⁣Forex trading is a game of balancing risk and reward. Understanding the risks involved, such as market risk, leverage risk, and liquidity risk, is essential for making informed decisions. Successful traders manage risk carefully, using strategies like risk-reward ratios and proper capital management. The most common reasons traders lose money include lack of a trading plan, overtrading, using excessive leverage, and emotional decision-making. Tip: Always set clear goals, trade with a well-defined plan, and use risk management tools like stop-loss orders to minimize the risk of losing money. Remember, Forex trading is a marathon, not a sprint—consistent, disciplined trading is the path to success.