if you like to guess market direction and take leveraged bets then you should trade news.
On the other hand if you want to see clear view of market direction, and make investments you should go technical.
Here is why:
Market action discounts all fundamental news known OR NOT to the general public. That means that the BIG GUYS, investment banks, multibillion hedge funds etc, know these fundamental news before we do and place their positions accordingly. Technical analysis is looking for these movements and gives you the opportunity to tade in the same direction that they do. Understanding the fundamentals on the other hand will let you know that the price movement you saw ahead of the news is actually because of that news or if something more important will show up next. During the news announcement the market can go any direction but later will take the final decision.
So know how to read charts and understand where the big boys get in, or out, so you can be in their side. For me, finding if the movement was due to the news is of less importance since the chart will show if any positive or negative news are coming up.
After all though, is your decision but i'll say find out what technical analysis is and re-think it.
On the other hand if you want to see clear view of market direction, and make investments you should go technical.
Here is why:
Market action discounts all fundamental news known OR NOT to the general public. That means that the BIG GUYS, investment banks, multibillion hedge funds etc, know these fundamental news before we do and place their positions accordingly. Technical analysis is looking for these movements and gives you the opportunity to tade in the same direction that they do. Understanding the fundamentals on the other hand will let you know that the price movement you saw ahead of the news is actually because of that news or if something more important will show up next. During the news announcement the market can go any direction but later will take the final decision.
So know how to read charts and understand where the big boys get in, or out, so you can be in their side. For me, finding if the movement was due to the news is of less importance since the chart will show if any positive or negative news are coming up.
After all though, is your decision but i'll say find out what technical analysis is and re-think it.