Behavioural Technical Analysis: An introduction to behavioural finance and its role in technical analysis by Paul V. AzzopardiBehavioural Technical Analysis: An introduction to behavioural finance and its role in technical analysis by Paul V. Azzopardi

Behavioural Technical Analysis: An introduction to behavioural finance and its role in technical…

byPaul V. Azzopardi

Paperback | May 20, 2010

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'Behavioural Technical Analysis' is an accessible introductory guide to how human nature impacts the markets and those who trade in them. At its core, trading is a decision-making process based on the analysis of data and a judgement on risk and uncertainty. When humans make trading decisions their emotions, physiology and the natural qualities of the brain automatically and subconsciously play a role. Therefore, to better understand the financial markets we need to better understand the behaviour of individual investors within those markets. Behavioural finance - the study of how human sentiment and emotion affects financial decision-making - is a means for achieving this better understanding and it is already revolutionising investment and trading. In particular, it is becoming clear that behavioural finance can help evaluate various aspects of technical analysis - and this is the unique focus of 'Behavioural Technical Analysis'. This book provides an introduction to the six main areas of behavioural finance: dealing with complexity; how humans perceive what is around them; sense of self; aversion to risk; the impact of society and crowds; and gender. An overview is given in each case and for each key concept details are provided about how it can affect the work of technical analysts. The author then builds on these early chapters by applying the concepts of behavioural finance to three key technical analysis techniques: study of extremes, study of trends, and support and resistance. It is shown how behavioural finance can help illuminate long observed technical price patterns and thus serve as a foundation for profitable investment and trading strategies. This book does not presuppose any knowledge of behavioural finance or psychology, skills in mathematics or detailed trading techniques, but instead provides an outline of the key features of behavioural finance that are relevant to technical analysis and advances a new and exciting way of thinking about trading. 'Behavioural Technical Analysis' is a lucid and practical read for all those who want to understand what happens when human nature and financial markets collide - and, most importantly, how to profit from it.
Paul V. Azzopardi trained and worked as a certified public accountant and then obtained an MBA from the University of British Columbia, now Sauder School of Business, concentrating in finance and investments. Paul worked in the securities industry for the last twenty years in various roles but principally as a manager of private client...
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Title:Behavioural Technical Analysis: An introduction to behavioural finance and its role in technical…Format:PaperbackDimensions:9.64 × 6.94 × 0.64 inPublished:May 20, 2010Publisher:Harriman HouseLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1905641419

ISBN - 13:9781905641413

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Table of Contents

Acknowledgements Preface PART ONE - BACKGROUND 1. The Behavioural Finance Revolution 2. People Acting Strange: Emotion In Decision PART TWO - BEHAVIOURAL FINANCE 3. Complexity: Trying To Keep Things Simple 4. Perception: What You See Is Not Always What You Get 5. The Self: Tuum Est 6. Aversion: Pursuing Pleasure And Avoiding Pain 7. Society: What A Lovely Crowd 8. Gender PART THREE - BEHAVIOURAL FINANCE AND TECHNICAL ANALYSIS 9. Behavioural Aspects Of Technical Analysis 10. New Horizons Appendices Appendix One - Rational Economic Man Appendix Two - Table Of Biases Appendix Three - MTP Checklist References Index