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Title:Die Anwendbarkeit der Behavioral Finance im Devisenmarkt PDF Logo
Authors:Heidorn, Thomas
Siragusano, Tindaro
Issue Date:2004
Series/Report no.:Arbeitsberichte der Hochschule für Bankwirtschaft 52
Abstract:Behavioral finance theory is used for the foreign exchange market to show, that the profit of a typical trader is mainly due to the higher number of correct positions. Using behavioral finance the amount of loss trades is larger than 60%, however the individual gains are larger than the losses leading to an overall profit. Using this approach we show, that behavioral finance rules can be quantified and a trading outperformance is possible just using 24h spot rates and 3 day volatilities.
Subjects:behavioral finance
technical trading
foreign exchange market
FX
anchoring
regret avoidance
JEL:G12
G14
Persistent Identifier of the first edition:urn:nbn:de:101:1-20080724105
Document Type:Working Paper
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

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