Average Reviews:
(More customer reviews)Many people, including me, discovered the psychology is the most important part for good trading. This book pointed out many commone mistakes traders often made and many pitfalls to avoid. I found some materials in this book were quite similar to the Elder's Trading for a living. Because I read Elder's book before this one so I found it was less informative than I expected. But if you didn't read any other books about investment psychology, you could still learn a lot from this one. The price is cheap and Pring's style is lucid. A good choice!
Click Here to see more reviews about: Investment Psychology Explained: Classic Strategies to Beat the Markets
Expert advice in a back-to-basics handbook on how to beat the market-the classic wayIn Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist '90s there are no quick, magical paths to market success. Rather, he emphasizes the timeless values of hard work, patience, and self-discipline-and much more. Drawing on the wisdom of creative investors such as Jesse Livermore, Humphrey Neill, and Barnard Baruch, as well as his own experience, Pring shows how to:* Overcome emotional and psychological impediments that distort decision making* Map out an independent investment plan-and stick to it* Know when to buck herd opinion-and "go contrarian"* Dispense with the myths and delusions that drag down other investors* Resist the fads and so-called experts whose siren call to success can lead to disaster* Exploit fast-breaking news events that rock the market* Deal skillfully with brokers and money managers* Learn and understand the rules that separate the truly great investors and traders from the restReading Investment Psychology Explained will give you a renewed appreciation of the classic trading principles that, through bull and bear markets, have worked time and again. You'll see, with the help of numerous illustrative examples, what goes into making an effective investor-and how you can work toward achieving that successful profile.
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