Stock analysis which is the source of knowledge helps a trader to identify positive trades more than the negative trades.
Since Knowledge & Discipline helps the trader to make profits, it is essential that such knowledge is derived from Stock Analysis.
Stocks Analysis involves Fundamental & Technical Analysis.
Fundamental Analysis involves study of the company like its past performance, financial reports, products, its demand & supply, its order book, Profit margins, competition, its management and its decisions, legal issues, etc.
Technical Analysis involves study of market action by looking at the input (volume & price) on a real time basis which is powerful & transparent since the market discounts everything. TA uses charts – line & Bar charts and Candle sticks to look at the inputs in a graphical form for easier understanding.