Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets

Yavuz Bilgin; Selin Metin Camgoz; Mehmet Baha Karan; Yilmaz Yildiz

doi:10.4018/978-1-7998-2559-3.ch011

Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets

Yavuz Bilgin, Selin Metin Camgoz, Mehmet Baha Karan, Yilmaz Yildiz

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

2 Citations (Scopus)

Abstract

The FOREX market has become a popular ground amongst all kinds of market players. The leverage transactions of the market that may generate higher profit levels with low capital/investments make it very attractive for the individual risk takers. The research investigates the trading behavior of FOREX investors relying on the survey data collected from 167 Turkish investors in 2019. Within the scope of the research, the authors evaluate whether and to what extent behavioral factors, namely demographic characteristics; personal characteristics such as personality traits, love of money, and biases like disposition effect influence investment performance. The results reveal that among the personality traits, openness to experience and conscientiousness have a positive impact while disposition effect and love of money have a negative impact on the performance of investors. Additional analysis suggests that the effects of personality traits and biases on trading performance remarkably change among subgroups of investors regarding their income level.

Original language	English
Title of host publication	Handbook of Research on Decision-Making Techniques in Financial Marketing
Editors	Hasan Dinçer, Serhat Yüksel
Publisher	IGI Global Publishing
Chapter	11
Pages	228-246
Number of pages	19
ISBN (Electronic)	9781799825609
ISBN (Print)	9781799825593, 1799825590
DOIs	https://doi.org/10.4018/978-1-7998-2559-3.ch011
Publication status	Published - 28 Oct 2019

Publication series

Name	Advances in Marketing, Customer Relationship Management and E-Services
Publisher	IGI Global
ISSN (Print)	2327-5502
ISSN (Electronic)	2327-5529

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10.4018/978-1-7998-2559-3.ch011Licence: Unspecified

Cite this

Bilgin, Y., Metin Camgoz, S., Karan, M. B., & Yildiz, Y. (2019). Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets. In H. Dinçer, & S. Yüksel (Eds.), Handbook of Research on Decision-Making Techniques in Financial Marketing (pp. 228-246). (Advances in Marketing, Customer Relationship Management and E-Services). IGI Global Publishing. https://doi.org/10.4018/978-1-7998-2559-3.ch011

Bilgin, Yavuz ; Metin Camgoz, Selin ; Karan, Mehmet Baha et al. / Understanding the Investment Behavior of Individual Investors : An Empirical Study on FOREX Markets. Handbook of Research on Decision-Making Techniques in Financial Marketing. editor / Hasan Dinçer ; Serhat Yüksel. IGI Global Publishing, 2019. pp. 228-246 (Advances in Marketing, Customer Relationship Management and E-Services).

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Bilgin, Y, Metin Camgoz, S, Karan, MB & Yildiz, Y 2019, Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets. in H Dinçer & S Yüksel (eds), Handbook of Research on Decision-Making Techniques in Financial Marketing. Advances in Marketing, Customer Relationship Management and E-Services, IGI Global Publishing, pp. 228-246. https://doi.org/10.4018/978-1-7998-2559-3.ch011

Understanding the Investment Behavior of Individual Investors : An Empirical Study on FOREX Markets. / Bilgin, Yavuz; Metin Camgoz, Selin; Karan, Mehmet Baha et al.

Handbook of Research on Decision-Making Techniques in Financial Marketing. ed. / Hasan Dinçer; Serhat Yüksel. IGI Global Publishing, 2019. p. 228-246 (Advances in Marketing, Customer Relationship Management and E-Services).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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T1 - Understanding the Investment Behavior of Individual Investors

T2 - An Empirical Study on FOREX Markets

AU - Bilgin, Yavuz

AU - Metin Camgoz, Selin

AU - Karan, Mehmet Baha

AU - Yildiz, Yilmaz

PY - 2019/10/28

Y1 - 2019/10/28

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KW - Big-Five Personality Traits

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Bilgin Y, Metin Camgoz S, Karan MB, Yildiz Y. Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets. In Dinçer H, Yüksel S, editors, Handbook of Research on Decision-Making Techniques in Financial Marketing. IGI Global Publishing. 2019. p. 228-246. (Advances in Marketing, Customer Relationship Management and E-Services). doi: 10.4018/978-1-7998-2559-3.ch011

Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets

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Understanding the Investment Behavior of Individual Investors: An Empirical Study on FOREX Markets

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