Successful Forex trading requires a strong risk management foundation. This involves understanding your risk tolerance, implementing position sizing and stop-loss orders, diversifying your portfolio, continuously learning and adapting, and maintaining emotional discipline. By adhering to these principles, you can increase your chances of long-term success while minimizing potential losses. * Know Your Limits: Understand how much risk you're comfortable with and can afford to lose. * Control Your Exposure: Use position sizing and stop-loss orders to limit potential losses on each trade. * Don't Put All Your Eggs in One Basket: Diversify your trading across multiple currency pairs and consider other investment options. * Stay Informed and Adapt: Continuously learn about market trends and adjust your strategy as needed. * Master Your Emotions: Avoid impulsive decisions driven by fear or greed. Stick to your plan and take breaks when needed.