The markets can be difficult to predict, but there are people who seem to do well out of them. It is worth considering what they do to be able to do well and whether you will be able to make money in the same way that they do.
The first thing that you need to do is to consider which market you are interested in and then find out a lot about it. You need to understand what the market is and how it works, before you can start to make predictions about it. It will take time, but there is plenty of information available online and so you should be able to get what you need. It can be interesting, finding out about different markets and working out which ones might the most fun to invest in.
As part of the research into the markets, it is important to look at how they change. It is worth trying to find out what has an influence on them. If this was straight forward, then everyone would be making a lot of money from them, but it is good to take a look at peoples theories and see what patterns you can see yourself.
It is a good idea, once you have decided which market to focus on, to watch it for a while. Consider how you would behave in terms of buying and selling and see whether you would make money. Do this for a considerable period and you will be able to find out how successful your techniques are. It may seem boring, to have a go without actually using real money, but you will get to understand whether you seem to have the right technique or not.
It can be difficult to predict the markets and even if you think that you have it worked out, you may find that it behaves in an unpredictable way for no reason. This is why many people use fund managers or spread their investments to protect themselves. You will need to decide whether you think this is a better move for you. It does tend to mean that you get a smaller gain as the fund manager will take a cut, but it can give you a better chance of making a gain. You need to take a look at all the options for yourself and the risk and decide whether you think it is worth it or not. You may decide that you would rather take a big risk and have more money potentially but also risk losing more. You may decide that you would rather have a lower risk and more of a chance of making money, even if it is a smaller amount.