The Investing Guide: Investing Using Technical Analysis - Fundamental Analysis

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Staying the course is challenging, even for disciplined investors. When you buy a stock or mutual fund and hold it long-term, banks and brokerage firms lose out on trading fees, which are their primary source of income. They profit from each transaction—buying or selling stocks—so they celebrate market volatility, regardless of whether prices rise or fall. For them, a down market isn't a concern; in fact, they thrive on the fluctuations that encourage more trading. Excessive trading benefits these financial institutions, regardless of your personal gains or losses. This book guides you in examining stocks that have historically performed well through back-testing and helps identify stocks with similar attributes that are likely to outperform. It is designed for readers with basic investing knowledge, including novice investors who can benefit from the technical and fundamental concepts presented. While it addresses complex topics like the Capital Asset Pricing Model (CAPM) and economics, it is accessible to a broader audience, including MBA and CFA students, without being limited to them.