Do Technical Analysts Outperform Novice Traders: Experimental Evidence

Kim man Lui (cskmlui@comp.polyu.edu.hk) and Terence Tai Leung Chong
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Kim man Lui: Department of Computing, The Hong Kong Polytechnic University

Economics Bulletin, 2013, vol. 33, issue 4, 3080-3087

Abstract: 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.

Keywords: Technical analysis; human trader experiments; candle sticks (search for similar items in EconPapers)
JEL-codes: C9 G1 (search for similar items in EconPapers)
Date: 2013-12-23
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Citations: View citations in EconPapers (3)

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