Author Name:Asis normal with all debates, there is an equal number on either side,some traders swear by technical analysis being the best while otherwould have it that by analyzing fundamentals one can read the marketbetter.
FundamentalAnalysis Tradersusing fundamental analysis for potential trades have to time themarket to be able to move along with the market. This is possibleonly if the trader has chosen day trading to be his preferred plan.As a day trader you are ?always on? and have to be on yourtrading platform always.
Themarkets are constantly reacting and discounting to information fromaround the world. The reaction times can be as short as instant. Youmiss the action triggered by the ?surprise? report if you cannotbe at your trading platform in a minute.
Thistranslates into a situation where the market's reaction to data isimportant while the data per se has no relevance. What is importanthere is that most fundamental data is in the shape of projections.The news is confirmed only when there is an official release toauthenticate the ?projected? data. This makes timing even moreimportant. If you can time the markets then only you stand to makeshort term .If you initiate trades based on fundamental analysis but have notchosen the right time then you should be ready to suffer a loss.
TechnicalAnalysisTradersusing technical analysis are in an advantageous position as they havemaneuverability in the markets. The fundamentals are reflected in thetechnical analysis. The trends that you see in technical analysis arebased on certain criteria. When you ride a trend you are reasonablysure that it is appearing on the chart due to the changedfundamentals.
Whenyou are trading on technical analysis you have time in your hands.The trend itself allows you that time to generate fast and instantprofits.At the same time, technical analysis by its inherent nature indicateswhen the trend is expected to run its course. The price movements inforexmarketsdictatewhat trades you should make. Either way, you will find that your inforex markets.
Thebottom-line is that technical analysis is easier and allows youenough time to initiate trades. You need not be at the terminal allthe time. You can increase your profits by looking into theend-of-the day trading concept recommended by BillPoulos inhis Forexprofit accelerator course.
