Important Trading Foundation

What are the core basic things that are a given for all traders to look at when trading to be successful?
Some questions to guide your answers (don’t let these questions limit your answers though, share as much information as possible please):

  1. What parts of analysis are universal to all traders no matter the trading strategy?
  2. What are the most important things that all traders must understand in order to trade successfully?

Technical analysis.

Trading is the most successful business in the world now. Many trader earn a huge amount of money from this market.