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Study Guide for Come Into My Trading Room - Forex Factory

Study Guide for Come Into My Trading Room - Forex Factory

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N I N E<br />

THE ORGANIZED TRADER<br />

Answer 83<br />

Factor 3 is correct. Give yourself three points <strong>for</strong> choosing the right<br />

answer.<br />

All factors listed here are important, but none more so than discipline.<br />

Markets are full of intelligent people with experience and imagination<br />

who have been trained and still fail to make money. Discipline<br />

is the key factor; without it all others are useless.<br />

Answer 84<br />

Choice 2. Give yourself four points <strong>for</strong> choosing the right answer.<br />

Good records are the key factor in disciplined trading. Keeping them<br />

leads to a reduction in trading mistakes. No matter how good your<br />

records, no matter how proficient you become in trading, nothing permits<br />

you to relax your money management discipline; if anything, as<br />

traders get better, they tend to tighten their money management.<br />

Answer 85<br />

E. All of the above. Give yourself four points <strong>for</strong> choosing the right<br />

answer.<br />

Entry and exit dates and price levels are the basic starting points <strong>for</strong><br />

this spreadsheet. It also helps to keep an eye on expenses. A more<br />

133

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