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Technical analysis is also about probability and likelihoods, not guarantees. If something works more often than not, even though it doesn't work all the time, it can still be very effective at generating profits. Day traders enter and exit trading positions within the day and rarely hold positions overnight.

If you trade stocks based on news alone, you’ll most likely miss the big gains; the pros often get in or out of such trades before it hits the headlines. Now that you have a basic understanding of how the market works, you’ll need to decide on the kind of assets or securities you want to trade.
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