Forex Risk Management: The 3-Step Process to Successful Trading

The article emphasizes that success in Forex is not about predicting wins but defining where you could be wrong. It discusses a three-step risk management process involving defining risk (technical levels), limiting risk (position sizing), and accepting risk (mental readiness). The author explains that risk must be clearly defined before entering trades, and highlights the importance of placing stops at strategic technical levels. By understanding and accepting risk mentally, traders can better control their emotions and decisions, ultimately enhancing their chances of long-term success in trading.