The psychology of the Forex market

Author: Thomas Oberlechner
English.: The Psychology of the Foreign Exchange Market
Sync by honeybunny: Natalya Zaporovich
The company: Alpari

Publisher: Omega-L, 2005.
Softcover, 328 pp.
ISBN 5-98119-595-9,978-5-9791-0107-1
Format: 60×90/16 (~145x217 mm)

FROM THE PUBLISHER OF THE FOREX BOOK

This book is a fascinating insight into the decisions that determine exchange rates. It sheds light on the psychology behind spectacular market events and the subconscious processes involved in making daily trading decisions.

In his fascinating analysis of the research of various leading global market participants, Thomas Oberlechner draws on the first-hand expertise of the professionals whose decisions shape the market. Expanding on the field of financial behaviorism, the book includes new perspectives on the market from a variety of psychological angles--from social market dynamics, the role of affect and intuition in making trading decisions, traders' cognitive biases, the phenomenon of psychological risk-taking, subjective relationships in market expectations, interdependence relationships between trading institutions and financial information dissemination media, dynamics, market rumors and personal characteristics of successful tradersto the role of metaphors in the decisions of participants and the nature of the market.

It is intended for a wide range of readers interested in investment issues, trading and the functioning of modern financial markets.