Behavioral finance, a sub-field of behavioral economics, proposes that psychological influences and biases affect the financial behaviors of investors and financial practitioners. Moreover, influences and biases can be the source for an explanation of all types of market anomalies and specifically market anomalies in the stock market, such as severe rises or falls in stock price.
Behavioral finance can be analyzed from a variety of perspectives. Stock market returns are one area of finance where psychological behaviors are often assumed to influence market outcomes and returns but there are also many different angles for observation. The purpose of the classification of behavioral finance is to help understand why people make certain financial choices and how those choices can affect markets. Within behavioral finance, it is assumed that financial participants are not perfectly rational and self-controlled but rather psychologically influential with somewhat normal and self-controlling tendencies.
One of the key aspects of behavioral finance studies is the influence of biases. Biases can occur for a variety of reasons. Biases can usually be classified into one of five key concepts. Understanding and classifying different types of behavioral finance biases can be very important when narrowing in on the study or analysis of industry or sector outcomes and results.
The efficient markey hypotesis (EMH) says that at any given time in a highly liquid market, stock prices are efficiently valued to reflect all the available information. However, many studies have documented long-term historical phenomena in securities markets that contradict the efficient market hypothesis and cannot be captured plausibly in models based on perfect investor rationality.
The EMH is generally based on the belief that market participants view stock prices rationally based on all current and future intrinsic and external factors. When studying the stock market, behavioral finance takes the view that markets are not fully efficient. This allows for observation of how psychological factors can influence the buying and selling of stocks.
The understanding and usage of behavioral finance biases are applied to stock and other trading market movements daily. Broadly, behavioral finance theories have also been used to provide clearer explanations of substantial market anomalies like bubbles and deep recessions. While not a part of EMH, investors and portfolio managers have a vested interest in understanding behavioral finance trends. These trends can be used to help analyze market price levels and fluctuations for speculation as well as decision-making purposes.
Trading stocks, currencies, futures, and other financial contracts is not actually complicated and anybody can learn it in a relatively short time.
Due to technical development, all financial data that were previously calculated manually and analyzed using charts drawn on paper can now be calculated in seconds and drawn directly to computer software. All those advances led to developing more and more sophisticated trading platforms that make currency trading possible and easier even for retail traders.
This book concerns into technical analysis, explanation and interpretation of price movements and chart patterns, their optimization and uses on Forex market.
The meaning of this work is to point out that there is a possibility to trade on a profitable level using optimization of strategy and setting inputs correctly.
In this book you will read:
A lot of graphs anf tabs
How to approach a technical analysis
How to approach a chart analysis
How to create and optimize strategies
How to read technical indicators
Money management and risk
Trading strategies
And much more
Автор: Kaufmann Gregor Название: Gold Trading ISBN: 1801133387 ISBN-13(EAN): 9781801133388 Издательство: Неизвестно Рейтинг: Цена: 2752.00 р. Наличие на складе: Нет в наличии.
Описание:
Of all the precious metal, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of future contracts and derivates. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries.
Like most commodities, the price of gold is driven by supply and demand, including speculative demand. However, unlike most other commodities, saving and disposal play larger roles in affecting its price than its consumption. Most of the gold ever mined still exists in accessible form, such as bullion and mass-produced jewelry, with little value over its fine weight. - so it is nearly as liquid as bullion, and can come back onto the gold market.
To be able to make a good investment in gold, it is necessary to identify the relevant factors that affect the price of gold, and then construct an optimal portfolio of the financial assets, including gold investments, stocks, and bonds before and during the financial crisis.
An investor should add gold to the investment portfolio as, gold can diversify the risks of stocks and bonds, and therefore, enhance the portfolio's ability to bear risks in the crisis.
ООО "Логосфера " Тел:+7(495) 980-12-10 www.logobook.ru
