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In conclusion, psychology plays an integral role in investment decision-making. It not only explains why investors often behave irrationally but also provides tools for improving investment decisions. Whether it’s overcoming personal biases or capitalizing on the irrational behavior of others, a good understanding of psychology can give investors an edge in the competitive world of investing. Therefore, to become a successful investor, one should not only be well-versed with financial knowledge and market trends but also have a deep understanding of behavioral finance and psychological principles that drive investment decisions.