05.04.2013 Views

Study Guide for Come Into My Trading Room - Forex Factory

Study Guide for Come Into My Trading Room - Forex Factory

Study Guide for Come Into My Trading Room - Forex Factory

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

94 ANSWERS AND RATING SCALES<br />

ten records, which allow him to review the behavior of the market, as<br />

well as his own, and make the necessary corrections. Discussing open<br />

trades with others is one of the most subversive behaviors, which is why<br />

a disciplined trader does not do it.<br />

Answer 17<br />

1. C<br />

2. D<br />

3. E<br />

4. B<br />

5. A<br />

Give yourself a point <strong>for</strong> each correct answer.<br />

Keeping your records up to date is one of the best indicators of your<br />

level of discipline. You will benefit from analyzing your records, but the<br />

mere fact of starting to keep them and keeping them up to date will put<br />

you a step ahead of the crowd.<br />

Answer 18<br />

E. 1 and 4. Give yourself 4 points <strong>for</strong> answering correctly.<br />

All traders, especially beginners, must focus on a few markets and keep<br />

grading their per<strong>for</strong>mance. Having too much money and chasing too<br />

many stocks tends to lead to sloppy trading. Making money is the overall<br />

goal of trading, but learning to trade is the essential first step. It is easier<br />

and less stressful to learn while trading a relatively small account. A feeling<br />

of excitement is a sign of trouble. The best trades often look iffy at first,<br />

and we take them only because our rules <strong>for</strong>ce us to do so.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!