TY - JOUR T1 - Is Technical Analysis Profitable for<br/>Individual Currency Traders? JF - The Journal of Portfolio Management SP - 142 LP - 150 DO - 10.3905/jpm.2012.39.1.142 VL - 39 IS - 1 AU - Boris S. Abbey AU - John A. Doukas Y1 - 2012/10/31 UR - https://pm-research.com/content/39/1/142.abstract N2 - 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.TOPICS: Portfolio construction, interest-rate and currency swaps, technical analysis ER -