{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/forex-quiz\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/forex-quiz\/","headline":"Forex Quiz: What Type of Trader Are You?","name":"Forex Quiz: What Type of Trader Are You?","description":"Are you the new trader on the block just starting their career and on the hunt for information needing a trading edge?","datePublished":"2019-02-28","dateModified":"2019-10-16","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/11\/Forex-Quiz.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/11\/Forex-Quiz.png","height":630,"width":1200},"url":"https:\/\/forexschoolonline.com\/forex-quiz\/","about":["Article","Featured Articles","Survey"],"wordCount":1380,"articleBody":"Forex Quiz: What Type of Trader Are You?                                        Time limit: 0                                                Quiz-summary                            0 of 7 questions completed                        Questions:                                                                        1                                            2                                            3                                            4                                            5                                            6                                            7                                                                                                                            Information                                                                            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\u00a0has all the best tools, never gets flustered no matter what the situation and\u00a0could 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!                                                                                                                    You have already completed the quiz before. Hence you can not start it again.                                                                Quiz is loading...                                                                You must sign in or sign up to start the quiz.                                                                You have to finish following quiz, to start this quiz:                                                                Results                                        Time has elapsed                                                                Categories                                                                                                                        Not categorized                                0%                                                                                                                                                                                                                                        James BondA 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\u00a0to save on trading commissions and costs, and\u00a0to 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!                                                                                                                                                            The WolfYou 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\u00a0to 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!                                                                                                                                                            Indiana JonesThe 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!                                                                                                                                                            Trading PupWhilst 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\u00a0Here…The best thing for you and your trading is to start making a lot\u00a0of 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\u00a0all 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\u00a03 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\u00a0and 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!                                                                                                                                                                                                                                                                        1                                            2                                            3                                            4                                            5                                            6                                            7                                                                                                                                                                Answered                                                                                        Review                                                                                                                                                                                                                                                                                                                                                                            Question 1 of 7                                                                            1. Question                                                                                                                                                            How long have you been using the method \/ strategy \/ system you use now?                                                                                                                                                                                                                                                                                                                                                                                     1-3 months                                                                                                                                                                                                                                                                                                                                                                                                                             4-12 months                                                                                                                                                                                                                                                                                                                                                                                                                             1-3 years                                                                                                                                                                                                                                                                                                                                                                                                                             3+ years                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Question 2 of 7                                                                            2. Question                                                                                                                                                            How long have you been trading?                                                                                                                                                                                                                                                                                                                                                                                     0-6 months                                                                                                                                                                                                                                                                                                                                                                                                                             6 - 12 months                                                                                                                                                                                                                                                                                                                                                                                                                             12 months - 3 years                                                                                                                                                                                                                                                                                                                                                                                                                             3 years +                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Question 3 of 7                                                                            3. Question                                                                                                                                                            Are you profitable?                                                                                                                                                                                                                                                                                                                                                                                     No. Regularly losing.                                                                                                                                                                                                                                                                                                                                                                                                                             I have winning trades, but overall I am losing money.                                                                                                                                                                                                                                                                                                                                                                                                                             I am now at break even (that is I no longer am losing, but I am not making lots of profit either).                                                                                                                                                                                                                                                                                                                                                                                                                             I regularly and consistently make profits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Question 4 of 7                                                                            4. Question                                                                                                                                                            How would you best describe what you do?                                                                                                                                                                                                                                                                                                                                                                                     Looking for trade entries                                                                                                                                                                                                                                                                                                                                                                                                                             Forex trading                                                                                                                                                                                                                                                                                                                                                                                                                             Running a business                                                                                                                                                                                                                                                                                                                                                                                                                             Executing an edge over the market                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Question 5 of 7                                                                            5. Question                                                                                                                                                            What is your biggest trading fear?                                                                                                                                                                                                                                                                                                                                                                                     Don't have any                                                                                                                                                                                                                                                                                                                                                                                                                             Missing out on a big winning trade                                                                                                                                                                                                                                                                                                                                                                                                                             Being wrong i,e the fear of making the wrong decisions in the market to go long or short                                                                                                                                                                                                                                                                                                                                                                                                                             Not having orders executed by broker and account being blown                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    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).                                                                                                                                                                                                                                                                                                                                                                                     No. I am not 100% sure of my trading method, let alone a trading plan.                                                                                                                                                                                                                                                                                                                                                                                                                             I sort of know what my trading plan is in my mind. I just do not have it written down and there are no clear cut rules.                                                                                                                                                                                                                                                                                                                                                                                                                             Yes, I have a written plan. However; I may as well not have one because the rules are not clear cut and I continue to break them.                                                                                                                                                                                                                                                                                                                                                                                                                              I have a trading plan and if I gave it to a child not only could they understand it, they could take it into the market and make money with it.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Question 7 of 7                                                                            7. Question                                                                                                                                                            What do you want to achieve in your trading?                                                                                                                                                                                                                                                                                                                                                                                     Make enough money to go on end of year holiday                                                                                                                                                                                                                                                                                                                                                                                                                             I would like to be able to consistently pay the mortgage \/ rent each month                                                                                                                                                                                                                                                                                                                                                                                                                             I want to stay at the job I am in now, but supplement it with income from trading                                                                                                                                                                                                                                                                                                                                                                                                                             I want to trade full-time, relying on nothing, but trading for my sole income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        window.wpProQuizInitList = window.wpProQuizInitList || [];            window.wpProQuizInitList.push({                id: '#wpProQuiz_1',                init: {                    quizId: 1,                    mode: 0,                    globalPoints: 69,                    timelimit: 0,                    resultsGrade: [100,75,50,15],                    bo: 6151,                    qpp: 0,                    catPoints: [69],                    formPos: 1,                    lbn: \"Finish quiz\",                    json: {\"40\":{\"type\":\"single\",\"id\":40,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[2,5,7,10],\"correct\":[0,0,0,0]},\"2\":{\"type\":\"single\",\"id\":2,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[2,5,7,10],\"correct\":[0,0,0,0]},\"41\":{\"type\":\"single\",\"id\":41,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[1,3,7,12],\"correct\":[0,0,0,0]},\"42\":{\"type\":\"single\",\"id\":42,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[1,5,9,10],\"correct\":[0,0,0,0]},\"37\":{\"type\":\"single\",\"id\":37,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[1,7,7,7],\"correct\":[0,0,0,0]},\"38\":{\"type\":\"single\",\"id\":38,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[1,3,7,10],\"correct\":[0,0,0,0]},\"39\":{\"type\":\"single\",\"id\":39,\"catId\":0,\"disCorrect\":1,\"diffMode\":1,\"points\":[2,5,7,10],\"correct\":[0,0,0,0]}}                }            });                 "}