Forex Risk Tips: Key Strategies for Safe Trading Forex trading offers profit opportunities but comes with significant risks. To manage these risks effectively: 1. Use Stop-Loss Orders – Set stop-loss levels to limit potential losses and protect your capital. 2. Risk Only What You Can Afford to Lose – Follow the 1-2% rule and avoid overleveraging. 3. Manage Leverage Wisely – Use low leverage and set risk-control measures to prevent excessive losses. 4. Control Emotions – Stick to a trading plan, avoid impulsive decisions, and take breaks after losses. 5. Follow a Trading Plan – Define clear entry, exit, and risk management rules. 6. Stay Updated on Market News – Monitor economic events and avoid trading during volatile news periods. 7. Practice with a Demo Account – Test strategies in a risk-free environment before trading with real money.