The Market is Not A Party

The financial market is no a party, neither is it a theatre, neither is it a playground, It is a battle field. I am not trying to create fear nor put panic around but it is what it is a battle ground. The more you see it that way the better you prepare and device strategy to fight. A strategy and a plan with the right mindset is the best way to enter the market. Emphasis on enter the market and not defeat the market because the market cannot be defeated by an individual. It is larger, it is more handsome, it is more experienced and above all it is older.

Winning in The Market

1. Plan: The first and foremost is to have a plan. The saying that "If one fail to plan then he already plan to fail" is still very valid in this situation. Planning is the first and most important way to start a battling

2. The Chart (Technical Analysis): The fear of the chart is the beginning of wisdom. The Chart has to be analyzed. Starting with the higher time frame to the lower. Monthly to forty five minutes is what I use. Comprehensive analysis of the market from start to finish. Intensive investigation of reading of candle sticks is very important. Techical analysis will help in revealing where the market is coming from, where it is and where it might possibly go.
   

3. The News (Fundamental Analysis): It is very important to know this because this will reveal why the technical analysis will change. Fundamental analysis is the speedy wave that drives the market direction. Understanding fundamental analysis is vital in this battle field
   
   Image Source

4. Risk Management: It is very important to know that on the battle field. There are enemies everywhere. As you are battling people in your front there are some at your back and sideways. As you are speculating on the possibility of making profit you also have to see the possibility of making a loss. It is very paramount to know that things can go sour.
   
   image Source

In conclusion: The market is a place for serious battle. one has to be well prepared and equipped in other to be a real partaker in the financial market else the person will just be a specimen.