The Psychology Of The Foreign Exchange Market

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E-Book Overview

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.

E-Book Content

THE PSYCHOLOGY OF THE FOREIGN EXCHANGE MARKET Thomas Oberlechner The Psychology of the Foreign Exchange Market WILEY TRADING SERIES Single Stock Futures: A Trader’s Guide Patrick L. Young and Charles Sidey Uncertainty and Expectation: Strategies for the Trading of Risk Gerald Ashley Bear Market Investing Strategies Harry D. Schultz The Psychology of Finance, revised edition Lars Tvede The Elliott Wave Principle: Key to Market Behavior Robert R. Prechter International Commodity Trading Ephraim Clark, Jean-Baptiste Lesourd and Rene´ Thie´blemont Dynamic Technical Analysis Philippe Cahen Encyclopedia of Chart Patterns Thomas N. Bulkowski Integrated Technical Analysis Ian Copsey Financial Markets Tick by Tick: Insights in Financial Markets Microstructure Pierre Lequeux Technical Market Indicators: Analysis and Performance Richard J. Bauer and Julie R. Dahlquist Trading to Win: The Psychology of Mastering the Markets Ari Kiev Pricing Convertible Bonds Kevin Connolly At the Crest of the Tidal Wave: A Forecast for the Great Bear Market Robert R. Prechter THE PSYCHOLOGY OF THE FOREIGN EXCHANGE MARKET Thomas Oberlechner Copyright # 2004 John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (þ44) 1243 779777 Email (for orders and customer service enquiries):