Many traders believe they're managing risk simply by using a stop-loss. But real risk management goes far beyond where you place your stop. In this episode of Let's Talk Forex, we break down what risk management actually means, why position sizing is often more important than your stop loss, and how traders can protect their capital without letting emotions take over. We cover: ● Why a stop loss alone isn't enough ● The importance of position sizing ● How much to risk per trade ● Correlation risk and overexposure ● Daily and weekly loss limits ● Risk-to-reward ratios explained ● The psychology behind risk management ● A simple pre-trade risk checklist Whether you're a beginner or an experienced trader, understanding risk management is one of the most important skills you can develop. Watch the full episode here! FxScouts DISCLAIMER: 75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.