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Monday, December 3, 2012

Trading Personality Types




Successful forex traders come from all educational backgrounds and fields and so no particular career path will prepare you for the unique pursuit of profits that forex trading offers.

Nevertheless, forex traders do tend to fit into certain personality types which define them both as traders and as individuals.

Tharpe’s Trader Personality Profiles

A professional psychologist and coach for traders by the name of Van K. Tharpe developed psychological profiles for the most common types of trading personalities. These trader types included: 
  1. Accurate, 
  2. Administrative
  3. Artistic
  4. Adventurous
  5. Detailed
  6. Facilitative
  7. Fun Loving
  8. Independent
  9. Innovative
  10. Planning
  11. Socially Responsible
  12. Spontaneous 
  13. Strategic
  14. Supportive 
  15. and Value Driven psychological profiles.

Furthermore, each type reflects a side of the trader’s personality that comes out in their trading process and which will affect the overall level of their trading success to varying degrees.

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