Modeling the Impact of Aggressive Financial Behavior on Financial Decision-Making: Evidence from Forex Market Investors
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The study explores the impact of Aggressive Financial Behavior on Financial Decision-Making among Forex Market Investors. It employs surveys, interviews, and questionnaires, involving 10 experts in capital markets, behavioral economics, and finance. Using a qualitative-quantitative approach, thematic analysis and the SWARA technique were used to prioritize dimensions and components. Qualitative findings identified behavioral, emotional, and intellectual dimensions, ranked in importance as behavioral, intellectual, and emotional. Top priorities among 21 components included the lack of an investment strategy, excessive leverage, and inadequate training. Educating investors on market risks and decision-making, alongside providing accurate information, can mitigate aggression. Awareness of psychological factors is crucial for informed decision-making. This research offers insights for policymakers, financial entities, and educators to promote responsible decision-making in forex markets. JEL : E52, F31, G41.
