Market First Introduction

Your market opinion and your confidence in it will drive all of your trading decisions.

Novice chess players know the basic moves and they focus on their game plan. They are oblivious to what their opponent is doing and they are quickly mated. The market is your opponent. It doesn’t care about your game plan; it has its own agenda. You need to reveal it and then use that knowledge to your advantage.

More than 75% of all stocks follow the market. This is the most important piece of the trading puzzle. If you get the market right, your probability of success increases dramatically. If you get it wrong, the odds are against you.

Here’s What You’ll Learn

Our market analysis starts with longer-term fundamental analysis. There are easy ways to determine which macro forces are driving the market and we need to be aware of key events that might impact price. Next, we will perform technical analysis on a long-term and a short-term basis to form our market opinion. We have a simple solution to a very complex problem. This forecast drives all of our trading decisions and we need to get it right. 

The following articles will teach you how to form a market opinion.