Reveal your trading psychology score and more

Dear Traders,

Welcome to the trading psychology quiz, which will help you better understand your trading psychology during tough trading moments.

This totally anonymous, multi-choice quiz comprises 22 questions referring to various trading situations.

Feedback is the best method for improving your skills, so we urge you to have a go. The quiz allows you to measure your current score and your future progress, so don't be discouraged if today's results are worse than expected. You can do it again in a few months and assess your improvement.

Trading psychology quiz

Instructions: grab a pen and paper, then write down your chosen alternative from the provided multi-choice answers.

Question 1. I am nervous when price is near the target of my open trade.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 2. It scares me when price makes many up and down movements.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 3. I never regret trading decisions.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 4. I often think about my closed trades after I have completed my evaluation for the trading day.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 5. I look for a new tool or system as soon as I have several losing trades.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 6. I have no problem with entering a trade setup, especially if it matches the rules of my trading plan.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 7. I have lots of confidence in my own analysis.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 8. I regularly hope that the trade will go my way.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 9. I never feel nervous when I enter a new trade setup.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 10. I lose sense of risk and risk management when I'm losing money during the trading day.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 11. I feel like nothing can beat me when I win several trades in a row.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 12. I follow the same routine each and every trading day.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 13. I fear an open trade when price is near my stop-loss.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 14. At the start of the trade I give some time for the trade to develop.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 15. I often take profit before price hits my planned target.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 16. I often close the trade spontaneously and against my own rules when price goes against my position.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 17. When looking back at trades, I notice that I regularly implement the rules of my trading plan correctly.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 18. When I see price moving fast, I realize that I don't want to miss the expected profit and I often make an impulsive decision to enter a trade setup immediately.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 19. I consistently fill in my evaluation form at the end of the trading day as a method of directly improve my trading.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 20. I watch price movements and get tempted to enter a trade.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 21. I fear entering a trade setup, even if matches the rules of my trading plan.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Question 22. I keep monitoring the charts when in an open trade, even when my trading plan says I shouldn't.

1. I fully disagree
2. I disagree
3. I'm not sure
4. I agree
5. I fully agree

Quiz scores

To analyze how you scored on this test, count up all the points of each question (except 3, 6, 7, 9, 12, 14, 17, and 19) in the following way:

• 5 is 5 points
• 4 is 4 points
• 3 is 3 points
• 2 is 2 points
• 1 is 1 point.

For questions 3, 6, 7, 9, 12, 14, 17, and 19, you need to count in the following way:

• 5 becomes 1 point
• 4 becomes 2 points
• 3 becomes 3 points
• 2 becomes 4 points
• 1 becomes 5 points.

Quiz interpretation

Take the total of your score and divide by 22 (total number of questions) to get the average. Your score average indicates your trading psychology. But note that the results are only based on 22 questions. Therefore, don't see it as a final verdict, but rather as a method for roughly understanding your current position and measuring your future progress. The benefit of completing the test on a regular basis is the ability to track your progress.

Averages

• 1.0 - 2.0: Excellent results with low levels of fear and high levels of discipline.
• 2.0 - 2.7: Very good results with low levels of fear and high levels of discipline.
• 2.7 - 3.5: Average to good results but progress can be improved.
• 3.5 - 4.2: There is clear room for improvement - get some Forex education with our our webinars and analysis.
• 4.2 - 5.0: Don't worry; it happens to all of us. Start working on small, step by step improvements starting with Forex education.

Please feel free to share your scores or other quiz feedback in the comment section below.

Cheers and good trading,

Chris