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Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27815
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| Title: | | Die Anwendbarkeit der Behavioral Finance im Devisenmarkt  |
| 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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