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Trade Checklist Before You EnterCheck Every Trade in 5 Minutes a Day Before You Click Buy

You want a quick list to run through before each trade, so you stop taking setups you regret an hour later.

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Quick answer: A trade checklist before you enter is a short list of yes or no questions you answer before every trade: trend, entry reason, stop loss, risk size, target and news. If any box stays empty, you skip the trade. Our free printable has 10 checks and room for 5 trades.

Trading involves risk and you can lose money. Results vary.

1The 10 Checks on Our Trade Checklist

Trend on the 4H chart, a one sentence entry reason, stop loss set, risk at 1% or less, target at 2x the risk, no big news, normal spread, lot size from a calculator, no revenge trade, and the trade logged.

Each one blocks a common beginner mistake. The 1% rule alone means 10 losses in a row still leaves about 90% of the account.

2How to Use a Pre Trade Checklist in Under a Minute

Print the sheet, keep it next to your screen and tick each box for the trade you are about to take.

It takes about 40 seconds once you know the list. The point is the pause: most rule breaking happens when a trade feels urgent.

  1. Tick the boxes top to bottom for the setup
  2. Skip the trade if any box is empty
  3. Log the trade in your journal if all 10 are ticked
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10 yes or no checks to run before every trade

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3Working Out Your Risk and Lot Size

Risk a fixed percent of your account per trade and let a calculator turn that into a lot size.

Example: a $1,000 account at 1% risk is $10. With a 20 pip stop on EUR/USD that is about 0.05 lots. Our free lot size calculator does this math for you.

4No Time to Check Every Trade?

If you cannot sit at the charts, letting AI trade for you is another route that does not need daily checklists.

A checklist is great for manual traders. If you would rather set your risk once and get on with your day, read our free guide. Trading involves risk and you can lose money.

Ready to start? Our free guide on letting AI trade for you walks you through it step by step, and our forex basics guides cover the rest of this topic.

Questions people ask

What should a trading checklist include?

Trend direction, a clear entry reason, a stop loss, risk size, a target and a news check. Keep it short enough to finish in under a minute.

Does a checklist really improve trading?

It stops rule breaking trades, which are often the biggest losers. It cannot make a bad strategy good, but it keeps you consistent.

Does the checklist work for gold and crypto too?

Yes. The checks are the same for any market. Just set the news check to the events that move that market.

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