Why technical trading may be successful? A lesson from the agent-based modeling

It is shown using a simple agent-based market dynamics model that if the technical traders are able to affect the market liquidity, their concerted actions can move the market price in the direction favorable to their strategy.

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Year of publication:	2002
Authors:	Schmidt, Anatoly B.
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 303.2002, 1, p. 185-188
Publisher:	Elsevier
Subject:	Econophysics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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