Forex Traders Psychology A Behavioral Finance Research Paper
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| Author | : Qais Sbaih |
| Publisher | : Grin Publishing |
| Total Pages | : 24 |
| Release | : 2017-03-21 |
| Genre | : |
| ISBN | : 9783668401341 |
Research Paper (undergraduate) from the year 2016 in the subject Business economics - Investment and Finance, grade: 90%, Birzeit University (Business and economics), course: MBA, language: English, abstract: Psychological factors like emotion, mood, stress and personality interfere with trading behaviors, stable emotions lead to good trades. This research study examines how stable emotions, mood and stress affect trading behavior. Methods: Traders were randomly selected over 2 questionnaires (N=50) each in 39 different countries, Trading emotion stability Index TESI and trading Stress index TSI where used to measure both Emotions and stress and compare them with different factors within sample. Results: Traders with low TESI are more confidence and more risk takers, traders with good mood reflect stable and confident traders, there is significant correlation between stress and traders rate of return. Conclusion: The more stable trading emotion and the better mood they have the more confidence decision traders make and the more risk they take, decreasing trading stress can play role in increasing a traders return. Over 40 countries around the world, forex traders faces same difficulties, same challenges and emotional biases. What make one traders different of others is his personality and psychology.
| Author | : Forex Investment Lounge |
| Publisher | : BookRix |
| Total Pages | : 52 |
| Release | : 2024-01-08 |
| Genre | : Business & Economics |
| ISBN | : 3755466716 |
Finance Psychology: How To Begin Thinking Like A Professional Trader (This Workbook About Behavioral Finance Is All You Need To Be Successful In Trading) Trading on the stock exchanges seems to be very easy for many financial players, especially at the beginning. They are convinced that it only requires a good entry signal to be successful on the markets in the long run. The longer they trade, the more the participants understand that it is not the entry signals that decide on victory or defeat in this business! It is still the case that most traders lose money. Only a few of them manage to make permanent profits from the markets, or even earn their living by trading. The reason for this is not that the traders choose "bad" entrances. The reason that most traders lose money is their psyche. Trading is mainly characterized by emotions and 90-100% psychology. Who is a winner or loser in trading is determined by the mental strength of the trader. Only those who actively work on their personality, mental strengths and belief patterns will be successful in trading. "It is up to each individual to use the powers of his psyche for or against his success. This "Workbook about Behavioral Finance" is all you need to be Successful in Trading (Money Management Trading Guide).
| Author | : Mike Elvin |
| Publisher | : John Wiley & Sons |
| Total Pages | : 294 |
| Release | : 2006-02-08 |
| Genre | : Business & Economics |
| ISBN | : 0470020725 |
In Financial Risk Taking, trader and psychologist Mike Elvin explores the complex relationship between human behaviour patterns and the markets, offering the reader a context in which to assess their own strengths and weaknesses as investors. The book offers an apposite and uncomplicated system of skills development in the form of competences and competencies that can be applied anywhere along the continuum from casual investor to full-time day trader. Elvin presents a Comprehensive Model of Trading Competence (the MOT) as well as the concepts of analysis and refutation, the paramouncy principle, and self-sabotaging behaviours such as the Santa Claus syndrome and Bohica effect. Areas covered include: Emotions - are they functional or disabling? How do the mechanisms of fear, greed and panic work? Motivation and perception - how do belief paradigms affect perception and performance? What perceptual errors influence decisions to the trader's detriment? Information processing and risk assessment - how does information overload affect Stress How does stress affect investment decisions? Technological and mathematical anxiety - why do we avoid learning the skills we most need? What levels of ability are required? Can psychological and biological theories assist in our understanding of investors' performance?
| Author | : Brett N. Steenbarger |
| Publisher | : John Wiley & Sons |
| Total Pages | : 354 |
| Release | : 2004-01-30 |
| Genre | : Business & Economics |
| ISBN | : 0471420239 |
"The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life." -Victor Niederhoffer, Chief Speculator, Manchester Investments Author, The Education of a Speculator and Practical Speculation "How refreshing! A book that rises above the old NLP model of the 80's and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!" -Linda Raschke, President, LBRGroup, Inc. "'Investigate, before you invest' was for many years the slogan of the New York Stock Exchange. I always thought a better one would be, 'Investigate YOURSELF, before you invest.' The Psychology of Trading should help you increase your annual investment rate of return. Mandatory reading for anyone intending to earn a livelihood through trading. " -Yale Hirsch, The Hirsch Organization Inc., Editor, The Stock Trader's Almanac "This highly readable, highly educational, and highly entertaining book will teach you as much about yourself as about trading. It's Oliver Sacks meets Mr. Market-extraordinary tales of ordinary professionals and individuals with investment disorders, and how they successfully overcame them. It is a must-read both for private investors who have been shell-shocked in the bear market and want to learn how to start again, as well as for pros who seek an extra edge from extra inner knowledge. Steenbarger's personal voyage into the mind of the market is destined to become a classic." -Jon Markman, Managing Editor, CNBC on MSN Money Author, Online Investing and Swing Trading "Dr. Steenbarger's fascinating, highly readable blend of practical insights from his dual careers as a brilliant psychologist and trader will benefit every investor; knowing oneself is as important as knowing the market." -Laurel Kenner, CNBC.com Columnist, Author, Practical Speculation
| Author | : Thomas Oberlechner |
| Publisher | : Wiley |
| Total Pages | : 0 |
| Release | : 2004-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9780470844069 |
This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.
