5 min
Confirmation Bias Trading Financial Markets The Market Maker Strategy - Traders Talk with Martin Cole
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- Näringsliv
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.
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.
5 min