Herding Behavior is a phychological phenomenon where investors intimate the steps of larger group, ignoring their own research and information, leading to massive financial losses.
Finfluencers have emerged as powerful players in the financial markets, leveraging social media to influence investment decisions. While they can democratize financial knowledge, their unregulated status poses risks.
"The More You follow the Crowd, the Further away You get from the Truth"
Its NOT always detrimental to follow the crowd..but your own study of the market and innovative trading plan as per your research can dodge those massive losses.
Humans are social animals!
When we see the crowd act in a certain way our herd instinct is to follow.
Do read my article https://lnkd.in/gZVCxdEy on HERDING BEHAVIOUR AND MARKET DYNAMICS
Herding Behavior is a phychological phenomenon where investors intimate the steps of larger group, ignoring their own research and information, leading to massive financial losses.
Finfluencers have emerged as powerful players in the financial markets, leveraging social media to influence investment decisions. While they can democratize financial knowledge, their unregulated status poses risks.
"The More You follow the Crowd, the Further away You get from the Truth"
Its NOT always detrimental to follow the crowd..but your own study of the market and innovative trading plan as per your research can dodge those massive losses.