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| Kim man Lui and Terence T. L. Chong |
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| ''Do Technical Analysts Outperform Novice Traders: Experimental Evidence'' |
| ( 2013, Vol. 33 No.4 ) |
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| 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. |
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| Keywords: Technical analysis, human trader experiments, candle sticks |
JEL:
C9 - Design of Experiments: General |
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| Manuscript Received : Nov 11 2013 | | Manuscript Accepted : Dec 23 2013 |
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