If you fail any of the trials, you will have to wait at least 90 minutes to reset the instance. Zoning in-an-out will not reset it.
Trial of Courage:
Speak with the Aspect of Courage. ( -114, -24, 26 ) Copy/waypoint -114, -24, 26
Defeat your fears using the Emblem of the Truthbringer Sir Bayden Cauldthorn gave you. If you get feared too many times you will fail.
You can position yourself on the root in front of the Aspect of Courage and zoom out to help with targeting the spectres. Do not use any auto attacks or combat arts, only use the Emblem to kill them.
He says that he is weary from his previous trial and wishes you to complete the second trial for him. Don't give in to his dishonorable requests and you will pass. Be careful to read the dialogue and don't simply click the first response. The correct responses often change order from top to bottom.
Trial of Valor:
Speak with the Aspect of Valor. ( -281, -38, -18 ) Copy/waypoint -281, -38, -18
Once you start the trial, you are attacked by progressively more difficult waves of knights until you are overwhelmed and die. Do not leave the circle, for it will cause you to fail the trial. After you are defeated, do not revive. You will be resurrected and your gear will be repaired.
You are required to die to complete this trial. You should cancel any death prevent abilities (such as Divine Favor) prior to undergoing the trial.
A total of 25 ghostly paladins of valor will attack you, one at a time with about 15 seconds between each. If you survive all 25, the Aspect of Valor will appear, kill you and then revive you.
You must kill at least three of the knights to pass the trial, otherwise you will not be revived.
Master, Legendary and Treasure chests may drop outside of the circle as you kill the mobs. Do not leave the circle to loot them, they are false chests designed to test your valor over greed.
After completing all three trials, Sir Bayden Cauldthorn will arrive behind the Aspect of Valor. Speak to him to complete the quest.