Does a day trader need fundamental analysis to succeed?

<p>Fundamental analysis is more for long term investment. For intraday trading, it is all about technical analysis. It is all about candlestick pattern, moving cross overs, Fibonacci retracements, Bollinger bands, MACD, etc.</p>

<p>HEY…… Fundamental analysis used for long-term investment which is you can use in trading but not for short term. Fundamental Analysis is the practice of analyzing an asset to determine its intrinsic value of the stock and if you want to trading in BTST OR INTRA DAY you have to go with Technical analysis, Technical analysis is a method of determining the stock’s future price using charts to identify the patterns and trends.</p>

<p><br>I am both a day trader, a swing trader of options, and a long term investor of stocks and other instruments. Fundamental analysis is a series of information about the overall health of a company from quarter to quarter. It takes a larger, and slower moving, view of a company based on the underlying financial status of it that spans months to years in summary. Is it useful for day trading? Let me say that it can definitely be useful for day trading if you are looking at trading new and different stocks from a day-to-day basis.</p>

<p><br>In the big picture, fundamental analysis (FA) may give you the macro picture. IOW, a company in financial trouble might be a good shorting opportunity. FA will not help you with the timing of your entry.</p>

<p id="isPasted">Fundamental analysis is an important part of trading, but it may not be essential for day traders who focus primarily on short-term price movements. Day traders typically rely more heavily on technical analysis, which involves using charts and indicators to identify trading opportunities based on price patterns and market trends.</p><p>However, even for day traders, understanding fundamental factors that can affect the market can be helpful in identifying potential trading opportunities and managing risk. For example, significant news events or economic data releases can cause sudden price movements that can create trading opportunities or increase volatility.</p><p>Day traders who are able to incorporate both technical and fundamental analysis into their trading strategies may be better equipped to make informed trading decisions and manage risk effectively. However, it's important to note that each trader's approach may differ based on their individual preferences and trading style. Ultimately, the most important factor in a day trader's success is their ability to consistently make profitable trades and manage risk effectively.</p>