Wednesday, May 11, 2016

Psychological obstacles of trading

I have categorized the often-identified psychological obstacles of trading into the following categories:
2. Effects of the Ego – The Need to be Right 
3. Impact of the "Law of Small Numbers" 
4. Opinions of the Majority – "There's safety in numbers" 
5. The Appeal of Sophistication 
6. Excessive Need for Understanding
7. Excessive Pattern Recognition
8. Greed & Hope
9. Misplaced Optimism
10. Fascination with Predictions
11. Illusion of Control
I would like to explain all the point in my upcoming book.

3 comments:

alitergalen said...

Traders who like to enter the CFD market have to survive tough conditions as they have to depend on being properly equipped with the proper outlook tools for their daily trades. FXB Trading offers those analytical tools and they back them up with diverse educational documents

Pooja Pariya said...

Nifty futures were trading around 11,534-level on the Singaporean Exchange.

stock market tips

Flora shawn said...

My life has changed a lot since I started this online trading, it's called bitcoin it has transformed my life from zero to hero, I wouldn't have made it without the help of a trusted account investor company called skylink technology with their new tech that help double your investment to give you massive profit. i have been withdrawing quite some time now, I have invested in her platform and earned numerous profits, If you're interested contact, is legit.
mail: skylinktechnes@yahoo.com or whatsapp: +1(213)785-1553 or website: https://skylinktechnes.wixsite.com/info