Results of the research by TU Research Department (*)
To answer the question of whether it is worth using take-profit orders when trading in the Forex market, the team of TU analysts surveyed 1,800 successful traders. The respondents were traders from different parts of the world, trading via the brokers from the Top 10 of the Traders Union rating. All respondents have shown profitable trading for at least one year. The survey was conducted using the CAWI (Computer Assisted Web Interviewing) method. The non-sampling error of the survey with a confidence level of 95% is no more than 2%.
6.1. Surveyed traders by gender:
74% — men;
26% — women.
Picture 6.1.Respondents by gender, %
6.2. There are the following age groups in the sample:
38% of the respondents are aged 18-30;
40% — aged 30-45;
18% — aged 45-60;
4% of the respondents are older than 60
Picture 6.2. Respondents by age, %
6.3. In terms of their trading experience, the composition of the respondents was as follows:
3% of the respondents have been trading on Forex for over 10 years;
27% — more than 5 years;
44% — from 3 to 5 years;
26% — from 1 to 3 years.
Picture 6.3. Respondents by Forex trading experience, %
6.4. In terms of the average monthly deposit growth for the last six months the results of the surveyed traders are as follows:
3% of traders — up to 15%;
15% of traders — up to 10%;
32% of traders — up to 5%;
33% of traders — up to 3%;
17% of traders — up to 1%.
Picture 6.4. Average monthly return rate of successful traders, %
6.5. The responses of the respondents regarding their trading strategies were as follows:
49% use long-term strategies;
51% — short-term strategies.
Picture 6.5. The ratio of use of long-term and short-term trading strategies, %
6.6. The responses of the respondents to the question “Do you use take-profit orders when trading in the Forex market?” were as follows:
Yes, I use T/P — 40%;
No, I don’t use T/P — 31%
I use T/P sometimes — 29%.
Use of T/P |
Votes |
% |
Yes, I use T/P |
720 |
40% |
No, I don’t use T/P |
558 |
31% |
I use T/P sometimes |
522 |
29% |
Total |
1800 |
100% |
Table 6.6. Distribution of traders’ answers on their use of take-profit orders in the Forex market.
Picture 6.6. Use of take-profit orders, %
The respondents who answered “Yes, I use T/P” or “I use T/P sometimes”, were also asked about the principle of setting a take-profit order.
The result is as follows:
24% of traders set take-profit orders based on the borders of a trading pattern or price channel;
19% of traders – based on volatility;
29% of the surveyed traders – based on predetermined number of points or percentage;
28% of traders – based on the ratio between Take-profit and simultaneously set Stop-Loss.
Principle of setting take-profit orders |
Votes |
% |
Borders of a trading pattern or price channel |
298 |
24% |
Volatility |
236 |
19% |
Predetermined number of points or percentage |
360 |
29% |
Ratio between Take-profit and Stop-Loss |
348 |
28% |
Total |
1242 |
100% |
Table 6.7. Distribution of traders’ answers regarding the principle of setting take-profit orders
Picture. 6.7. Distribution of traders’ answers regarding the principle of setting take-profit orders, %
(*) Survey criteria:
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Survey audience: Forex traders of the TU community aged 18 and older trading with the brokers from the TOP 10 list of TU rating.
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The sample is representative in terms of age, gender and Forex trading experience.
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Sample number: 1,800 respondents.
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Survey method: CAWI (Computer Assisted Web Interviewing).
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Non-sampling error of the study with a confidence level 0.95: no more than 2%.
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Period of survey: August 9-12, 2023.