Do Technical Analysts Outperform Novice Traders: Experimental Evidence

Previous studies on technical analysis mostly report the profitability of specific trading rules for a given set of historical data. In this paper, we use the human trader experiment approach to compare the performance of experienced and novice traders. It is found that traders who are more knowledgeable on technical analysis significantly outperform those who are less knowledgeable.

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Year of publication:	2013-12-23
Authors:	Lui, Kim man ; Chong, Terence T. L.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 33.2013, 4, p. 3080-3087
Publisher:	AccessEcon
Subject:	Technical analysis \| human trader experiments \| candle sticks

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Extent:	application/pdf
Type of publication:	Article
Classification:	G1 - General Financial Markets ; C9 - Design of Experiments
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010835759