Behavioural Finance and the Money Management Rules

Dec. 3, 2013 - PRLog -- Is Behavioural Finance the future of online trading? How does getting into the psychological aspects of trading, all be emotional decisions, economical decisions or decisions based on historical trades make you any better at predicting the next trend? XM (http://clicks.pipaffiliates.com/afs/come.php?id=664&cid=8842&atype=1&ctgid=16)think they know the answer and are offering a Free webinar to all registered traders.

Time served in the industry used to be the teaching mantra that taught individual traders and companies alike the rules of Money Management. Knowing what to look out for and mistakes made over time using tried and tested methods have also played their part in the success and failure of many traders (http://mysocialtrader.com/forex-vs-binary-2/). With the introduction of predictive market tools and Behavioural Finance studies things look set to change. The question, is studying Behavioural Finance a short cut method that can guarantee any kind of return or even success??

The answer isn’t a straight forward yes or no, as it all depends on who you ask. But, there is something interesting taking place at XM (http://clicks.pipaffiliates.com/afs/come.php?id=664&c...) tomorrow (21st November) at 2pm with a full discussion and explanation of the possibility of using Behavioural Finance methods to your advantage. The speaker is Avramis Despotis, who has more than his fair share of trading and financial experience in Foreign Exchange, Money Markets, Fixed Income, Commodities, Equities and Derivatives, which stems from years of trading as an interbank trader.

Avramis Despotis has dedicated the last couple of years to passing on his experience in teaching the fundamentals of Technical Analysis, Risk Management and Behavioural Finance to individual traders and industry giants within the trading world that include Reuters, HSBC, Deutsche Bank, Saxo Bank and Barclays Bank.

What?
Behavioural Finance looks at patterns and trends that occur in the market place and use this information to filter out imperfections such as overconfidence, market inefficiencies and potential loss aversion.

Where?
The Behavioural Finance webinar is on Thursday 21st November at XM starting at 2pm (GMT). This webinar is Free to all XM registered traders, so register here and get your entrance code to the webinar that could open your eyes to a new method of market study.

The FREE webinar includes;

Importance of discipline
Understanding the risks around negative psychology
Trades with promising risk-reward ratios

XM (http://clicks.pipaffiliates.com/afs/come.php?id=664&cid=8842&atype=1&ctgid=16) is one of the best known online trading platforms with a reputation to match. Trade here is fast and uses the latest MetaTrader and Web Trader. XM offer online trading as well as trading via a mobile platforms. Register now! (http://clicks.pipaffiliates.com/afs/come.php?id=664&cid=8842&atype=1&ctgid=16)

Read our Business review on XM here (http://mysocialtrader.com/review/xe-markets/)