The character of the trader and the peculiarities of trading on the stock exchange associated with him
Lately, we very often come across articles in which the authors tell what a real trader should be like.
According to most people, 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, since today there are simply a huge number of trading options.
Features of trading for choleric people
If you are quick-tempered and impatient, and waiting a long time for results turns into real agony 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 result of the transaction and not close the position ahead of time.
In addition, one of the features of this type of character is the ability to quickly make decisions, which is especially important in short-term trading.
Cholerics can also be advised to use advisors or social trading .
Sanguine traders
Psychologists call this type of character the most universal, so people with sanguine traits can choose almost any trading strategy.
But the best choice would be short-term or intraday trading ; these two strategies will bring maximum profit to the sanguine person.
If desired, you can also use stock trading systems automatically.
Melancholic and trading
Melancholic people are people with a rather complex character type that is practically unsuitable for independent trading.
Therefore, I would recommend that such people, to make money on the stock exchange, use advisors or even switch to investing in PAMM accounts . At the same time, choose the least risky strategies.
Can a phlegmatic person trade on the stock exchange?
Usually these are calm, balanced people who make informed decisions; because of this, they are often called indecisive.
Phlegmatic people need more time to analyze and make a decision, so the best choice would not be scalping, but long-term investments.
For example, investments on the stock exchange, when a transaction is preceded by a long analysis, but after that the investment is opened for a period of at least several months. Using trading robots or copying trades will also help eliminate indecision.
All of the above are only recommendations; thanks to the availability of demo and cent accounts, today you can try your hand at any strategy without risking a lot of money.
Moreover, there are practically no pure character types; each person has individual traits from one category or another.