✅ BEGINNER FOREX TRADING CHECKLIST

🔹 1. Before You Start Trading

☐ Understand what forex is (currency pairs, pips, lots)
☐ Learn how leverage works (and how it increases risk)
☐ Choose a regulated broker
☐ Open a demo account first
☐ Learn basic market types: trending, ranging, volatile

🔹 2. Account & Risk Setup (VERY IMPORTANT)

☐ Decide your total trading capital (money you can afford to lose)
☐ Risk only 1–2% per trade
☐ Set maximum daily loss limit (e.g., 3–5%)
☐ Never trade without a stop-loss
☐ Use low leverage (beginners: 1:5 to 1:20)

🔹 3. Trading Plan (Must Have)

☐ Define your trading style (scalping / day / swing)
☐ Choose 1 strategy only (do not jump strategies)
☐ Clear entry rules
☐ Clear exit rules (stop-loss & take-profit)
☐ Risk-to-reward ratio at least 1:2
☐ Trading time (specific sessions)

🔹 4. Market Analysis Checklist

☐ Check higher timeframe trend
☐ Mark key support & resistance levels
☐ Check economic calendar (avoid major news if beginner)
☐ Confirm setup with indicators or price action
☐ Trade only high-probability setups

🔹 5. Before Entering a Trade

☐ Is this trade part of my plan?
☐ Is risk ≤ 1–2%?
☐ Stop-loss placed?
☐ Risk-to-reward ≥ 1:2?
☐ Am I calm and focused?

👉 If any answer is NO, don’t trade.

🔹 6. During the Trade

☐ Do NOT move stop-loss emotionally
☐ Do NOT over-monitor charts
☐ Let the trade play out
☐ Accept the risk already taken

🔹 7. After the Trade

☐ Record trade in journal
☐ Screenshot entry and exit
☐ Note emotions (fear, greed, confidence)
☐ Review mistakes objectively

🔹 8. Weekly Review

☐ Review all trades
☐ Identify repeated mistakes
☐ Adjust strategy if needed
☐ Focus on process, not profit

🔹 9. Mindset Rules (Non-Negotiable)

☐ Losses are part of trading
☐ No revenge trading
☐ No FOMO trades
☐ Consistency > big wins
☐ Protect capital first

🔑 Beginner Golden Rules

✔ Trade less, not more
✔ Discipline beats intelligence
✔ Small profits + consistency = growth
✔ Survival is success in early stages