Keeping your capital well is essential for long-term success in forex trading. Here are some reasons why it's important to protect your capital:
Minimizes risk: By protecting your capital, you are minimizing the risk of losing all of your trading funds, which can lead to emotional distress and financial difficulties.
Enables longevity: By protecting your capital, you are increasing the longevity of your trading account, allowing you to continue trading and potentially generate profits over the long-term.
Supports trading strategy: Protecting your capital supports your trading strategy, by allowing you to stay disciplined and focused on your trading plan, rather than being swayed by emotions or impulsive decisions.