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Chart Pattern and Trading Psychology (Forex Education)
One thing I must always think about is the importance of pattern recognition. Whether traders focus on technical indicators or chart configurations, they are extracting patterns from markets that are associated with future price movement. |
Psychology: Faith and faithfulness
Praying for your partner stops you straying INFIDELITY is rampant in nature. Birds, mammals, amphibians and even fish all cheat if the conditions are right, forcing mates to remain perpetually vigilant. People are no different. Although cheats are publicly condemned, or in some cases impeached, infidelity is common and public disapproval does little to dissuade the sinner. The disapproval of God, however, is a different matter, and a new study suggests that prayer can indeed guide people away from adulterous behaviour. Frank Fincham at Florida State University and his colleagues knew from looking at past studies that couples who attend religious services are more likely to be satisfied with their marriages and less likely to be unfaithful than those who do not, but they did not understand why. Speculating that the act of praying might itself cause romantic relationships to become more resilient, the team set up an experiment to explore prayer and fidelity. ... |
Corporate psychology: How to tell when your boss is lying
It's not just that his lips are moving "ASSHOLE!" That was what Jeff Skilling, the boss of Enron, called an investor who challenged his rosy account of his firm's financial health. Other bosses usually give less obvious clues that they are lying. Happily, a new study reveals what those clues are. David Larcker and Anastasia Zakolyukina of Stanford's Graduate School of Business analysed the transcripts of nearly 30,000 conference calls by American chief executives and chief financial officers between 2003 and 2007. They noted each boss's choice of words, and how he delivered them. They drew on psychological studies that show how people speak differently when they are fibbing, testing whether these "tells" were more common during calls to discuss profits that were later "materially restated", as the euphemism goes. They published their findings in a paper called "Detecting Deceptive Discussions in Conference Calls". ... |
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