InvestorQ : I want to do intraday trading; should I study fundamental analysis or technical analysis?
vidhya Laxmi made post

I want to do intraday trading; should I study fundamental analysis or technical analysis?

Answer
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Arti Chavan answered.
2 years ago


Intraday trading does not rely too much on fundamentals. On the contrary, intraday traders focus more on technical charts and news flows to take trading decisions. Most intraday traders focus on very short-term triggers for stocks as they need to close out the trade on the same day. Intraday trading is fairly risky but the risk can be effectively managed by using measures like stop losses, profit targets etc. There is one more interesting aspect here.
Many people think that only investors need to do research and intraday traders do not need to do research. That is not true. In fact, intraday traders need heavy research on news flows, announcements, short-term trends etc. Research still has to be done it is only the periodicity that differs.