Forex is a high-risk investment market. Invest only amounts that you are comfortable and able to lose, in case the instruments you have invested move in an unprofitable way. Using STOP LOSS and TAKE PROFIT orders can minimize the probability of losses, but again does not completely deny them.
A risk management strategy in forex trading involves determining acceptable levels of risk, setting stop-loss orders to limit potential losses, diversifying trades across different currency pairs, using leverage cautiously, and continuously monitoring and adjusting positions based on market conditions.