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