Limiting profit refers to the practice of setting predefined profit targets in forex trading. It helps traders lock in gains and prevent greed-driven decision-making. By identifying specific levels or percentage gains to exit a trade, traders secure profits while avoiding potential reversals. Limiting profit is a risk management strategy that promotes disciplined trading and protects against unexpected market fluctuations. It also ensures that traders don't hold positions for too long, potentially exposing themselves to increased risks. By setting profit limits, traders can maintain a balanced approach, manage their portfolios effectively, and enhance their long-term profitability in the dynamic forex trading industry.