Use a quick checklist before placing a CFD trade to keep your plan clear. Confirm the instrument matches your strategy, review contract details, and verify margin requirements. Double-check entry and exit levels, choose position sizing that fits your risk limits, and ensure the account type supports the approach you want to use.
Next, validate operational settings: check leverage, review spread and fees, and confirm that orders are placed with the correct direction and size. Set stop-loss and take-profit rules in advance, monitor key market drivers for consistency with your thesis, and keep a log of decisions for better review. This helps you stay disciplined when trading.
