PT  - JOURNAL ARTICLE
AU  - Boris S. Abbey
AU  - John A. Doukas
TI  - Is Technical Analysis Profitable for<br/>Individual Currency Traders?
AID  - 10.3905/jpm.2012.39.1.142
DP  - 2012 Oct 31
TA  - The Journal of Portfolio Management
PG  - 142--150
VI  - 39
IP  - 1
4099  - https://pm-research.com/content/39/1/142.short
4100  - https://pm-research.com/content/39/1/142.full
AB  - 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