Risk management is at the core of every successful Forex trading career. Without it, traders risk losing everything on just one trade if their strategy goes wrong. Start by setting your risk per trade (typically 1-2% of capital) and always use stop-loss orders to limit potential losses. Diversifying trades with risk-reward ratios greater than 1:2 will also increase chances of long-term success.
Key Takeaways: [1.2% per trade.
Use stop-losses to safeguard your capital.
Strive for a risk-reward ratio of at least 1:2.
