Forex Quiz: What Type of Trader Are You?
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Are you the new trader on the block, just starting their career on the hunt for information and needing a trading edge to start making profits?
Or, are you the James Bond who has all the best tools, never gets flustered no matter what the situation and could recite their trading plan whilst under extreme pressure?
And; what can you do right now to move to the next stage in your trading?
There are no email or name fields to fill out, so your answers are your own and the quiz only takes about 2-3 minutes with seven questions.
After taking the quiz, let me know in the comments section below how you went. I would love to hear exactly what trader you are, what trader you plan to become and the strategies you are going to use to get there! Let me know!
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James Bond
A cool, calm, reassured trader that is ready for any situation that trading may present you. You are well educated, you have all the correct trading tools and understand your own trading edge back the front.
Where to From Here…
The best thing you can do now is to make sure you have the best charts and broker to save on trading commissions and costs, and to continue to fill out your trading journal.
Regular reviews of your journal could increase your profit margins in your trading business. This can also help you pick up on any mistakes and any potential failures that could be creeping into your trading edge. Your trading journal is your first line of defence when it comes to protecting against your trading edge. Make sure you use it!
Let me know in the comments section below what trader you are, if you agree and what trader you plan to become!
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The Wolf
You have a lot of experience in the markets, both good and bad and you are committed to finding success.
You have shown already that you have the passion, the commitment and the discipline to be a successful trader, you are just not quite there yet…
Where to From Here…
If you continue on the path you are on, then success will be yours, but only if you work hard at making your trading business into a machine.
You need to continue getting educated, use your demo trading account to perfect your method, and spend time in the markets building your high probability edge over the rest of the market.
Let me know in the comments section below what trader you are, if you agree and what trader you plan to become!
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Indiana Jones
The adventurer always looking to take down the next big 10/1 risk reward winner. You are new to the trading business and keen as mustard to find and source as much different information as you can.
This is normal, but can be extremely overwhelming, especially when there are so many different methods and so many different ideas around.
The Best Way Forward…
Whilst it is great to have information at your fingertips, it can also be a really big hindrance to where you want to go.
Rather than the help it is intended to be; too much information, all with conflicting views is sure to confuse and inflict ‘analysis paralysis’.
The best thing you can do for your trading is to commit to a method that suits your personality and become the MASTER of it.
Instead of being the jack of every second indicator or trading system, perfect the one method and learn it back the front. You can then perfect the heck out of it on your New York close demo charts before going live.
Once profitable on one method, you can move on and learn other methods if you choose to. This is by far the best way for you when learning to become consistently profitable.
Let me know in the comments section below what trader you are, if you agree and what trader you plan to become!
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Trading Pup
Whilst the markets are not new, in trading terms you are a trading pup. You are beginning to gain a solid grasp of the market and at times make really promising winning trades.
However; you often take steps backwards and give back your profits with decisions you quickly regret that leave you scratching your head and wondering why you just did that.
Where to From Here…
The best thing for you and your trading is to start making a lot of trades on a New York Close demo account.
Using a backtester can also help you iron out these kinks from your trading and get you use to making high probability trades time and time again.
You need to formulate a trading plan that you are happy with, you understand and that you can repeat just like a machine so that when you go into the market all you are doing is pulling the trigger on your trading edge.
To get to that stage however, you need to practice just like a golfer would practice their putting or an archer would practice aiming at their targets. The best way for you to practice is using something like Forex tester 3 backtester.
FT3 allows you to make a lot of trades in a really short amount of time. You can make the same amount of trades you would normally make in one whole year in just a couple of hours because you can fast forward the time.
Obviously that is super powerful and could take your trading forward in leaps and bounds if done correctly.
Let me know in the comments section below what trader you are, if you agree and what trader you plan to become!
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- Review
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Question 1 of 7
1. Question
How long have you been using the method / strategy / system you use now?
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Question 2 of 7
2. Question
How long have you been trading?
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Question 3 of 7
3. Question
Are you profitable?
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Question 4 of 7
4. Question
How would you best describe what you do?
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Question 5 of 7
5. Question
What is your biggest trading fear?
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Question 6 of 7
6. Question
Do you honestly have a trading plan with clearly defined trading rules? (Be honest with yourself to get the most out of this).
