Do 92 percent of day traders fail simply because of not understanding technical analysis well enough or is there more to it

Technical analysis is key to success in the stock market, with full knowledge of technical analysis one can do very good in trading. If you don’t have any knowledge of technical analysis then it has no use. Technical analysis is a trading term used to figure out securities and identify trading probability by analyzing statistics collect from trading activity, such as price movement and volume.

Unlike fundamental analysts, who attempt to figure out a security’s basic value, technical analysts focus on charts of price movement and various analytical tools to estimate a security’s strength or weakness. However, if you want to learn technical and fundamental analysis you can join any institute like NIFM, NSE India, ICFM, Share market Shiksha.

(Source: https://www.quora.com/Do-92-percent-of-day-traders-fail-simply-because-of-not-understanding-technical-analysis-well-enough-or-is-there-more-to-it)