Starting your trading journey can feel overwhelming, especially with fast-moving markets and endless advice online. To help Filipino beginners start with better structure and confidence, TradingPRO shares a simple 7-step checklist to follow before placing a first live trade.
This checklist focuses on preparation, safety, and discipline. Three essentials that can help new traders avoid costly beginner mistakes.
1) Understand What You’re Trading
Before entering a position, know the basics of the instrument—whether it’s a currency pair, commodity, or index.
Checklist: Do you understand what moves the price (news, rates, global events)?
2) Choose a Simple Strategy (Don’t Overcomplicate)
Beginners often jump between strategies and indicators, leading to confusion and inconsistent results.
Checklist: Can you explain your strategy in 1–2 sentences?
3) Set Your Risk Per Trade
A beginner-friendly habit is deciding how much you’re willing to lose before you enter.
Checklist: Do you know your max loss for this trade before clicking “Buy/Sell”?
4) Always Use Stop Loss and Take Profit
Risk control and planned exits prevent emotional trading.
Checklist: Have you set your Stop Loss and Take Profit levels?
5) Check the Market Timing
Different sessions have different volatility. Major news can also cause sudden price spikes.
Checklist: Are you trading during a session you’re prepared for (and not during random volatility)?
6) Start Small and Stay Consistent
The goal of your first trades isn’t “big profit”—it’s building discipline and consistency.
Checklist: Is your position size small enough to stay calm during price movement?
7) Review Your Trade After Closing
Learning comes from reviewing—not guessing.
Checklist: Did you record why you entered, what happened, and what you’ll improve next time?
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This press release has also been published on VRITIMES
