Is technical analysis profitable? A critique within Forex market
Is technical analysis profitable?
Technical Analysis is a good and profitable approach to financial markets (not only in Forex market), it is quite easy to understand and very common among traders. What I did for a university project work was comparing three Technical Analysis strategies and see how they performed, how to measure a good performance and giving a crushing remark about Technical Analysis strategies applied in Forex market.
I share with you my analysis.
Please keep in mind that this project work is the starting point for my Master’s Thesis, since the winning strategy about technical analysis is compared with forecasting methods: Artificial Neural Networks, Support Vector Machines and the Random Walk.
Table of contents:
1 INTRODUCTION: THE DEFINITION OF THE THEORETICAL FRAMEWORK
1.1 What is Technical Analysis?
1.1.1 Charting
1.1.2 Mechanical rules
2 THE STATEMENT OF THE EMPIRICAL PROBLEM
2.1 Is Technical Analysis profitable?
2.1.1 The empirical problem
2.1.2 Indicators, oscillators and other technical stuff
2.1.3 The strategies
3 A DESCRIPTION OF THE DATA USED
3.1 Which data I chose and why
3.1.1 Currency pairs and prices
3.1.2 Historical periods and time frames
4 A DESCRIPTION OF THE EMPIRICAL METHODOLOGY
4.1 The method: how to study profitability
4.1.1 The empirical analysis
4.1.2 Measures of profitability
5 THE INTERPRETATION OF THE RESULTS
5.1 A glorious or disastrous technique?
5.1.1 Analysing results
BIBLIOGRAPHY
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I will write something about my Master’s Thesis in the next days. Come back here in the meanwhile for more contents!
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