Financial Psychology -- Mastering the True Essence of Market Fluctuations (Revised Edition): Mastering the True Essence of Market Fluctuations

Author:·
Publisher:
Publish Date: 2003-11-01
Features: This book explores the mysterious aspect of stock market trading, known as "market psychology behavior," studying how market psychology phenomena arise and how we can leverage 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, as the author portrays how psychological factors of market participants influence the price changes of financial assets. The book introduces new advancements in reference points and anchoring, spontaneous Ponzi schemes, and provides a detailed explanation of why trading volume in bull markets is generally higher than in bear markets. This book offers a practical guide to financial market psychology analysis, serving as an ideal tool for every investor, financial analyst, and banker.