Pengaruh Disiplin Trader dan Manajemen Risiko terhadap Kinerja Trading Forex pada Komunitas “ARKEIN”

Andika Dwi Saputra; Komarun Zaman; Aisyah Darti Megasari; Nuryadi Nuryadi

doi:10.61132/moneter.v4i4.2718

Authors

Andika Dwi Saputra Sekolah Tinggi Ilmu Ekonomi Pemuda
Komarun Zaman Sekolah Tinggi Ilmu Ekonomi Pemuda
Aisyah Darti Megasari Sekolah Tinggi Ilmu Ekonomi Pemuda
Nuryadi Nuryadi Sekolah Tinggi Ilmu Ekonomi Pemuda

DOI:

https://doi.org/10.61132/moneter.v4i4.2718

Keywords:

Forex Trading, Risk Management, Trader Discipline, Trading Performance, Trading Community

Abstract

This study aims to analyze the effects of trader discipline and risk management on forex trading performance within the “Arkein” community, both partially and simultaneously. The study employed a quantitative approach using a survey method. Primary data were collected through an online questionnaire distributed via Google Forms to 130 respondents who participated in the study. The collected data were processed and analyzed using IBM SPSS. The analytical techniques included multiple linear regression analysis, partial hypothesis testing using the t-test, simultaneous hypothesis testing using the F-test, and coefficient of determination analysis. The results show that trader discipline has a positive and significant partial effect on forex trading performance. This indicates that higher levels of discipline among traders are associated with better trading performance. Risk management also has a positive and significant partial effect on forex trading performance, indicating that proper risk management contributes to improved trading outcomes. Furthermore, trader discipline and risk management simultaneously have a positive and significant effect on forex trading performance. These findings demonstrate that discipline and effective risk management are important factors in supporting forex trading performance among members of the “Arkein” community. Therefore, consistent trading discipline and appropriate risk management practices are essential for achieving better forex trading performance.

Downloads

Download data is not yet available.

References

Berlinger, E., Dömötör, B., & Szűcs, B. Á. (2021). Irrational risk-taking of professionals? The relationship between risk exposures and previous profits. Risk Management, 23, 243–259. https://doi.org/10.1057/s41283-021-00076-5

Han, G., & Preda, A. (2026). How trading shocks shape risk preferences: Nonlinear evidence from retail forex traders. Review of Behavioral Finance, 18(2), 286–304. https://doi.org/10.1108/RBF-06-2025-0229

Implementasi Etika Bisnis Untuk Memperkuat Daya Saing UMKM di Era Digital. (2026). Jurnal Ilmiah Ilmu Manajemen, 7(1). https://jurnal.ugp.ac.id/index.php/JUIIM/id/article/view/2368

Majdina, N. I., Pratikno, B., & Tripena, A. (2024). Penentuan ukuran sampel menggunakan rumus Bernoulli dan Slovin: Konsep dan aplikasinya. Jurnal Matematika dan Pendidikan Matematika, 16(1). https://doi.org/10.20884/1.jmp.2024.16.1.11230

Malkewitz, C. P., Schwall, P., Meesters, C., & Hardt, J. (2023). Estimating reliability: A comparison of Cronbach’s α, McDonald’s ωt and the greatest lower bound. Social Sciences & Humanities Open, 7(1), 100368. https://doi.org/10.1016/j.ssaho.2022.100368

Memon, M. A., Thurasamy, R., Ting, H., & Cheah, J.-H. (2025). Purposive sampling: A review and guidelines for quantitative research. Journal of Applied Structural Equation Modeling, 9(1), 1–23. https://doi.org/10.47263/JASEM.9(1)01

Mohd Rokeman, N. R. (2024). Likert measurement scale in education and social sciences: Explored and explained. EDUCATUM Journal of Social Sciences, 10(1), 77–88. https://doi.org/10.37134/ejoss.vol10.1.7.2024

Nuryadi, N., Setyowati, L., Arifin, S., & Siswohadi, S. (2020). The Effect Of Good Corporate Governance on Financial Performance in PT X. IJEBD (International Journal of Entrepreneurship and Business Development), 3(2), 213-220.

https://doi.org/10.29138/ijebd.v3i2.1010

Strategi Manajemen Risiko Finansial Penyewa Dalam Pembukaan Stan Pasar Tradisional Modern (Studi Kualitatif: Pasar Turi Baru, Surabaya). (2026). Jurnal Media Akademik (JMA), 4(3). https://jurnal.mediaakademik.com/index.php/jma/article/view/5301

Sekścińska, K., Rudzinska-Wojciechowska, J., & Jaworska, D. (2021). Self-control and investment choices. Journal of Behavioral Decision Making, 34(5), 691–705. https://doi.org/10.1002/bdm.2236 Siswohadi, S., Nuryadi, N., Manan, A., Tristanti, N. D. A., Praneta, J. A. T., & Ernawati. (2022). Penerapan sistem akuntansi dengan basis teknologi informasi sebagai penunjang kinerja karyawan pada Bank BPR Ekadharma Bhinaraharja Kabupaten Magetan. AMMA: Jurnal Pengabdian Masyarakat, 1(4), 292–298. https://journal.mediapublikasi.id/index.php/amma/article/view/3775

S., Ziliwu, R., Masitah, R., & Soetjipto, A. (2025). Resistensi karyawan dalam proses manajemen perubahan organisasi. Jurnal Ekonomi Dirgantara, 9(12), 41-44. https://eco.ojs.co.id/index.php/jed/article/view/203

Uhr, C., Meyer, S., & Hackethal, A. (2021). Smoking hot portfolios? Trading behavior, investment biases, and self-control failure. Journal of Empirical Finance, 63, 73–95. https://doi.org/10.1016/j.jempfin.2021.05.006

Zeng, B., Jeon, M., & Wen, H. (2024). How does item wording affect participants’ responses in Likert scale? Evidence from IRT analysis. Frontiers in Psychology, 15, 1304870. https://doi.org/10.3389/fpsyg.2024.1304870

Maharani, N. D., & Ibrahim, H. (2024). Analisis pengelolaan valuta asing serta pasar valuta asing di Indonesia. JUREKSI (Journal of Islamic Economics and Finance), 2(1), 118–130. https://doi.org/10.59841/jureksi.v2i1.744

Fitri, K., Layli, A., Fatiha, N., Tasya, T., & Hendra, J. (2026). Integrasi FOMO dan literasi keuangan dalam membentuk model keputusan investasi IPO yang lebih rasional. JURIMEA: Jurnal Ilmiah Manajemen, Ekonomi dan Akuntansi, 6(1), 293–307. https://doi.org/10.55606/jurimea.v6i1.1844