For newcomers to the forex market, there's a common mindset: "I want to profit in the forex market as quickly as possible." While pursuing profits is indeed important in the forex market, beginners should prioritize learning risk management.
Simply put, risk management in the forex market is the strategy to avoid incurring huge losses. Even recognized professional investors can suffer losses in the forex market. No operation boasts a 100% win rate; anyone can suffer losses.
When planning forex trading strategies, you must consider the premise that losses are inevitable. If you want to maintain profitability in the long run, start by learning risk management.
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