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Understanding risk management is crucial for long-term success in forex trading. A forex trading course emphasizes the importance of managing risks by setting stop-loss orders, determining appropriate position sizes, and diversifying trading portfolios. Additionally, the course addresses the psychological aspects of trading, such as maintaining discipline, managing stress, and avoiding emotional trading decisions. By learning to control their emotions and stick to their trading plans, students can mitigate losses and increase their chances of success in the volatile forex market.
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