The Effect of Using Technical and Fundamental Analysis on the Effectiveness of Investment Decisions of Traders on the Egyptian Stock Exchange

摘要

The approach used by the traders plays an important role in the effectiveness of their investment decisions as after drawing a sample of individual traders on the Egyptian Stock Exchange. It became clear that the percentage of traders whose investment decisions are effective (who achieved a rate of return above the average market return during a full year) is only 5% of the total sample. which Motivated researcher to try to identify whether the traders use of fundamental analysis tools and technical analysis tools can help them to increase the effectiveness of their investment decisions, so, this research aims to identify the impact of traders' use of basic analysis tools and technical analysis tools on the effectiveness of their investment decisions on the Egyptian Stock Exchange in order to define the approach that can be used to serve traders to make effective investment decisions in the capital market. "In order to achieve this goal, the researchers tested the following hypothesis. There is no significant effect of the traders' use of fundamental analysis tools and technical analysis tools on the effectiveness of their investment decisions on the Egyptian Stock Exchange and the result of testing this hypothesis confirmed that there is significant impact of traders' use of fundamental analysis tools and technical analysis tools on the effectiveness of their investment decisions on the Egyptian Stock Exchange, and therefore we recommend traders to use fundamental analysis tools and technical analysis tools to make effective investment decisions in Egyptian Stock Exchange.