We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Your Result
Scroll
Take the test again

YOUR RESULT

Event-Driven Trader

Based on your answers, you would most likely be a Event-Driven Trader in the world of forex trading.

What is an Event-Driven Trader?

Event-Driven Traders seek to capture intra-day volatility spikes triggered by major macroeconomic or geopolitical event risk. This includes high-impact economic statistics, monetary policy announcements, elections and speeches from influential officials. This strategy seeks to profit from the readjustment of market consensus in instances where baseline expectations were not met. That makes the approach inherently contrarian to some extent, meaning it can also be particularly risky.

Open a demo account

Why did I get this result?

It’s clear that you are someone who always keeps up to date with world news and has an interest in how major events have wider impacts that perhaps some people fail to realise. You stay in the loop with current events at all times, be they global or local. Furthermore, you constantly analyse how these events might impact you and your life.

Your answers also suggest that you take time to research issues which might have a larger impact later on and are able to make informed decisions based on the news cycle and events happening around you.

Finally, you seem determined to check both your trades and the global news headlines regularly, ensuring you always stay informed around your potential forex trades. While your decisions based around events may incur significant risk, you seem confident in being able to work around it.

REMEMBER, these results were based on a short personality test. Forex trading in your suggested style will not guarantee success.

Which assets may be compatible with this trading style?

Aspiring Event-Driven Traders might consider:

Am I destined to be an Event-Driven Trader forever?

As you grow and learn within the world of forex trading, your style and approach to trading will develop as well. In a few years, you might have changed your trading style a little. Take this test again 12 months into your forex trading career and see if you have remained an Event-Driven Trader, or if you’ve become a Scalper, a Swing Trader, a Position Trader or an Algorithmic Trader.

REMEMBER, these results were based on a short personality test. Forex trading in your suggested style will not guarantee success.

What is my next step?

If you’re just starting out in your career of forex trading, then DailyFX.com and our years of experience can help put you on the right path. Now you know what type of trading style suits you, why not start putting your strategy into practice? Open a demo account with IG, the provider of DailyFX, today.

Open a demo account

Join one of our regular webinars to get insights into the world of forex trading and learn how to develop your own trading strategy. These sessions are run by experienced traders who will discuss emerging opportunities and the latest proven strategies for budding Event-Driven Traders such as yourself.

Webinars

You can also download our free e-book, Tips of a Successful Trader, to learn from real forex traders about the common pitfalls and how to avoid them.

Tips of a Successful Trader

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365)