Its not all that difficult to understand the day to day happenings of the stock market. Once you start involving yourself in the market you will tend to forget everything and when I say everything it literally means everything except the stock market. Anyone can make a lot of money from the market provided he follows the principle of total control over himself, one must never get temp no matter how good the opportunity is, the most important thing is never to day trade in the market, which basically means buying shares and selling the same shares on the same day.

The most important principle which should be followed is trading on an investment basis, which means you build a portfolio which includes all your top shares, give your investment some time to come up. See the right opportunity of buying shares for a long term plan. When there is a slaughter in the market and you firmly believe that the sensex (as it is known in India) or the Nasdaq will not take any further correction that is the correct point to buy your shares for a long term.

Never be hasty and never run out of patience, always be hopeful that your shares will do good over a period of time. Never think of making money on a day to day basis, thats the biggest mistake which people make. Invest only a limited amount of your total capital never take a very big risk in the market, simply because it's impossible to predict what is going to happen in the market.

This is from personal experience and I firmly believe that experience is the best teacher. There are a lot of things which effect the market, like how good the countries' economy is doing? How much is the inflation rate in the country? Always keep in mind all the important things and then pick your scripts and show a lot of patience and content.