What type of trader are you?
Melbourne, Australia (PRWEB UK) 18 December 2013
Award winning online Forex trading company GO Markets have launched an interactive quiz.
The quiz uses a number of questions such as 'What is the largest amount of money you have lost in one trade?' and 'What is your attitude towards risk?' to determine what an individual's trading style is – shark, bear, whale or bull. Individuals can then compare their trading style with others.
Although intended as fun, there is a serious underlying message. Understanding one's Forex trading style is important to help construct an effective strategy – taking into account an individual's strengths and weaknesses allows them to focus on the types of trades, currency pairs and timeframes best suited to their personality.
For example, if a trader is found to be a shark – a high-risk investor looking for big scores in a short period of time – they might want to invest in highly volatile currency pairs like GBP/JPY using high leverage to make big wins out of small movements over the course of the day, rather than hold open positions over a period of days or weeks.
The Australian based company are using the quiz to generate interest ahead of the launch of their full UK site in January. GO Markets are looking to strengthen their position in one of the world's leading financial centres by offering a tailored UK service from a distinct UK site.
GO Markets are a market leading online Forex trading company based in Melbourne, Australia. They are a major provider of online foreign exchange trading services to both individuals and institutional clients world-wide, for which they have won numerous awards.
About GO Markets
GO Markets is a leading provider of Forex trading services, offering margin FX and commodities trading to individuals and institutions globally. Fast-execution of trades, flexible leverage options and multi-bank liquidity feeds set GO Markets apart from other providers in the industry. GO Markets users enjoy unrestricted use of expert advisors, free trading tools, charting packages and mobile trading across 4 devices.