Persistent profitability of technical analysis on foreign exchange markets?
DOI:
https://doi.org/10.13133/2037-3643/10506Abstract
The effect of technical analyses on the performance of subsequent policies and actions in the foreign exchange markets is analysed using three cases. Results show that use of technical analyses is persistently profitable. Participants, however, tend to view short-term market risk as important and thus decide to forego some of the rules derived from technical analysis. This observation does not negate the theory on efficient learning.
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