Abstract
In this article, the authors examine whether technical currency trading by individual currency traders is profitable. The results show technical analysis is negatively associated with performance. Furthermore, the technical trading model developed adequately describes the cross-section of returns for individual currency traders. This result arises because individual currency traders use well-known technical indicators to trade currencies, which implies that such currency traders suffer from reduced performance.
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Is Technical Analysis Profitable for
Individual Currency Traders?
Individual Currency Traders?
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