What is the first step to making a profit?
If you want to make a profit, the first step is to know market analysis. There are two types of analysis for capital market and money market analysis. Fundamental analysis and technical analysis. Fundamental analysis is the examination of macroeconomic data, political events, and factors such as floods, earthquakes, wars, etc., which have economic effects, predicting the future rate and understanding and calculating systematic risk. In fundamental analysis, no attention is paid to the upward or downward movement of the asset price. Rather, the focus will be on identifying the intrinsic value of the asset through the factors affecting it, but in technical analysis, by examining charts and with the help of mathematical relationships, it seeks to predict prices and calculate possible risks, and the focus is on prices.
The simultaneous use of these analyzes can bring us better results.
If you want to make a profit, the first step is to know market analysis. There are two types of analysis for capital market and money market analysis. Fundamental analysis and technical analysis. Fundamental analysis is the examination of macroeconomic data, political events, and factors such as floods, earthquakes, wars, etc., which have economic effects, predicting the future rate and understanding and calculating systematic risk. In fundamental analysis, no attention is paid to the upward or downward movement of the asset price. Rather, the focus will be on identifying the intrinsic value of the asset through the factors affecting it, but in technical analysis, by examining charts and with the help of mathematical relationships, it seeks to predict prices and calculate possible risks, and the focus is on prices.
The simultaneous use of these analyzes can bring us better results.