#firstdealofthenewyearFateema Managing risk in the Forex market is crucial due to its high volatility and leverage. Here are key strategies to protect capital and maximize long-term profitability: 1. Use Stop-Loss and Take-Profit Orders Stop-Loss: Automatically closes a trade at a predetermined price to limit losses. Take-Profit: Closes a trade at a set price to lock in profits before the market reverses. 2. Position Sizing & Leverage Control Risk only 1-2% of your trading capital per trade. Avoid excessive leverage, as it amplifies both gains and losses.