I do not remember when I read about this test, but this is really interesting for those still trying to make profit consistently from trading in forex, stocks, etc
This test is not perfect as there are many other factors that would determine a trader mindset and certainly it will depends on the trader trading style as well, but nonetheless it is something that might be useful at least for newbies
There are 2 questions for the test
Please try to answer both questions
So, here are the test questions:
Question 1:
There is a bag that contains 4 colored marbles (1 red + 3 blue)
you have two options:
First: you do not want to try to get the marbles in the bag, this will cost you $500 (your balance minus $500)
Second: you try to get the marbles in the bag. if you get the red one (25% chance) you will lose $1000 (balance minus $1000) but if you get the blue one (75% chance) you will gain $1000 (balance plus $1000)
Which action will you take? first option or Second Option: Please choose one answer only for Q1
Question 2: is complete reverse to question 1
There is a bag that contains 4 colored marbles (1 red + 3 blue)
you have two options:
First: you do not want to try to get the marbles in the bag, this will give you a gain of $500 (your balance plus $500)
Second: you try to get the marbles in the bag. if you get the red one (25% chance) you will gain $1000 (balance plus $1000) but if you get the blue one (75% chance) you will lose $1000 (balance minus $1000)
again the question is which action will you take? first option or Second Option. Please choose one answer only for Q2
Please think carefully before you answer, there is no right and wrong answer here. This is just to assess your current trading principle, so please help us all by answering honestly
I will post some explanation about this test and its relation to trading after I have some answers,
but please answer the questions without looking at the explanation.
Thank you for your participation
This test is not perfect as there are many other factors that would determine a trader mindset and certainly it will depends on the trader trading style as well, but nonetheless it is something that might be useful at least for newbies
There are 2 questions for the test
Please try to answer both questions
So, here are the test questions:
Question 1:
There is a bag that contains 4 colored marbles (1 red + 3 blue)
you have two options:
First: you do not want to try to get the marbles in the bag, this will cost you $500 (your balance minus $500)
Second: you try to get the marbles in the bag. if you get the red one (25% chance) you will lose $1000 (balance minus $1000) but if you get the blue one (75% chance) you will gain $1000 (balance plus $1000)
Which action will you take? first option or Second Option: Please choose one answer only for Q1
Question 2: is complete reverse to question 1
There is a bag that contains 4 colored marbles (1 red + 3 blue)
you have two options:
First: you do not want to try to get the marbles in the bag, this will give you a gain of $500 (your balance plus $500)
Second: you try to get the marbles in the bag. if you get the red one (25% chance) you will gain $1000 (balance plus $1000) but if you get the blue one (75% chance) you will lose $1000 (balance minus $1000)
again the question is which action will you take? first option or Second Option. Please choose one answer only for Q2
Please think carefully before you answer, there is no right and wrong answer here. This is just to assess your current trading principle, so please help us all by answering honestly
I will post some explanation about this test and its relation to trading after I have some answers,
but please answer the questions without looking at the explanation.
Thank you for your participation
Failure leads to Success if one learns from mistakes and never give up
