Both fundamental and technical analyses are important when you want to study the markets. However, traders mostly ignore the fundamentals when trading currencies and focus only on the technical analysis.

I agree that both types of analysis are important. As you said there are some traders who prefer to carry out technical analysis only and that is a mistake as fundamental analysis can give you very important insights as to what is going on in the market and various factors need to be considered during such an analysis

Fundamental analysis is crucial for making informed investment decisions by evaluating a company's intrinsic value. It involves examining financial statements, industry conditions, economic factors, and management quality to assess a company's health and growth potential. By analyzing metrics like revenue, earnings, debt levels, and cash flow, investors can determine whether a stock is undervalued or overvalued. This approach helps identify long-term investment opportunities, reducing the risk of impulsive decisions based on market trends. Fundamental analysis also provides insights into a company's competitive position and prospects, enabling investors to make strategic choices. While it requires time and effort, it is essential for building a solid, sustainable investment portfolio and achieving financial goals.