Soft Skills: What Makes A Good Trader? | Business Studies

Welcome to another post on my blog. Today, in Business Studies, we learnt about soft skills and trading. We were given the main question, "What makes a good trader?" to think about. 

Image by Melissa Ling. © The Balance 2018
Credit: https://www.thebalancecareers.com/hard-skills-vs-soft-skills-2063780

Soft skills are personal attributes that influence how well you can work or interact with others. These skills make it easier to form relationships with people, create trust, dependability and/or leadership. These skills are important in achieving your business goals. From this list are skills of soft skills.

• Relationship building
• Communication/Storytelling
• Effective communication skills
• Collaboration
• Business communication
• Conflict management and resolution
• Adaptability
• Flexibility
• Sales presentations & demos
• Prospecting
• Creativity
• Critical thinking/Problem solving
• Time management 

Employers look for soft skills in applicants because these skills are hard to develop and are essential for long-term success. Soft skills are distinct from hard skills, which are technical and job-specific.

Hard skills are teachable abilities or skill sets that are easy to quantify. The skills are achieved through training or education that are needed to complete a job. These skills can be technical knowledge or abilities that are simply defined and measured. Hard skills may also be considered job-specific skills and can change from occupation to occupation. These types of skills can be acquired and honed through certifications, schooling, training, courses and on-the-job training. The following examples are hard skill examples:

• Bilingual or multilingual
• Degrees, apprenticeships, certificates
• Accounting
• Database management
• Mobile development
• User interface design
• SEO/SEM marketing
• Programming languages (such as Perl, Python, Java and Ruby)
• Typing speed
• Machine operation
• Software knowledge