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Number one rule of investing: KNOW what you’re investing in. It’s not a good idea to risk your hard earned cash by putting it in an unknown company stock or some other investment. Even farmers study the soil, seasons, and weather before they start planting you know. You have to check first if an asset or investment is secure instead of just believing what random people say. They might be more clueless than you are after all.
Similar to how there are as many strategies and tactics in sports as there are coaches and pros, there are also many strategies in choosing company stocks and other investments. Most of those strategies, however, can be broadly classified into two kinds, and that is fundamental and technical analysis.
(Disclaimer: There are so many investing methods and strategies that it would take too long to explain them all here. For this article, we’ll simply discuss fundamental vs technical analysis.)