NEWSROOM

In the last year, 899 thousand 648 individual domestic investors participated in Borsa Istanbul. Online trading platform Binomo, which explained that human psychology is effective in the investment decisions taken, as well as financial literacy, explained 5 basic investor psychology.

*** This release is originally published in Turkish.
Google Translate Application translates the content you see on this page.***

İSTANBUL (TR) - With 2021, significant developments continue to occur in Turkey's investment ecosystem. According to Central Registrar's Office (CRA) data, the number of domestic investors trading in Istanbul Stock Exchange increased by 67% in March compared to the previous year and reached 2 million 236 thousand 892. Experts, on the other hand, note that more qualified transactions should be increased than the number of investors in the ecosystem. At this point, it was emphasized that human psychology, as well as financial literacy, is effective, while an important explanation for this issue came from Binomo, which is one of the most preferred online trading platforms of Turkish investors. Binomo Special Projects expert Anne Kimel explained that there are 5 basic investor profiles: “aggressive, flexible, defensive, edgy, Trader”. 

1. Aggressive Investor 

“He wants quick results and is impatient. It is difficult to adopt a long-term strategy that involves buying stocks and then holding them for a long time. It also exhibits a risky investor profile. Because the goal of getting fast results causes him to make purchases and sales more with his impulses.”

2. Flexible Investor 

“He is neither innately offensive nor defensive. He's more pragmatic and open-minded. To solid revenues (dividends, bonds, etc.) and focuses on growth with cash. It avoids radical changes, achieving relatively consistent results.”

3. Defensive Investor 

"He is cautious, he does not prefer to take risks. So he focuses on making investments that make him feel safe. It basically invests in relatively fixed assets, whose movements are not very variable.”

4. Frustrated Investor 

"It also reflects their state of anxiety. As in normal life, he shows aggressive behavior during Investment. Excessive sales, bad investment decisions, frequent strategy changes are some of them.”

5. Trader Investor 

"It makes moves towards achieving more short-term gains. In other words, it tends to move the mobility of the trade ecosystem to the investment ecosystem. But it can also be counterproductive to general investment logic from time to time.”

"Every investor needs to develop a prescription knowing their own profile”

“The best investors are usually calm and patient, " said Anne Kimel, a Binomo Special Projects expert who assesses their analysis. In this way, they can set strategic goals and implement them as needed. They don't panic, they learn easily from their mistakes. But when people invest, they reflect their experience, psychological characteristics, habits and tendencies even into their decisions. Because they know they have to act by accepting the risks. Because in the investment ecosystem, no tool offers a guarantee of profit, and unsuccessful transactions, such as successful transactions bring profits, also cause losses. This, in turn, makes investors feel under pressure from time to time. In order not to make wrong moves under pressure, each investor needs to develop a prescription knowing their own profile,” he said. 

It is possible to learn to be an investor with Demo accounts 

"As Binomo, we facilitate the discovery of the investment world with our user-friendly interface and mobile applications and play an instructive role in this process. We aim to increase the right steps in investment by providing professional-level trainings, analytical services, customer support and brokerage services. With membership models suitable for every experience level, we offer the opportunity to invest in more than 60 assets depending on account type, from World exchanges to foreign exchange and commodities. It also paves the way for those who have not invested before but want to take steps on this path to start trading with minimum investments through demo accounts, offers educational support, so that we teach how to trade, avoiding risks such as high amounts of loss of income. Because we know that being an investor can be learned. Until the end of April, we give 2 times the bonus to users who join our platform with the ‘BONUSTR’ code, ” he said.