Behavioral Finance
Behavioral Finance

Author: Lucy F. Ackert

Publisher: South Western Educational Publishing

Published: 2010

Total Pages: 0

ISBN-13: 9780538752862

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The book begins by building upon the established, conventional principles of finance that you've have already learned in your principles course. The authors then move into psychological principles of behavioral finance, including heuristics and biases, overconfidence, emotion and social forces. You immediately see how human behavior influences the decisions of individual investors and professional finance practitioners, managers, and markets. You also gain a strong understanding of how social forces impact individuals' choices. The book clearly explains what behavioral finance indicates about observed market outcomes as well as how psychological biases potentially impact the behavior of managers. The book's solid academic approach provides opportunities for you to utilize theory and complete applications in every chapter as you learn the implications of behavioral finance on retirement, pensions, education, debiasing, and client management. The book spends a significant amount of time examining how today's practitioners can use behavioral finance to further their professional success.

Martin Pring on Market Momentum
Martin Pring on Market Momentum

Author: Martin J. Pring

Publisher: Irwin Professional Publishing

Published: 1997

Total Pages: 0

ISBN-13: 9780786311767

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Martin Pring's book is the first in-depth look at the subject of market momentum and is heavily illustrated with graphs and charts that provide visual examples of every theory and concept relating to investments and the markets

Trades, Quotes and Prices
Trades, Quotes and Prices

Author: Jean-Philippe Bouchaud

Publisher: Cambridge University Press

Published: 2018-03-22

Total Pages: 464

ISBN-13: 1108639062

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The widespread availability of high-quality, high-frequency data has revolutionised the study of financial markets. By describing not only asset prices, but also market participants' actions and interactions, this wealth of information offers a new window into the inner workings of the financial ecosystem. In this original text, the authors discuss empirical facts of financial markets and introduce a wide range of models, from the micro-scale mechanics of individual order arrivals to the emergent, macro-scale issues of market stability. Throughout this journey, data is king. All discussions are firmly rooted in the empirical behaviour of real stocks, and all models are calibrated and evaluated using recent data from Nasdaq. By confronting theory with empirical facts, this book for practitioners, researchers and advanced students provides a fresh, new, and often surprising perspective on topics as diverse as optimal trading, price impact, the fragile nature of liquidity, and even the reasons why people trade at all.

Commodities
Commodities

Author: H. Kent Baker

Publisher: Oxford University Press

Published: 2018-03-06

Total Pages: 681

ISBN-13: 0190656026

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Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets.

The Microstructure of Foreign Exchange Markets
The Microstructure of Foreign Exchange Markets

Author: Jeffrey A. Frankel

Publisher: University of Chicago Press

Published: 2009-05-15

Total Pages: 358

ISBN-13: 0226260232

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The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.

Liquidity, Markets and Trading in Action
Liquidity, Markets and Trading in Action

Author: Deniz Ozenbas

Publisher: Springer Nature

Published: 2022

Total Pages: 111

ISBN-13: 3030748170

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This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.

Technical Analysis of the Financial Markets
Technical Analysis of the Financial Markets

Author: John J. Murphy

Publisher: Penguin

Published: 1999-01-01

Total Pages: 579

ISBN-13: 0735200661

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John J. Murphy has updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

Information Technology Applications in Industry III
Information Technology Applications in Industry III

Author: Su Fen Yang

Publisher: Trans Tech Publications Ltd

Published: 2014-09-12

Total Pages: 1480

ISBN-13: 303826623X

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Selected, peer reviewed papers from the 2014 3rd International Conference on Information Technology and Management Innovation (ICITMI 2014), July 19-20, 2014, Shenzhen, China

Trading and Electronic Markets: What Investment Professionals Need to Know
Trading and Electronic Markets: What Investment Professionals Need to Know

Author: Larry Harris

Publisher: CFA Institute Research Foundation

Published: 2015-10-19

Total Pages: 94

ISBN-13: 1934667927

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The true meaning of investment discipline is to trade only when you rationally expect that you will achieve your desired objective. Accordingly, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline also requires that managers understand why their counterparties trade. This book surveys the many reasons why people trade and identifies the implications of the zero-sum game for investment discipline. It also identifies the origins of liquidity and thus of transaction costs, as well as when active investment strategies are profitable. The book then explains how managers must measure and control transaction costs to perform well. Electronic trading systems and electronic trading strategies now dominate trading in exchange markets throughout the world. The book identifies why speed is of such great importance to electronic traders, how they obtain it, and the trading strategies they use to exploit it. Finally, the book analyzes many issues associated with electronic trading that currently concern practitioners and regulators.