A well-defined trading plan is essential for effective risk management in forex trading. This plan outlines a trader’s objectives, strategies, and risk tolerance, serving as a roadmap for decision-making. By specifying the rules for entering and exiting trades, along with the risk management strategies to be employed, a trading plan helps traders maintain consistency and discipline in... https://succeedfx.com/forex-basics/risk-management-in-forex-trading-key-to-success/