Axioms of a Stock Speculator (forex audiobook)

Author: Max Gunther

Publisher: Peter, 2009.
DigiPack

AUDIO BOOK ON THE AXIOMS OF STOCK TRADING

Axioms of stock speculationAlso known as the "Swiss Axioms", they are a set of 12 basic and 16 auxiliary immutable rules, which must be kept in mind by any stockbroker, no matter what market he works in: stock, currency or commodities. They do not contain descriptions of complicated mathematical models or strategies. Instead, the author takes a detailed and appealingly honest look at the market through the prism of human behavior. He reveals to the reader the basic motives for trader behaviorBut we have to call things by their proper names-gambling, greed, superstition, etc.

Using this knowledge for financial gain (or avoiding unnecessary losses) is the result that compliance with the axioms allows. Red thread through the whole audiobook is the theme of risk and risk management, because risk - is an essential attribute of the game at the stock market. The audiobook can be considered a manual of practical psychology for current and future traders, which also contains rational advice and conclusions, helping to take into account the human factor and to revise your own attitude to exchange risks in the formation of their trading strategies.