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Psychological training of traders as stock market professionals


Vera Dulepova, Margarita Manushkina
(about the authors)

Dulepova Vera – Associate Professor of the Chair of theoretical bases of the Economy of the Institute of Pedagogy, Psychology and Sociology (Siberian Federal University, Krasnoyarsk)

Manushkina Margarita – (Siberian Federal University, Krasnoyarsk)

Published in:
Leadership and Management
– Volume 2, Number 1 (January-March, 2015)

JEL classification: A23, G12, G32

Keywords: exercise module, knowledge, professional competence, psychology, securities market, stock markets, stress-resistance, trader


Citation:
Vera Dulepova, Margarita Manushkina (2015). Psychological training of traders as stock market professionals. Leadership and Management, 2(1), 7-18. doi: 10.18334/lim.2.1.546


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Abstract:

The goal of the present research is to reveal the opportunities for improving the psychological competence of the stock market professionals, including traders who sell securities. Since their activities are related to permanent stress (frustration resulting from unsatisfactory incomes, losses), it is necessary to develop a certain amount of stress-resistance. The article shows that psychological competence is the key success factor in realization of the strategic goals of the stock market. The authors believe that during professional trainings of traders it is necessary to use the module “Psychological bases of work on a stock market”. Its introduction will enable to integrate theoretical and practical education smoothly and in consistence with the third generation educational standards. The authors conclude that this kind of professional training improves the stress-resistance of traders when they think about their financial opportunities, the level of theoretical knowledge and general awareness of the market tools, methods to analyze the investment characteristics of the securities, market dynamics.








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