FOREX TRADING: NEUROECONOMIC INSIGHTSAND PSYCHOLOGICAL BIASES

Boyan Ivantchev ()
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Boyan Ivantchev: University of National and World Economy, Sofia, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 169-178

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.

Keywords: Forex trading; Bulgaria; neuroeconomics; behavioral finance; loss aversion; endowment effect; loss attention (search for similar items in EconPapers)
JEL-codes: G41 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:169-178

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