Plan Management Strategy Quiz

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Question 1 of 5

1. Question
Any form of trading on the Forex market involves making calculated decisions. We are investing our money! We want to take the trades that give us a high probability chance of winning. We don’t want to take trades because we love a gamble.

Which statement below is true about making calculated decisions on the Forex market?
- When we take a trade on the Forex market, we want to take as many trades as we can. If we are not trading, we are not making profits!
- When we take a trade on the Forex market, we want to risk as much money as we can afford to risk. The bigger the risk the bigger the return.
- When we take a trade on the Forex market, the first thing we want to do is protect our capital. We want to use our analysis and strategy to give us high probability winning trades and then use our money management to protect our trading account.
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Question 2 of 5

2. Question
Why is it so important for beginners to set themselves targets in trading?
- Targets in trading are there for the trader to focus on and understand what they need to accomplish to reach that target. By setting themselves targets, they know what to focus all their time and energy on before moving onto the next target.
- Targets in trading are there for the trader to show off to there friends on what they have accomplished.
- Targets in trading helps the trader make profits. The more targets they have, the more money they make.
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Question 3 of 5

3. Question
Is there such a thing as a Holy Grail strategy in trading?
- Yes
- No
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Question 4 of 5

4. Question
What is the number one reason why traders fail in trading?
- Poor Strategy
- Lack of money
- Emotions
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Question 5 of 5

5. Question
When are you ready to trade live?
- When i can win trades on demo.
- When i can consistency make profits on a demo account for 3 months and longer.
- Trade live from day one! It will help with emotions .
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See you on the inside!

Jamie Palmer

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There is no pass rate for this Quiz. It has been designed to show you what level you are at with your trading mind-set.

Plan Management Strategy Quiz

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