Turbine posted another Game Systems Overview, this time regarding Lotro Golds Traits system:

Acquiring and activating Traits is one of the most flexible methods for customizing your character in The Lord of the Rings OnlineTM: Shadows of AngmarTM. Simply put, Traits are new skills, bonuses, and other enhancements that benefit your character. There are four main lotro gold categories of Traits: Virtue, Race, Class, and Legendary, which are earned by completing Deeds, quests, and other achievements during your adventures. Your Deed Log contains information about which of your current Accomplishment goals will reward you with a Trait.

You can only have a few Traits active at a time, but as your level increases youll gain additional slots to put them in. Since, generally, youll have a much larger number of available Traits than slots, you must choose the Traits that best fit your character and your style of play.

Your current Trait assignments can be accessed at any time by bringing up the Character Journal (click on the Journal Panel icon in the lower left, or press ¡°c¡±) and choosing the ¡°Traits¡± tab. This tab lists all the Traits and slots you currently have available. Select one of the tabs (Virtue, Race, Class, or Legendary) at the bottom to get a list of available Traits in each category.

You cannot change your active Traits in your Character Journal; to make changes, you must speak to a Bard in one of the following towns:

The Shire

Michel Delving: Gammer Took, Bard of the Shire

Bree-land

Combe: Janie Sprigleaf, Bard of Combe
Bree-town: Owen Oaks, Bard of Bree

Ered Luin

Celondim: Faellindiel, Bard of Celondim
Thorins Halls: Steinn Silvertongue, Bard of Thorins Halls