What are the different types of stock market analysis and which one is best for me?
Curious about stock market
There are two main types of stock market analysis: fundamental analysis and technical analysis.
Fundamental analysis involves analyzing a company's financial and economic factors such as revenue, expenses, earnings, and growth prospects, to determine the intrinsic value of the company and its stock. This type of analysis can be useful for longterm investors who are interested in the fundamentals of a company and are willing to hold a stock for an extended period of time.
On the other hand, technical analysis focuses on analyzing charts and other technical data to identify patterns and trends in a stock's price movement, in order to predict future price movements. This type of analysis can be useful for shortterm traders who are looking to profit from shortterm price movements.
The best type of analysis for you will depend on your investment goals, time horizon, and risk tolerance. It's also worth noting that many investors use a combination of both fundamental and technical analysis to make investment decisions.