Profile of a Trader
What does it take to be a Trader? Our 2020 survey gives a great insight into the Profile of a Trader:
It's not a hobby, you want to make money!
- 68% of you want trading to provide your main source of income. 28% want to use trading to supplement current income and only 4% see it as a hobby
You're prepared to put in the effort
- 20% now trade on a full time basis, while 48% trade actively part time fitting it around a job/business commitments
You have the experience
- A quarter of you have been trading for over 10 years, another quarter for between 5 and 10 years, while a further third have been trading for at least 2 years
You're playing the long game
- A whopping 84% of you don't see yourself stopping trading, while only 4% of you see it as a short term thing
You have serious money to trade
- 68% of you have over $5,000 in a trading account, with almost 30% of you having over $20,000
You understand risk limits
- The majority of you have a risk limit of $500 per day and between $250-$500 per trade
You're not happy with your performance
- Only 28% of you think you're making a positive overall return on your trades
and ...... you've spent a lot of money on trading software, tools, courses, books etc.
- A third of you have spent over $10,000, with the vast majority of you having spent at least $5,000
