I have seen that trader in India are more into technical analysis, even though fundamental analysis is more popular. Internationally, in equity cash and for investments people use fundamental analysis. But here in India people use the market more like a casino rather than an investment medium. Let's discuss this. (please do not start a fight whether which one is better
Hi Mr. G
You are right, but the investment that you are talking about here which is based on fundamentals, are primarily long term investment, where the investors keep their position open for more than 6 months to 2/3 years. But whoever is trying to make a living on trading need to keep withdrawing money on regular basis. And they get involved in daily buy-sell, intraday to swing and short term (2/3 days to weeks) trading.
Over such short span, the fundamental hardly changes, but technical does change. New price pattern gets created. breakout/reversal happens. So to understand this people need an edge over technicals.
It does not mean that they all want to double their money in a year. Whoever understands the risk:reward, and implements proper risk and money management will never put such a roadmap. Newbies often put such assumption and realize their mistakes after blowing up their account. So it is not about money, it is about recognising self and being aware of your goal.
Regards
Taiki