Quote:
Originally Posted by tacamonchi
I am a psychologist by profession and would definitely be interested in behavioral finance but unfortunately I do not have any access to literature about it (I shall do some research on mark douglas but right now I am bidding on a forex book on ebay) However, I suspect that cognitive dissonance plays a role on why we favor some currencies and stick to trade positions which are against the trend. My wife, a psychiatrist, knows about my daily progress but since I constantly explain the dynamics of the trade, she understands that sometime one loses in the pursuit of gain. She just worries that the stress can burn me up but otherwise, she minds her business unless I share developments with her.
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good point. for me a balanced trading system is something like a balanced life. My wife knows everything about my trades, even she has access to all my accounts if something happens with me... soon I will start teaching my children... in few years FX will be a family business...
A.
