A recent study by CMC Markets has unveiled that Singapore’s top traders are not only adept at managing risks but also engage in diverse trading strategies and lifestyle choices that contribute to their success. The survey, which included over 500 active investors in Singapore, highlights that 83% of high-performing traders view risk-taking as a crucial element of trading success.
The research reveals that these traders are significantly more likely to trade daily and hold a variety of assets, including Forex, exchange-traded funds (ETFs), and commodities. They are also more inclined to trade at market open and pre-opening times, seizing opportunities as they arise. Christopher Forbes, Head of Asia at CMC Markets, noted, “These insights highlight that trading success goes beyond technical knowledge – it’s equally about mindset and discipline.”
Beyond trading strategies, the study found that lifestyle factors play a role in trading success. High-performing traders are more likely to be married, own pets such as cats, and engage in activities like golf and martial arts. These lifestyle choices, according to the report, contribute to a well-rounded approach to trading and risk management.
The findings are part of CMC Markets’ “Own Your Trade” campaign, which aims to reshape perceptions of trading by emphasising the importance of mindset and strategic risk management. As Singapore’s traders continue to navigate the complexities of the market, these insights offer valuable lessons on the interplay between personal habits and professional success.
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