Conservatism bias is the tendency of an individual to stick to their initial views or forecasts whilst ignoring criticism of and inherent problems with conservatism, and not accepting new information. People are unreceptive to change and this is due to human nature’s preference to remain at the status quo and hence do not want to do anything that is out of the norm to upset their present way of life.5 Ways to Boost Your Retirement With Knowing How to Trade Forex
Learn a few simple steps to boost your retirement. Your retired self will appreciate your young self for following these tips.Making the Switch to MetaTrader 5
Learn about the differences between MetaTrader 4 and MetaTrader 5. The reasons why you should consider making the switch to the new platform.Optimism Bias
Optimism bias is a behavioural bias that may cause a trader to believe that he is actually less prone to any negative occurrences in the market than other traders in the market. This can often lead to one feeling `special’ often with disastrous consequences as more weight is given to information that suggest a desired outcome and being bias or skewing away from information that portrays a unfavourable scenario.How Can You Reduce Risks In Forex Trading?
Foreign exchange market offers the most fluid growth of cash but there are also risks involved in this market. Trading Forex is one of the most crucial activities since a small mistake can cause great loss. There are many risk factors in this trade. It is thus essential to know in detail about this market before you are ready to take the risk.