The Psychology of Finance (Wiley Trading)


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The Psychology of Finance Lars Tvede The author approaches this fascinating area from the belief that "psychology can be used to explain important aspects of market behaviour, including some aspects of common technical analysis". Without giving too much away, Lars Tvede believes that there is an inherent structure in price movements, depending on the type of stock or market one is investigating. The author's style is very "hands-on", which results in an extremely readable and enjoyable account of the movements in prices of financial assets. Analysts, traders and bankers will find this book essential reading. Economists and the personal investor will also find The Psychology of Finance interesting. Finance/Investment Psychological AspectsThe Psychology of Finance (Wiley Trading) Review
Absolutely one of the best books I have ever read. This book got me started in investing. What an incredible overview of business cycles and waves and economic indicators. Gives such readable ananlysis on how and why our economy moves. Makes you want to watch M1,M2 and M3. But the best part of this book is his ability to tie in mass pyschology from the tulip bust in Holland to John Maynard Keynes' discussion of "to the sixth degree." How you need to predict what people are predicting the market will do. And then it masterfully sums it all up in an excellent discussion of chaos theory and the benefits and limits of using charts to predict. Makes you discount anything but the next day weather forecasts. I went and read about 5 more scientific treatisties on chaos theory. Want a foundation upon which to invest and invest with shrewdenss. READ THIS BOOK! Find it in a library, anywhere.Most of the consumer Reviews tell that the "The Psychology of Finance (Wiley Trading)" are high quality item. You can read each testimony from consumers to find out cons and pros from The Psychology of Finance (Wiley Trading) ...

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