The character of a trader and the specifics of trading on the stock exchange associated with it
Lately, I've been coming across a lot of articles in which the authors describe what a real trader should be like.
Most people believe that a real trader is a reasonable person who knows how to analyze, wait, and make informed decisions.
But as life shows, it is practically impossible to change a person’s character; it is much easier to find a type of activity that takes into account individual character traits.
This approach can also be applied to stock trading, as today there is a huge number of trading options.
Peculiarities of trading for a choleric person
If you're quick-tempered and impatient, and long waits for results become a real torment for you, then the best choice would be trading on short time frames using the scalping strategy - https://time-forex.com/skalping
Typically, such transactions do not last more than 1-15 minutes, and even a choleric person will have enough patience to wait for the transaction result and not close the position prematurely.
In addition, one of the characteristics of this type of character is the ability to make quick decisions, which is especially important in short-term trading.
Choleric people can also be advised to use advisors or social trading .
Sanguine traders
Psychologists call this personality type the most universal, so people with sanguine traits can choose almost any trading strategy.
But the most optimal choice would be short-term or intraday trading ; these two strategies will bring the sanguine person the maximum profit.
If desired, you can also use exchange trading systems automatically.
Melancholic and trading
Melancholics are people with a rather complex character type, which makes them practically unsuitable for independent trading.
Therefore, I would recommend that such people use advisors to make money on the stock exchange or switch to investing in PAMM accounts . In doing so, they should choose the least risky strategies.
Can a phlegmatic person trade on the stock exchange?
They are usually calm, balanced people who make balanced decisions, which is why they are often called indecisive.
Phlegmatic people need more time to analyze and make decisions, so the best choice would be long-term investments rather than scalping.
For example, investing in the stock market is preceded by extensive analysis, but the investment is then held for at least several months. Using trading robots or copy trading can also help mitigate indecision.
All of the above is just a recommendation. Thanks to the availability of demo and cent accounts today, you can try your hand at any strategy without risking large sums of money.
Moreover, there are practically no pure character types; each person has individual traits from one category or another.
