your qualification and experience. I would recommend you to create a professional CV and a Linkedin profile. There are many hedge funds out there looking for people like you.

  7. Hi
    Am Teju.. From Mysore.. Am having some knowledge on Technical analysis.. But need some certifications..
    1)Can we get any model question papers of preparing for exams?
    2) Contents we must prepare for exams?
    3) Exams would be online? Or Offline?

    • Hi Teju,

      You can get the sample questions from NSE website. You would get a preparation booklet once you register and that is sufficient for preparation. The examination mode id online at designated centres

        • Hi Sourabh,

          NSE provides job assistance after your complete this certification. But it all depends on your skillset and confidence.

  8. i would like to know validity of this certificate as now i had talk at ncfm they say its lifetime but on site it shows 5 years.
    also mock test and nifm trainning is neccessary or just by following book we can clear the exam.

    • i want to be technical analyst and start my own consultancy firm, so is this certificate and getting registration with sebi is enough or i have to clear any other exams too?

    • Hi Nitin,

      The validity is 5 years. And yes, the study materials are more than enough to clear this exam. You can still appear for mock test to understand the pattern better.

  9. i want to first look for a job, with ncfm technical analysis certificate. can i get a job?

  10. thanks for the above information.
    i have recently completed my graduation and i want to do one of the courses in the stock market… confused which cousre to choose?

    • Hi Vinayak,

      You can start with NCFM basic modules if you are completely new to stock markets. If you have some experience already checkout academy.tradingtuitions.com

  11. Thanks for the above information Admin!
    I am planning on doing CFA in the upcoming June for which I’ve got roughly 10 months but before that, I want to get a globally recognized certification in Trading or Technical Analysis which would not take a lot of time so that I could also prepare for CFA alongside.
    I’m already an engineer from IIT Bombay but I want to switch my career to Investment Banking and Trading with being open to doing job abroad.

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