Markets are fuelled by sentiment the collective psychology of the market participants. Behavioural finance is an exciting new field of knowledge which is revolutionizing trading and investment. It uses techniques from psychology, economics and statistics to study how human sentiment and emotions affect financial decision making of traders and investors.
In particular, behavioural finance is shining new light on various aspects of technical analysis and this is the unique focus of the book.
This landmark new book reveals how behavioural finance offers you a more refined understanding of technical price patterns. The book also shows how behavioural finance can serve as an important foundation for profitable new trading techniques and strategies. As example, the author demonstrates the application of behavioural finance concepts to three popular technical strategies commonly used by traders: Trading price extremes. Trading trends, and Trading support and resistance.
Technical analysis associations around the world, such as the Market Technicians Association (USA), the Society of Technical Analysts (UK), the Canadian Society of Technical Analysts, the Australian Technical Analysts Association and the Technical Analysts Society (Singapore), are increasingly including behavioural finance in their approved courses. With this book, you too can profit from the exciting new advances in behavioural technical analysis.
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