While not a decisive factor, personality is one of the important factors that make it easier for you to choose a career. If you are a person who loves numbers, does not want to touch strange things, has never experienced, then art is not for you. Similar to trading, if you possess some of the right personality traits, it will be easier for you to achieve efficiency.
Before mentioning those characteristics, I need to emphasize one point. Whether or not these characteristics do not affect your success or failure, because effort is the decisive key. So don’t worry too much that you don’t fall into one of the following personality traits. *These personalities are based on the MBTI personality classification system.
Introverted
We live in a world of extroverts. Most of the activities in the world seem “biased” to extroverts. Community activities, interactions, etc. are not very suitable for introverts. However, everything has strengths and weaknesses. Introverts are extremely suitable for the financial sector in general and trading in particular.
You can easily see this, trading is the work of an individual. Even if you have a team trading, in the end the individual factor really decides. Extroverts will not be able to stand being alone without communication with the outside world. They will tend to experience more stress than introverts in a trading environment. Meanwhile, trading is an area that requires high concentration – the forte of introverts.
Intuition
Trading is a chart with candles jumping up and down? Not really, behind that picture is a huge story about the financial world. Intuitive people are well suited for this trade. Because their power is association, understanding the hidden meanings behind.
On the other hand, people with senses (contrary to intuition) do not perform well in the field of trading. For them, what happens in front of them is the meaning of things. It is difficult for them to understand market sentiment.
Reason
Trading is a chaos of emotions. Greed and fear are the two wire-pullers that control the market. Sentimental people will be swept away by these two emotions. They are too sensitive, so the impact of these two factors is extremely strong for them. Even though they knew it wasn’t right, they couldn’t resist. For emotional traders, it takes a lot of effort to keep themselves from getting caught up in the waves on the chart.
Meanwhile, rational traders are more favorable in this financial sector. They often think logically, according to information, according to numbers, according to actual happenings. That is a huge advantage for them to succeed in fighting this market.
Rule
We often talk about the importance of discipline for a trader. Discipline is the backbone of trading, but not everyone is comfortable with discipline. Flexible people will have many obstacles with strictly following a certain plan. They like freedom, they don’t want to be tied to a certain principle.
In contrast, disciplined traders love discipline. For them, discipline will bring stability, and stability is the key to success. Not only do they follow the plan, they also love the implementation and development of the plan. That’s why they love financial fields like trading.
How many of these 4 personality traits do you possess?