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Question 7 of 7
7. Question
What do you want to achieve in your trading?
For now, I’m Indiana Jones and totally agree. 🙂
I’m just starting in this and really hope to be able to complement my income.
Your lessons are really helpful.
Thanks, Johnathon!
Hi Vladimir,
awesome! Glad they help and you liked the quiz.
Johnathon
I hava the TDI and currency strength meter(free versions) downloaded on my demo account.Most of the time works,but then sometimes it wipes everything.
Hi Subbarao,
have you settled on a strategy, method and decided what you will perfect?
Johnathon
To be frank with you, I’m not yet a trader. I’m still to begin. For now I’m still at the level of gathering information and trying to familiarize myself with the DEMO environment. So who am I? .
I’m a devoted trainee hunting for all necessary and essential information to cultivate myself into a serious trader whose life will depend solely on trading.. This is why I solicited for your coaching and mentorship. I want you to transform me into a real professional forex trader of international repute. I trust you can do this for me..
Hi Ettah,
did you take the quiz to find out who you are?
You have started as you have started the process of learning and are here right now. It is not only the entering of trades that makes a trader.
You can find a ton of free information including a guide on how to use MT4 demo by using search at bottom of page.
Safe trading,
Johnathon
Johnathon Fox,
I have scoured the wolf from the quiz . Onec again thanks for your begainer price action course. I have completed the course and testing my strategy ( position swing trading)based on price action. The 80% of trading decision I made are right. Although some times I’m scared , is it I’m doing well in my technical analysis or I’m getting lucky.Can u give some suggestions.
New in the Forex trading markets, wanted to Master the trading
Another Indiana Jones here 🙂 Ah, we are too many 😉
I’m an indiana jones I’ve been trading now for 2 yrs and have made the move to trading full time. I have a system that fits me using the 5min charts. I have proved the system to be profitable yet am going through a stage of not taking the trade set up when it shows up. The pressure of doing it full-time is obviously different and my brain has created a risk aversion problem which I have taken to meditation to get back on track.
I am a trading pup, trying my best to analyze what the candles giving me, I like to follow ATR and MOVING AVERAGE indicator. I started trading on 4 pairs at a time and traded for 2 days and close all for 46 dollar +. I say this must be a fluke. I must have learned a lot by reading your lessons.Thanks and hope to go on with trading.
I’m a wolf!
I am a the Wolf, my only problem is that I trade somuch currency pairs, may be 7-8 pairs. The year a made a furtune was 2015 when Swiss remove their peg on euro, boom 1500+ pips down on usd/chf then i went long the next day on same pair because I knew for sure it’s going to reverse. Overall history I made profit, but I loose consistently!
i am the wolf
Indiana Jones .. Thanks you very much for your time to prepare this amazing quiz Johnathon ..Its so wonderful and great stuff of you .. Need to do more practice in my trading … Cheers ..
Hi jonathon ,my name is Abel from Kenya ,am Very new in Forex trading ,I would like to learn and be closely mentored ,in future I want to a real expert
Thank you for the Quiz.
I do not know much about Indiana Jones, but I agree with the trader description. Moreover I knew it before taking the test.
I have been loosing trades for years now; I am over the “indicator’s syndrome” and I realised that price tells you all you need, it embodies the sentiments of all the traders in the world. One has just to be able to interpret it and trust one’s judgement.
In theory I know all this, but then I change my attitude when trading and fear losses as if they would diminish myself (and not just my account).
Anyway, I had never written to a mentor before; may be it is a sign that I am about to change.
Best regards and best wishes for a New Year
Oscar
Nice to hear from you Oscar and successful 2019!
Johnathon
Hi Johnathon Fox
I want to learn forex trading to make profit and show it to other people so they too try to learn and trade.
At present aI am too busy and can not study and practice trading with it needs .
I thought of going to London trading academy for training. I need your advice for a training physical facility like the LTA in London.
Indiana Jones for now 🙂
Indiana Jones – absolutely – with a huge dose of analysis paralysis
Thank for you the Quiz Johnathon Fox I believe I’m going to learn and master my strategy under guidance
You’re welcome and great to have you.
Johnathon