Financial Psychology: Mastering the True Essence of Market Fluctuations. Revised Edition

Author: (Norway) Tved
Publisher:
Publish Date: 2003-11-01
Features: This book discusses the mysterious side of stock market trading, known as "market psychological behavior," exploring how market psychological phenomena arise and how we can utilize these phenomena to enhance our understanding of the stock market. It comprehensively presents the latest research findings in financial market psychology, highlighting how psychological factors of market participants influence the price changes of financial assets, laying a solid psychological foundation for securities market technical analysis. The fact that psychological factors affect market price fluctuations is increasingly accepted by scholars and investors. This book offers a comprehensive and latest research on financial market psychology, which is both exciting and practical. The most prominent contribution of this book is establishing a set of behavioral and psychological foundations for securities market technical analysis. The author portrays how psychological factors of market participants influence the price changes of financial assets. The book introduces the latest advancements in reference points and anchoring, spontaneous Ponzi schemes, and explains in detail why trading volume in bull markets is generally higher than in bear markets. It provides a practical guide to financial market psychological analysis, making it an ideal tool for every investor, financial analyst, and banker.