Four episodes, four things to check. Print it, keep it next to the price. If a firm answers all of these in numbers, you are dealing with a business. If it answers in adjectives, you are dealing with marketing.
Two strikes then stop. Two losing trades in a row and the screen goes off for the day.
Half the limit is my limit. Take the firm's daily loss limit and stop at fifty percent of it. Their number is the wall, yours is the fence.
One line before the click. Setup, entry, stop, size. If you cannot write it in ten seconds, it is a feeling and not a trade.
Is the total loss limit static or trailing. A trailing floor climbs with your balance, so a winning week does not give you more room.
Is the limit measured on closed trades or on your live number while a trade is still open.
When does the day reset, and in which time zone.
Is the rule a number or a word. Forty percent is a number you can plan around. Irregular is a word you can be judged by.
Size the same way every day, and when a day runs hot, bank it and stop.
The minimum you can withdraw.
The fee, if there is one, in numbers.
The speed, and which clock it means. The review clock and the payment clock are not the same thing.
What the rule check actually checks, and whether every one of those rules was printed before you paid.
Educational content only. Nothing here is financial advice and no profit is promised. Fewpips accounts trade simulated capital, which means a practice style environment with virtual funds, while the rewards you earn are real money.