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Blogs traders and analyst of financial markets
Nowhere strange effect of crowd psychology is not seen as in the financial markets. Why history continues to repeat itself? The well-known trader and psychologist Alexander elder notes that people have different ways of thinking, acting as a part of the crowd or acting alone. People change when they join crowds. They become more credulous, impulsive, and seek a leader and to be more responsive to emotions instead use your intelligence. the Psychology of the Forex market or simply the psychology of the crowd implies that most traders would act the same in certain situations. This point is inherent in the nature: it is safer in large groups. the Presence of a trend in the Forex market can be considered as an element of crowd psychology. If the price moves in...