Trader Test

When looking to fill a trader position, it's important to make sure that the candidate has the skills necessary to do the job. A trader skills test can help ensure that the candidate is a good fit for the position.

  • What is a trader skills test?

    A trader skills test evaluates whether an individual has the skills and abilities needed to become a successful trader. The test is used primarily in the early stage of a recruitment process enabling recruiters to filter their applicant pool down to only those demonstrating the skills needed for this role.

    Using scenario-based and multiple-choice questions, the trader skills test evaluates individuals on skills such as analytical thinking, numerical reasoning, and interpersonal skills.

    Candidates that score highly on the test have the skills needed for this type of role and can be shortlisted for the next stage of the interview process.

    Using trader test as a pre-screening tool makes for an objective recruitment process, ensuring that suitable candidates are selected based on their skills and abilities alone.

Jump to a section on this page:

  1. What is a trader skills test?
  2. What are the benefits of using the trader skills test for pre-screening?
  3. How our test measures trader skills
  4. Trader Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the trader skills test for pre-screening?

    There are many benefits to using the trader skills test when recruiting traders. The role of a trader is often highly sought-after, attracting a large volume of applicants. Successful traders must have a specific skill set to be successful in the role.

    Skills such as teamwork, adaptability, communication skills, attention to detail, and the ability to make logical decisions are vital in this role. Traders must be accountable for their decisions and demonstrate daily numerical reasoning skills.

    These skills are often difficult to assess from a CV or interview alone. When faced with many applications, it can also be challenging to distinguish between candidates of similar skills and experience levels.

    Using the trader skills test in the recruitment process provides recruiters with an easy-to-administer and cost-effective way to filter down a large applicant pool to only those proficient in the skills needed for success as a trader.

    Those candidates who score well on test have the skills to make quick decisions, analyze numerical and financial data and take action on this in the interests of the client or company they work for. These candidates can be progressed to the later stages of the recruitment process. Those that attain scores below the benchmark can be eliminated from the recruitment process.

    The data derived from the tests can also be used as comparative data in assessing candidates according to proficiency levels needed for each skill evaluated.

    Other similar professions also share the skills needed to be a trader, meaning the trader skills test can be used when recruiting for

More Job Skills Tests

How our test measures trader skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to be a trader were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our trader test is constantly updated and optimized to ensure the best experience and results.

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Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

Trader Test FAQs

What skills does the trader test evaluate?

The trader skills test evaluates several skills needed to be a successful trader. These include accountability, adaptability, and decision making skills. Communication and interpersonal skills are also assessed as part of the trader skills test, along with skills such as time management and analytical and numerical reasoning abilities.

What types of questions are on the trader test?

The trader test is comprised of a series of multiple-choice and situational questions. These questions evaluate individuals on the essential skills needed to succeed in the position, such as decision-making, accountability, and teamwork. Situational questions detail scenarios traders will likely face when working in the role.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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