Eventually will back to your decision, whether will hold your hand and not open trades , or will enforced to open trades based on your analysis, some trader that based on technical anlaysis they will not trade on news high impact because they have reason technical analysis can't work on these time often making price move randomly
Fundamental analysis is an approach in which one calculates the value on the basis of economic reports and statistics. On the other hand Technical analysis investments are evaluated on the basis of charts, trends and trading volumes over the time. Fundamental analysis is used by long term traders for holding position days, weeks or even months whereas technical analysis is short-term methodology used to take position for days, minutes or even seconds.
The Best Approach of investing is combination of both Fundamental and Technical analysis.
Technical analysis means trading or forming a strategy on the basis of historical price movements, shape of candles. It involves pattern recognition on the price chart. On the other hand, fundamental analysis involves taking into consideration economic factors and assessing them to the best advantage. Fundamental analysis involves reviewing the economic & political factors that affect the currency movement. However the best trading strategy can be form by combination of both the trading styles.
I also agree with the previous comment that the best trading strategy can be form by the combination of both the technical & fundamental analysis. Both have their own relevance and any one of them can’t be ignored.
Fundamental Analysis practitioners tend to focus on economics, for eg, company economics in the case of equities speculators or national and international economics in the case of currency speculators. The equities camp study things like company debts, earnings and cash flow whereas the forex camp study things like inflation, interest rates, GDP growth and trade balance sheets, etc. All of these economic indicators helps to determine the value an instrument such as a specific stock or a currency pair (for eg, Vodafone is an instrument in the UK equities market and $USD/$GBP is an instrument in the Forex market) in order to find out the future prospects. If a share or currency looks cheap in the present day and all the indicators are suggestive of the fact that it would be more valuable in the future then Fundamental Analysis practitioners would definitely buy it.