Let’s face it. A lot of people makes money selling advices, but they are neither traders nor investors. It is a fact that very few people understand how the stock market works, and even fewer know how to put it into easy to understand words. The result ? Stock market remains to be the monopoly of the few ‘financially-woke’ elites, the ones who churn out thousands of dollars out of the money-making machine called stock market every day, much to the envy of the novice traders and investors who struggle to earn a dime. The only difference between those ‘financially-woke’ elites and a novice investor is financial literacy.
Being your own advisor
What if you can be your own investment advisor? What if you can make expert decisions about stock market yourself rather than trusting some fake financial advisor to guide you? This is valuable skill to have because it puts you in control of your money. The only way to succeed as an investor or a trader in stock market is to educate yourself about how the market works and become financially woke.
In order to identify opportunities in the stock market without the help of anyone, you need robust understanding of how fundamental analysis works. Unfortunately, shortcuts do not work in the world of investing. Even if you want to make money consistently as a trader, you still need to know how stock market works at a very fundamental level because technical analysis cannot be implemented unless you know some degree of fundamental analysis.
“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.”
― William J. O’Neil
Understanding Stock Market can help you generate consistent portfolio income. In the below screenshot from my trading account, the green squares represent the days of profitable trade and the ones in red represents days of loses. Successful traders have more profitable days in a given timeframe than losing ones
Five Best Book on Stock Market Investors and Traders
About Kishlay Singh
Kishlay is an investor, entrepreneur, and travel blogger. Singh is enthusiastic about creating a sustainable economy and dedicates a lot of his time promoting financial education. He believes that unprejudiced access to financial knowledge is crucial for encouraging social equality and creating a sustainable future. Singh loves travelling and loves to share his experience on his blog The Wandering Indian.
Books by Kishlay
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Understanding Stock Market: The easiest way to understand how stock market works
Stock market is where people come to buy and sell a special type of financial product – the stocks. Stocks and Stock market are two separate concepts, but are often confused as