Confirmation Bias Trading Financial Markets

In today's episode, we'll discuss the dangers of confirmation bias when trading financial markets.  The first question is, what is confirmation bias? Confirmation bias is a psychological phenomenon that occurs when we seek out and interpret information in a way that confirms our preexisting beliefs or biases.  In the world of trading, this can be extremely dangerous. Because this type of bias WILL lead to poor decision-making and financial loss.  Let's dive in and explore how confirmation bias can affect traders and what steps can be taken to mitigate its effects.