As a Forex trader, I've learned that managing risk is crucial to achieving long-term success. In this story, I'll share my personal experience with Forex trading risk and management. Early Days: Lack of Risk Management When I first started trading Forex, I was eager to make profits quickly. I didn't understand the importance of risk management and often entered trades without a clear plan. I would set large position sizes, ignore stop-loss orders, and hold onto losing trades for too long. The Consequences: Significant Losses My lack of risk management led to significant losses. I would often lose 10-20% of my account balance in a single trade. I was devastated and felt like giving up on trading altogether.