Trader Eligibility Test PDF

Trader Eligibility Test Inspiring Your Financial Planning Journey. Assess your trading readiness with our comprehensive eligibility test. by Sunita Rani Introduction & Objective What is it? Why is it important? Who should take it? A self-assessment test to Cri...

Trader Eligibility Test Inspiring Your Financial Planning Journey. Assess your trading readiness with our comprehensive eligibility test. by Sunita Rani Introduction & Objective What is it? Why is it important? Who should take it? A self-assessment test to Critical for sound financial Anyone considering trading evaluate your readiness for planning and risk management. stocks, crypto, or other assets. trading. Traits of Successful Traders 1 Discipline 2 Risk Management Following a trading plan consistently. Protecting capital through calculated strategies. 3 Patience 4 Emotional Control Waiting for the right opportunities. Avoiding impulsive decisions. Financial Readiness Check Emergency fund Disposable capital Financial stability to cover allocated for outside of trading unexpected trading? income? expenses? Knowledge & Skills Assessmen Market Trends Understanding current market dynamics. Technical Analysis Using charts and indicators to predict price movements. Trading Strategies Basic versus advanced techniques. Demo Trading Experience with paper trading platforms. Risk Tolerance Evaluation Emotional Decisions 1 Handle losses without panic. Risk Management 2 Have a risk strategy. Willing to Risk 3 Acceptable trade risk. Time Commitment & Discipline Daily/Weekly Time 1 Dedicate enough time for analysis. 2 Structured Plan Follow a pre-defined trading strategy. Avoid Impulsive Trading 3 Stick to the plan without deviation. Mindset & Emotional Contr Stay Calm Long-Term Perspective Remain composed Focus on long-term during volatility. goals, not short-term gains. Avoid Revenge Trading Don't chase losses with rash decisions.  Trader Eligibility Score 80 50-80