The best books on psychology of the trading
Trading in the Zone by Mark Douglas
This is one of the few books by Mark Douglas that should become a reference book for everyone who plans to get acquainted with trading in financial markets. Thanks to this book, you can understand the importance of the psychological state of a person who plans to earn by trading. Here there are many examples, but the book is not full of professional terms and is written in plain language. Trading in the Zone book provides a comprehensive assessment of the difficulties that can arise in the novices of the world of exchange speculation. The author of the book Mark Douglas proposes to apply a psychological approach in order to achieve stable results. Thanks to this book, you can get to know and use in practice the thinking of a successful trader.
Trading in the Zone by Mark Douglas
The Psychology of Finance by Lars Tvede
At the moment, traders, belonging to different categories, are trying to create and reveal a system for predicting the behavior of stock markets. In order to solve this problem, various methods and approaches have been developed. Some of the players in the financial market use methods of analyzing price behavior, we are talking about technical analysis, others are in search of undervalued assets – a fundamental analysis. There are also those who try to combine these methods. At the same time, the choice of a method that would make it possible to forecast prices occurs against the background of market participants’ knowledge of the importance and influence on the prices of the emotional mood of the market majority. In this book, The Psychology of Finance by Lars Tvede, the influence of this factor on price changes in the stock market is considered.
The Psychology of Finance by Lars Tvede
Mark Douglas - The Disciplined Trader
In the book The Disciplined Trader, you can find an explanation why most traders can not move to a new level and use other tactics, without which it is impossible to succeed in the financial market. The author, Mark Douglas, first of all, relies on his insight, which was acquired in the course of trading in various markets, he tells why the concepts used to achieve success in society in the market very often turn into barriers. After disclosing the concept of defeatism, the author prepares readers for the general cleaning of their inner world, with the disposal of traditional thinking and bogged concepts. Thanks to the book, The Disciplined Trader, you can work on the development and use of approaches and tactics that allow you to overcome the psychological barriers that hinder the achievement of success in the financial markets.
Mark Douglas – The Disciplined Trader
Novels about the psychology of trading
A collection of short notes on the psychology of trading from various authors will be an effective and prompt solution to the disciplinary problem of the trader. The novels have collected the most interesting and discussed articles with practical examples and additional tips. Reading Novell about the psychology of trading will be useful both for beginners and for exchange professionals, since the collection includes a wide variety of problems, their consequences and ways to effectively solve it.
Novels about the psychology of trading
Terry Burnham - Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality
If you would like to take a fresh look at the financial market, then this book is created for you. The book Mean Markets and Lizard Brains tells you what to rely on in the process of buying shares, real estate, currency or gold. The author Terry Burnham considers irrational reasons for various behavioral features of a person in any financial situation. At the same time, you can look at the financial market from the other side. The book will provide an opportunity to get answers to your questions, as well as apply the author’s advice in practice. Terry Burnham’s recommendations have already been tested by time, so even inexperienced players of the market can use them. The author of the book Terry Burnham is a professor of economics and a specialist with vast experience who understands matters relating to financial peace. For a long time he studied the influence of the biological component in a person on his behavior and life in a modern society.
Terry Burnham – Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality
Fear, Greed and Panic: The Psychology of the Stock Market by David Cohen
In the opinion of the author David Cohen, in order to have a complete picture of the market mechanism and at the same time to get the most out of the work in the financial markets, first of all, it is necessary to understand the psychology of everything happening in such markets. Therefore, we should consider the psychology of markets and try to understand the existing factors that are ignored by most experts or not considered in sufficient detail. Among these factors are: fear, greed, need to feel security, information overload, pressure exerted by others, fear of mathematics, excessive optimism, denial of aggregate factors, confusion in determining their goals, competitiveness, misperceptions of technological change. In the book you can get acquainted with tests that will allow traders to determine the level of their financial abilities and skills. Sometimes it is very important to determine and understand your psychological attitude to the investment process.
Fear, Greed and Panic: The Psychology of the Stock Market by David Cohen
Brett Steenbarger - Psychology Of Trading
“The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life.”
-Victor Niederhoffer, Chief Speculator, Manchester Investments
Author, The Education of a Speculator and Practical Speculation
-Victor Niederhoffer, Chief Speculator, Manchester Investments
Author, The Education of a Speculator and Practical Speculation
“How refreshing! A book that rises above the old NLP model of the 80’s and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!”
-Linda Raschke, President, LBRGroup, Inc.
Brett Steenbarger – Psychology Of Trading
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