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Based on your answers, you would most likely be a Scalper in the world of forex trading.

What is a Scalper?

A Scalper is characterised by a very fast-paced approach to forex trading. They seek to profit from short-term price swings, often by applying a rigid system based on evaluating price action. More often than not, a Scalper will have strict entry, exit and risk management parameters, which are carefully calibrated to ensure that winning trades will always outweigh losing ones over time. Scalpers trade in a world of rapid-fire frequency and require strict emotional discipline to execute their approach, meaning it can be particularly risky, but can also reap substantial rewards.

Why did I get this result?

Based on your answers, it’s clear that you perform well in fast-paced environments, working with immediacy and making split second decisions in order to win.

You also seem to look for immediate rewards, preferring regular small wins over occasional larger ones. Snappy, last-minute information seems to influence your decision making, and you don’t seem opposed to accepting some risk in order to find success.

Finally, you’re interested in dedicating a lot of time to forex trading. This is an important attribute for any Scalper as you will need to be constantly checking your trades in order to benefit from small, regular successes.

Which assets may be compatible with this trading style?

Aspiring Scalpers might consider:

Am I destined to be a Scalper forever?

As you grow and learn within the world of forex trading, your style and approach to trading will develop as well. The Scalper style matches your current attitude to life and work, but 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 as Scalper, or if you’ve become a Swing Trader, a Position Trader, an Algorithmic Trader or an Event-Driven 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?

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 Scalpers such as yourself.


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.

Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material.