Psychology and Neuroeconomics

Psychology and Neuroeconomics

We dive into psychology, neuroscience and neuroeconomics and go through the latest research to provide a uniquely detailed trading psychology program. By the end of these sections, you'll understand the root cause of most trading issues and what you can do to offset or fix them.

Understanding Why Trading is Psychologically Difficult

Overview

Learning any complex skill is difficult, but there are unique aspects of trading that make it more psychologically challenging to learn than most other skills. We discuss why that is and go through ways to counteract these issues.

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The Basics of Trading Psychology

Overview

You'll learn the core psychological issues that traders face, and how we can overcome or deal with them. By the end of this section, you'll know actions you can start taking to prepare yourself, before we cover the more advanced psychology sections.

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Introduction to the Neuroscience of Trading

Overview

We'll go through an introduction of the neurobiological systems at play which affect our behaviour, emotions, moods and actions in the markets. This is often happening as an automatic response to market situations and can impact our performance.

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Understanding Your Brain on Uncertainty

Overview

Uncertainty is one of the most important topics in trading. It impacts every aspect of what we do, and has the potential to derail our performance. In this section, you'll understand what uncertainty is, how it affects you and how to deal with it.

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Probabilistic Thinking and Bayesian Cognition

Overview

Being a great trader involves being able to think in terms of probabilities and make well-calibrated probabilistic forecasts in the markets. The first step is to go through probabilistic training, which is what you'll be doing in this section.

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Cognitive Biases Masterclass

Overview

When we're dealing with risk and uncertainty (particularly when money is involved) our brains can default to particular cognitive biases and heuristics. Although these can be helpful at times, they can also lead to systematic errors.

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The Neuroscience of Emotions in Trading

Overview

Learn the neuroscience and psychology of emotions in trading. Most traders are instructed to remove emotions from their trading - this is wrong! You'll learn why emotions are critical for decision-making and can be a trading advantage.

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Advanced Trading Emotions Development

Overview

To use your emotions as a trading advantage, first you have to be able to identify your emotions, and understand what they are and what's causing them. In this section, you'll learn how to develop your emotional awareness to an advanced level.

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Achieving Good Decision-Making in Chaotic Situations

Overview

We often encounter chaotic situations in the markets. You'll learn what causes bad decision-making and mistakes in those situations, and what techniques you can use to avoid those, leading to calmer and more effective thinking.

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Treatment and Therapy for Trading Psychology Issues

Overview

In the markets we experience emotionally-intense situation. These can create conditioned responses that cause us to take automatic actions in response to certain stimuli. Behavioural therapy works on a non-conscious level to help overcome these.

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Evidence-Based Self-Talk Toolkit

Overview

It's natural for us to spend a lot of our awake time engaging in internal talk. But negative inner talk can be damaging to our trading performance and general well-being in many ways. We'll go through an evidence-based toolkit to help you overcome it

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Daily Practices for a More Effective Trading Brain

Overview

It doesn't matter how great your system and strategies are, your brain is still your most important tool in the markets. We'll go through simple daily practices you can adopt to improve your mental functioning so your brain can perform at its best.

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Understanding Gambling Tendencies in the Markets

Overview

We'll dive into the history, psychology, and neuroscience of our gambling tendencies to learn why it happens to traders. We'll then go through practical steps to follow to reduce your gambling instincts in the markets.

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How Our Brains Process and React to Profits and Successes

Overview

At this point, it's likely you've started experiencing large profitable trades and profit streaks. This can create another complex mental challenge from a psychological and neurological point of view. You'll learn how to deal with that here.

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How Our Brains Process and React to Losses and Failures

Overview

As you start achieving success with your trading or trade with real money, losses and losing streaks can have a different impact on you to when you're learning. We look at the science behind those complexities and go through practical steps.

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