5 Self-Improvement Psychology Books Every Trader Must Read
5 Self-Improvement Psychology Books Every Trader Must Read Improving trading performance is not just about charts and strategies—your psychology is the real edge. These five books help traders understand biases, improve decision-making, and develop strong mental habits. --- 1. Sway: The Irresistible Pull of Irrational Behavior Authors: Ori & Rom Brafman A surprisingly engaging book on why humans behave irrationally—especially under pressure. Key concepts for traders: Diagnostic Bias: Sticking to your initial view even when the market proves you wrong. Chameleon Effect: Taking on identities/traits others assign to you. Hidden Motivators: How fear, danger, and risk perceptions influence your trades. A must-read to understand psychological traps that traders repeatedly fall into. --- 2. The Art of Thinking Clearly Author: Rolf Dobelli A simple, powerful book covering 99 common thinking errors—each explained in 2–3 pages. Important biases for traders: Availability Bias – Giving weight ...