Those who are afraid lose. And in trading, that means real money. Financial psychologist, mental coach, and trader Norman Welz explains what fear does in the daily trading environment. Above all, he demonstrates how it can be controlled. He guides the reader in their development as a trader and presents many practical ways to manage fear and stress, achieve balance, and learn to concentrate. Thus, future stock market success is not a random product of a positive or negative mood or personal disposition, but a result of controlled trading. This standard work provides a comprehensive overview of the psychology of trading. Classical evolutionary biology is applied alongside behavioral finance, personality research, and the latest findings from neuroscience and fear research. Learn how to recognize and manage fear as a disruptive and loss factor in trading.