| Author | : Forex Investment Lounge |
| Publisher | : XinXii |
| Total Pages | : 52 |
| Release | : 2024-01-09 |
| Genre | : Business & Economics |
| ISBN | : 3989832026 |
Finance Psychology: How To Begin Thinking Like A Professional Trader (This Workbook About Behavioral Finance Is All You Need To Be Successful In Trading) Trading on the stock exchanges seems to be very easy for many financial players, especially at the beginning. They are convinced that it only requires a good entry signal to be successful on the markets in the long run. The longer they trade, the more the participants understand that it is not the entry signals that decide on victory or defeat in this business! It is still the case that most traders lose money. Only a few of them manage to make permanent profits from the markets, or even earn their living by trading. The reason for this is not that the traders choose "bad" entrances. The reason that most traders lose money is their psyche. Trading is mainly characterized by emotions and 90-100% psychology. Who is a winner or loser in trading is determined by the mental strength of the trader. Only those who actively work on their personality, mental strengths and belief patterns will be successful in trading. "It is up to each individual to use the powers of his psyche for or against his success. This "Workbook about Behavioral Finance" is all you need to be Successful in Trading (Money Management Trading Guide).
| Author | : Dinçer, Hasan |
| Publisher | : IGI Global |
| Total Pages | : 646 |
| Release | : 2019-12-27 |
| Genre | : Business & Economics |
| ISBN | : 1799825604 |
Consumer needs and demands are constantly changing. Because of this, marketing science and finance have their own concepts and theoretical backgrounds for evaluating consumer-related challenges. However, examining the function of finance with a marketing discipline can help to better understand internal management processes and compete in today’s market. The Handbook of Research on Decision-Making Techniques in Financial Marketing is a collection of innovative research that integrates financial and marketing functions to make better sense of the workplace environment and business-related challenges. Different financial challenges are taken into consideration while many of them are based on marketing theories such as agency theory, product life cycle, and optimal consumer experience. While highlighting topics including behavioral financing, corporate ethics, and Islamic banking, this book is ideally designed for financiers, marketers, financial analysts, marketing strategists, researchers, policymakers, government officials, academicians, students, and industry professionals.
| Author | : Tim Short |
| Publisher | : Routledge |
| Total Pages | : 371 |
| Release | : 2017-11-22 |
| Genre | : Business & Economics |
| ISBN | : 1351601016 |
This book is the first to demonstrate the practical implications of an important, yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behavior in market participants. Focusing on the three major types of bias—Belief-Formation, Quasi-Economic, and Social—the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioral finance to introduce "theory of mind," providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviors, counteracting biases such as overconfidence and conformity—and the "curse" of their own knowledge—to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography, Short positions the foundational sources of cognitive biases alongside concrete examples, experimental designs, and trader’s anecdotes, helping readers to apply theoretical guidelines to real-life scenarios. Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading’s intuitive structure and practical focus.
| Author | : A. Szyszka |
| Publisher | : Springer |
| Total Pages | : 417 |
| Release | : 2013-09-04 |
| Genre | : Business & Economics |
| ISBN | : 113736629X |
Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.
| Author | : Anirudh Sethi |
| Publisher | : Notion Press |
| Total Pages | : 353 |
| Release | : 2017-11-29 |
| Genre | : Business & Economics |
| ISBN | : 194823081X |
The emotions and mental states that dictate success or failure in Stock /Commodity and Forex Markets. Trading psychology refers to the aspects of an individual’s mental makeup that help determine whether he or she will be successful in buying and selling securities for a profit. Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. Discipline and risk-taking are two of the most critical aspects of trading psychology, since a trader’s implementation of these aspects is critical to the success of his or her trading plan. While fear and greed are the two most commonly known emotions associated with trading psychology, other emotions that drive trading behaviour are hope and regret. In this book on trading psychology, you will learn: • The importance of controlling your emotions when making trading decisions • How to master self-discipline and stick to a trading plan • How to learn from mistakes so you do not repeat them • How to refine your skills through simulated paper trading without risking money • How to have a confident mindset while maintaining a flexible and open mind when trading The best traders are always looking for an edge. Sometimes, the largest obstacle between you and trading successfully is yourself. Success can be more about your mindset and less about the markets. From managing and evaluating your own performance to setting rules and sticking to them, these titles will help you create and stick to a trading plan, manage stress, address risk, and not be derailed by emotions or preconceptions.
