خرید و دانلود نسخه کامل کتاب The psychology of the foreign exchange market – Original PDF

he market is made up of people. So, invariably, psychology plays a role,’’ one trader summarizes years of experience in the foreign exchange market. Based on the first-hand experience of this as well as of hundreds of other traders, this book explores the role of psychology in the market in which currencies are traded and priced. It shows how the ‘‘psyche’’ of the foreign exchange market is a driving force at all levels: from the individual trader, to collective market processes, to actual exchange rates. The foreign exchange market is the largest financial market worldwide, easily ten times the size of other market giants such as the NYSE. The influence of this market is pervasive: Wherever you live, exchange rates affect the prices of goods you buy such as rice from Thailand, software from the U.S., cars from Japan, and beer from Germany. Every day, the rates at which currencies are bought and sold determine the success of national economic policies and, ultimately, such fundamental aspects of well-being as the level of unemployment