might provide greater understanding
of the behavior of financial markets
than one in economics.»
Santa Claus does not exist. Gnomes and elves do not exist. In the stock market, you can easily earn money using leverage and just trading 30 minutes a day.
If debating over Santa Claus, gnomes and eves is futile, the last statement though needs attention.
Of course, as any professional trader knows. However, it is not at all difficult to come across advertisements emphasizing amazing and easy performances one can achieve on the market.
It’s enough to open an account with a huge leverage, read one of their free e-books, and there we are projected into the fantastic and gilded world of trading.
If you are not persuaded, it is only because that is your wish. And nobody can do anything against it. After all, cheater and cheated, are ultimately complicit partners.
Gullibility and lack of knowledge are perfect ingredients for a financial ruin.
Knowing the market participants’ instruments and their different expectations allow you to understand that; if on one hand "the market is never wrong", on the other hand, the error can be mutual.
Trading is 70% psychology and the study of the market participants’ expectations.
If speculation can do without the subtle psychological aspects that underlie the movements, professional trading cannot. Professional trading cannot do without them.
- To follow a logical thread you may click on "Psychology sequential index" where entries are grouped by chapters as in a book.
- To a great extent, trading is a matter of having guts, not a brain.
- "Nothing too much, best is measuring, do not wish the impossible." Know thyself, and then explore the market.
Pages in category "Psychology"
This category contains only the following page.