Quite very effective if you are willing to taking small profits per trade and not be so greedy.
If you can have the ability not to be greedy as the above suggested then you can make it with TA. There is fundamental which is news but a good money management will help "a novice trader".
Thus, in my experience so far, I have seen that greed kills an account faster than you expect. So avoid being greedy, take little profit and don't stay long in the market if you are a daily trader.