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In any business or moneymaking venture, preparation and
foreknowledge are the keys to success. Without this sort of
insight, the attempt to make a profitable financial decision
can only end in disaster and failure, regardless of your level
of motivation and determination or the amount of money
you plan to invest.
In the stock market, this rule applies to the nth degree, as
you are investing your own money in what could be
considered a high risk wager, and you are playing with fire if
you do not have at least a general background knowledge of
how it functions. Since having a background in any area is
helpful in guiding you down a path in that particular region,
the more solid your basis of investment knowledge is, the
more likely you are to profit from any attempt to trade on
the open market.
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