The Psychology of the Foreign Exchange Market (Google eBook)

Front Cover
John Wiley & Sons, Jul 8, 2005 - Business & Economics - 278 pages
0 Reviews
This book demystifies the foreign exchange market by focusing on the people who comprise it.  Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.
  

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

1 From Rational DecisionMakers to a Psychology of the Foreign Exchange Market
1
2 Psychology of Trading Decisions
21
3 RiskTaking in Trading Decisions
71
4 Expectations in the Foreign Exchange Market
89
5 News and Rumors
125
6 Personality Psychology of Traders
149
7 Surfing the Market on Metaphors
167
8 The Foreign Exchange MarketA Psychological Construct
195
9 The Basics
207
Appendix The European and the North American Survey
225
References
229
Index
249
Copyright

Common terms and phrases

About the author (2005)

THOMAS OBERLECHNER is Professor of Psychology at Webster University. He was trained in Vienna and at Harvard University, where he wrote this book as a visiting scholar. His research on psychological aspects of financial markets has appeared in numerous academic journals in psychology and finance.

Bibliographic information