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Forex Trading: Neuroeconomic Insightsand Psychological Biases

Author

Listed:
  • Boyan Ivantchev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Current paper analyzes large data set of 366 276 Forex deals performed by 287 Bulgarian traders for the period of five years. Data set is provided by one of the largest Bulgarian investment intermediaries. This unique and original research for the Bulgarian Forex traders will use the tools of behavioral finance for to examine the influence of loss aversion bias, endowment effect and loss attention bias on traders decision making under risk and uncertainties and their net resultson Forex trading return. Additionally the author will employ interdisciplinary field of neuroeconomics for to explain behavior and decision making of Bulgarian Forex traders. Current research will give additional database for development of behavioral finance and neuroeconomics in Bulgaria.

Suggested Citation

  • Boyan Ivantchev, 2020. "Forex Trading: Neuroeconomic Insightsand Psychological Biases," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 169-178.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:169-178
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T3_2020.pdf
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    Citations

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    Cited by:

    1. Petar Peshev, 2021. "Analyzing CFD Retail Investors' Performance in a Post MiFID II Environment," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 53-73.

    More about this item

    Keywords

    Forex trading; Bulgaria; neuroeconomics; behavioral finance; loss aversion; endowment effect; loss attention;
    All these keywords.

    JEL classification:

    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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