The Psychology of Trading or How to Tame the FOREX Market

This book gives readers an opportunity to look at the structure of the global financial system through the eyes of Konstantin Kondakov, a professional trader. The book is about the intricacies of the psychology of trading and it is written by a real practitioner. It contains answers to relevant questions regarding the structure and the work of the FOREX market. You will find here a bare minimum of theory and clear examples from real life, convenient tables and useful applications. The author discusses difficult matters in an easy and fascinating way. He is completely open with the reader, and he even publishes here excerpts from his personal trader’s diary. The Psychology of Trading or How to Tame the FOREX Market is a reference book for both professionals and beginners to the FOREX market, which indeed will help to preserve and increase your capital.

This book gives readers an opportunity to look at the structure of the global financial system through the eyes of Konstantin Kondakov, a professional trader. The book is about the intricacies of the psychology of trading and it is written by a real practitioner. It contains answers to relevant questions regarding the structure and the work of the FOREX market. You will find here a bare minimum of theory and clear examples from real life, convenient tables and useful applications. The author discusses difficult matters in an easy and fascinating way. He is completely open with the reader, and he even publishes here excerpts from his personal trader’s diary. The Psychology of Trading or How to Tame the FOREX Market is a reference book for both professionals and beginners to the FOREX market, which indeed will help to preserve and increase your capital.

Kondakov Konstantin Georgievich A well-known financial commentator, a reputable analyst and a successful stock trader. He began trading on the foreign exchange market in 2004. Konstantin Kondakov considered trading on currency fluctuations not only as a way to earn money but also as an opportunity to understand the operating principle of the global financial mechanism through analysing charts and the dynamics of change in prices. As a result, he developed a profitable trading strategy - a hybrid of technical and fundamental analysis. It is based on the author’s unique Kondakov theory that the "FOREX chart is - alive!". Konstantin Kondakov’s professional qualities were held in high esteem by the financial community. In 2011 he won the Ukrainian National Olympus award in the Trader of the Year nomination. Kondakov was the first to analyse so deeply the essence of the market from the point of view of psychology. The Psychology of Trading or How to Tame the FOREX Market is the author’s personal observation and brilliant ideas along with the experience of several generations of foreign and domestic traders. This is a book worth reading for anyone working in the FOREX market; it is something that has not been around before.