Will the investor's mood affect the success rate of cooking? Speculation in foreign exchange, that is, foreign exchange margin trading, signs a contract with a (designated investment) bank, opens a trust investment account to ensure the deposit of funds (margin), and the (investment) bank (or stock exchange) sets the credit operation limit (that is, the leverage effect is 20-400 times, and it is illegal to exceed 400 times). Investors are free to buy and sell the equivalent spot foreign exchange within the quota, and the gains and losses arising from the operation will be automatically deducted or deposited from the above investment account. Small investors can use small funds to obtain large trading volume, and use foreign exchange transactions to avoid risks and create profit opportunities in exchange rate changes, just like world capital. The process of speculating in foreign exchange is not only a grasp of the market, but also a challenge to oneself, especially psychological factors seriously affect the success rate of investment.

1. One of the psychological factors of foreign exchange speculation: bounded rationality.

Bounded rationality means that people's energy, ability and information are limited. When faced with the problem of choice, it is usually impossible to calculate and evaluate various options comprehensively and in detail, so economics cannot perfect and convey the complete rationality of axiomatic hypothesis.

2. The second psychological factor of speculating in foreign exchange: overconfidence.

People are always overconfident in their abilities, and investors and analysts are particularly confident in mastering their professional knowledge. Unfortunately, there seems to be no necessary connection between the degree of self-confidence and the possibility of success.

3. Psychological factors of foreign exchange speculation 3: regret and avoidance.