Limiting risk is essential in forex trading as it can help traders avoid significant losses and preserve their capital. By implementing risk management strategies such as setting stop-loss orders and using appropriate position sizing, traders can limit their exposure to market volatility and minimize the impact of losing trades. This can help to protect their trading account and enable them to continue trading over the long term. Successful traders prioritize risk management over short-term gains, recognizing that preserving capital is key to achieving sustainable profitability in the forex market. By maintaining a disciplined approach and implementing sound risk management practices, traders can minimize risk and increase their chances of success in forex trading.