Confirmation Bias Trading Financial Markets The Market Maker Strategy - Traders Talk with Martin Cole

In today's episode, we'll discuss the dangers of confirmation bias when trading financial markets. 

The first question is, what is confirmation bias?



Confirmation bias is a psychological phenomenon that occurs when we seek out and interpret information in a way that confirms our preexisting beliefs or biases. 



In the world of trading, this can be extremely dangerous.

Because this type of bias WILL lead to poor decision-making and financial loss. 



Let's dive in and explore how confirmation bias can affect traders and what steps can be taken to mitigate its effects.