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: Investment Psychology Explained: Classic Strategies to Beat the Markets

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Binding: Kindle Edition
Dewey Decimal Number: 332
Format: Kindle Book
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 288
Publication Date: October 31, 1992
Publisher: Wiley
Sales Rank: 29431
Studio: Wiley




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Editorial Review:

Product Description:
Expert advice in a back-to-basics handbook on how to beat the market—the classic way

In Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist '90s there are no quick, magical paths to market success. Rather, he emphasizes the timeless values of hard work, patience, and self-discipline—and much more. Drawing on the wisdom of creative investors such as Jesse Livermore, Humphrey Neill, and Barnard Baruch, as well as his own experience, Pring shows how to:
  • Overcome emotional and psychological impediments that distort decision making
  • Map out an independent investment plan—and stick to it
  • Know when to buck herd opinion—and "go contrarian"
  • Dispense with the myths and delusions that drag down other investors
  • Resist the fads and so-called experts whose siren call to success can lead to disaster
  • Exploit fast-breaking news events that rock the market
  • Deal skillfully with brokers and money managers
  • Learn and understand the rules that separate the truly great investors and traders from the rest


Reading Investment Psychology Explained will give you a renewed appreciation of the classic trading principles that, through bull and bear markets, have worked time and again. You'll see, with the help of numerous illustrative examples, what goes into making an effective investor—and how you can work toward achieving that successful profile.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - A must to read book
I knew him through IFTA annual conferences in the last two year. Mr. Pring is gentleman with great passion to share his long experience and knowledge with others in setting during breaks and after conference hours. Passion that makes you feels like you are listening to a music concert you do not want it ever to end. So you can imagine what his books content would be. I have read his books on 1) Technical Analysis Explained and, 2) Introduction to Technical Analysis: A CD-ROM Seminar and Workbook ... Read More



Rating: 4 out of 5 stars - Heavy reading, but worth it.
This is a more advanced strategy based bible for the busy trader and the mindset involved. I bought this one along with Trading in the Zone and found the two of them compliment each other quite nicely. He covers a wide range of philosophies from the greats, and helps you see through the problems of over trading today with an overload of access to information, and a media full of pump and dump charlatans.



Rating: 3 out of 5 stars - Knowing yourself
A serious trader or investor can never dismiss this book. It's a must read considering there are not very many investment psychology books written with a comprehensive coverage. And if you know Pring's background and have read more of his books, you will understand this work better. He has done a good work in nailing the points of Investment psychology specially by dedicating a section on "Knowing yourself". Easily one of the best books written on the subjet. One reading is not enough if you want to really ... Read More



Rating: 3 out of 5 stars - Good read but not very useful for beginners
This book utilizes the historical events of various markets (mostly the US stock market) to explain various behaviours of market participants. The information is concise and each chapter deliver its points clearly. Part 3 of the book even list the trading rules of various well known authors/traders so that the readers can feel the importance of discipline as these well known individuals have to list a set of rules to remind themselves what not to do.
One thing I do not like are quoted results from research ... Read More



Rating: 4 out of 5 stars - A book of books! Wide but sufficiently deep
I had read over a hundred trading books by far and written many reviews here on Amazon. This is the first time I used the term "book of books" to tell how far an author had tried to incorporate the trading ideas/concepts/rules of other gurus into his book. I dont mean that this book is simply a product of copy and paste. I believe the author had the good intention of covering as many "classic" strategies as possible to deliver the promise of the book title to his readers. In my opinion, most of the essential trading ... Read More



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