36. Market Psychology - Trading Psychology Part 2

In the second part of our series on psychology in trading, Alison and Chris chat about market psychology, also called behavioural economics. While markets may seem rational and driven by fundamentals, they are often upended by herd mentality and other irrational factors which can drive prices in unexpected directions.

 

Useful links:
Previous Episode with HFM’s analysts: https://open.spotify.com/episode/0wgMsHzEBQY7yuilCKFkm5?si=7e4b5516feb74ebf 
Elliott Wave Theory: https://fxscouts.com/forex-education/elliott-wave-principle/
The Volatility Index: https://fxscouts.com/forex-brokers/vix-volatility-brokers/

 

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75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.