Risk management is the cornerstone of successful Forex trading. Even the best strategies can fail without proper risk controls in place. The key is to never risk more than you can afford to lose and to always protect your capital. Start by setting a strict risk-to-reward ratio, such as 1:2 or 1:3, to ensure your potential rewards outweigh the risks. Use stop-loss orders to prevent significant losses and avoid the temptation to move them impulsively. Diversify your trades instead of putting all your capital into one position. Forex trading is not about how much you can make in one day; it’s about how well you can preserve your account over time. Treat your capital as your most valuable resource, and let risk management be your guiding principle. Remember, protecting what you have is just as important as growing it