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Preparation checklist

Identify gaps in your research, risk controls and simulation process without issuing a qualification.

SELF-ASSESSMENT · NOT A CERTIFICATE

Check only what you can currently document. Unchecked answers identify topics for study—not a score for account approval.

1. I understand the contract multiplier, tick value and settlement/expiration obligations.2. I can explain the difference between initial margin, notional exposure and maximum possible loss.3. I have a specific per-trade risk budget and a process for stopping after errors.4. My entry and exit rules are written so another person could reproduce them.5. I have evaluated commissions, spreads and slippage under realistic conditions.6. My research records include tested and rejected versions, sample sizes and limitations.7. I have practiced with simulation while tracking process adherence separately from profit.8. I know where to verify broker registration and the complete rules for any account I consider.

What this tool can and cannot tell you

The checklist is a personal gap analysis. Self-reported understanding is not verified, and even complete preparation cannot remove market risk or provide a professional qualification.

Study the concept: Preparation checklist — related Academy lesson ↗

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