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More than anything, we’re crowd followers

I was reading an interesting article on what researchers are learning from big data on how shoppers behave. Buying and selling in financial markets isn’t much different from the grocery store in many ways so there are plenty of lessons to take away. This one, in particular, was striking. Many generic drugs are identical to name-brand medicine so it’s a great place to study why consumers prefer one over the other. The main theory was that people didn’t understand that Aspirin is just acetylsalic…
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mag avatar
mag 20 Out

I will not go into the technical issue of the research drug vs generic drug, I focus on the herding behavior of human beings, the example that we bring is equal to panic in trading.

geula4x avatar
geula4x 22 Out

+1 Liked: Very interesting topic! IMHO crowd-following in Forex trading is a one-way ticket to margin call ;-) Happy trading :-)

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