What should I check before placing my first trade?

First-trade checklist.

  • Account type and phase.

  • Daily Drawdown and Maximum Drawdown.

  • Floating Drawdown threshold.

  • Notional Volume Calculator.

  • Minimum Profitable Days requirement.

  • Weekend Holding rules if using Instant Funding.

  • Trading behaviour rules such as scalping, HFT, liquidity abuse, and one-sided concentration.

  • Open positions and account status.

Related Terms: Sections 7, 8, 9, and 10