Find Your Trading Niche through Personality Quizzes

As Lady Gaga put it, all of us are born in a certain way. Some of us, like Cyclopip, are good in sports while others, like Pip Diddy, have a good ear for music. We all have our own set of skills but sadly, not all of us are able to realize our full potential. This is probably because our abilities do not fit the environments which we are in.

In sports, for instance, elite athletes probably wouldn’t reach the top of their game if their physical attributes do not match the demands of their chosen sport. Take for example Michael Phelps. He has been touted as the best swimmer in the world and many believe that a big part of his success is his tall frame, small torso, and big feet.

Of course, hard work and perseverance have also played a huge part in Phelps’ success as a swimmer. But do you think he would have been as successful in gymnastics as he is in swimming? Not likely.

Whether it’s in sports, career, or trading, the first step in discovering your niche is to always do a self-critical assessment. Think about what you can be best at. Ask yourself: What am I good at? What are my weaknesses? What am I most passionate about?

As a trader, you can ask yourself, where can I be most profitable?

Keep in mind that the ideal trading niche is one the fits your personality and your abilities. So if your trading stats aren’t what you hoped for after a good amount of trades, maybe you need to try new methods to discover what works for you.

One great way to get to know yourself better and find your trading niche is by taking personality quizzes. And no, I’m not talking about quizzes like “Which Twilight character are you?” or “Which Hogwarts house should you be in?” I’m referring to those quizzes created to match your personality with trading methods or risk management strategies that could work best for you.

Lucky for you, we here at BabyPips.com decided to put together a set of personality quizzes to help you find your corner in the sky. These quizzes cover various trading topics, such as trading styles and different stop placement techniques. These could also help you figure out your attitude towards risk and whether you should be a discretionary, mechanical, or hybrid trader.

But that’s not all! At the end of each quiz, we also included a set of pages to visit and suggested readings tailor-fit for your results. Isn’t that amazing?!

Of course, it’s still important to take the results with a grain of salt. The results you get are just recommendations based on your answers and are meant to get you onto the right path. With that said you shouldn’t completely box yourself to your results — these recommendations are just the beginning and as you get better, keep an open mind to all new experiences and realities to help you evolve and grow your trading abilities.

So, what are you waiting for? Get the ball rollin’ by taking our first personality quiz: Which Trading Style is Best for You?

2 comments

    • Joshua Pearce Gibson

      Having a penchant for golf and classical music pretty much doomed me to being categorized as a long-term/position trader, but given that’s what I am, I can’t call it flawed.

      Reply

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