Is Popularity of Technical Analysis a Product of Low Financial Literacy and Overconfidence Among Stock Market Investors?

نویسندگان

چکیده

Individual investors’ overall return in stock markets decreases with the increase trade frequency due to factors such as commission expenses, insider trading, spreads, and institutional high-frequency algorithms. In this study, relationship between believing technical analysis method financial literacy level, overconfidence, high expectations of investors have been analyzed use survey data 3,844 people. Although efficiency success trading depends on investor’s analytical skills, it is found that are very popular among people who low irrational expectations.

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ژورنال

عنوان ژورنال: Eski?ehir Osmangazi Üniversitesi ?ktisadi ve ?dari Bilimler Dergisi

سال: 2022

ISSN: ['1306-6730']

DOI: https://doi.org/10.17153/oguiibf.991524