Product Description

There is one constant factor in the chaos of the markets and that constant is human psychology. In the Psychology of Finance readers are shown how the market's characteristics that arise can be interpreted and learnt from. This revised edition contains new examples and updates to charts. There is also a summary of the characteristics of each phase of the equity market, bear bottom, rise, bull peak, and decline. It includes an appendix covering the history of economic psychology
Written in an extremely readable and enjoyable style it shows how psychology can drive movements in the prices of financial assets, breakdown key market phenomena, eg, irrational attitude changes in the individual, and their indicators.

Product Details

• Amazon Sales Rank: #988686 in Books
• Published on: 2002-04-12
• Original language: English
• Dimensions: .98" h x 6.42" w x 9.24" l, 1.35 pounds
• Binding: Hardcover
• 332 pages

Book Info
Provides a thorough and up to date treatment of this fascinating and important area of finance. Outlining a coherent set of behaviourist/ psychological theories that explain the essence of technical analysis, author explains how psychology can drive movements in the prices of financial assets.

From the Inside Flap
This book is about an aspect of stock trading which is often shrouded in mystery. It is about the 'psychology of the market': about how the market's psychological phenomena arise, and how we can learn to see them.

From the Back Cover
Recognising that psychology shapes market movements, this revised and expanded edition of 'The Psychology of Finance', provides a thorough and up-to-date treatment of this fascinating and important area of finance. Outlining a coherent set of behaviourist/psychological theories that explain the essence of technical analysis, Lars Tvede outlines how psychology can drive movements in the prices of financial assets.

Including new material on framing and anchors, naturally occurring Ponzi schemes, and insights into why trading volume is often higher in bull- than in bear markets, Tvede provides a practical introduction to the 'psychology of the markets'. The Psychology of Finance is ideal reading for traders, financial analysts and bankers.