"Stock Market Psychology: Fear, Greed, and Panic" by David Cohen

Surprisingly, all strategies and methods of market analysis are worthless without an understanding of the psychology of stock trading.

For some reason, this aspect receives the least attention; most beginners begin their work by searching for secret strategies or tactics.

But as the history of many great financiers has shown, psychology is the primary factor that helped them achieve success.

People's actions are generally driven by three emotions: fear, greed, and panic, and these are the topics discussed in David Cohen's book.

The book is quite lengthy, so I'd like to focus only on the main points:

1. A thousand ways to lose your pants – the passion for stock speculation is strongly reminiscent of the gold rush, the history of speculative manias.

 

2. The psychology of money and profit is perhaps one of the most important chapters, as you can't even imagine how similar the outlook on life is between people who earn a lot of money. And conversely, the thoughts of people living in poverty are just as similar.

Stories of the best traders - http://time-forex.com/treyder

3. How we learn to hate information - how to benefit from information, analyzing history and obtaining data from the media.

4. On the brink of collapse or secrets of the stock exchange business - the inside story of the stock exchange, participants in stock trading, relationships with your broker.

5. Psychology and great investment gurus - thoughts on the basis of successful investments from great financiers.

6. Illustrative examples - examples of transactions with certain securities will help you clearly understand the principles people use to buy certain stocks.

7. Honesty, fraud and the financial intelligence quotient - what methods of pressure can be used to force you to buy a security.

It can be said that this book is one of the most interesting books on stock trading, but this is only my personal opinion.

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