How to manage risk while trading currency?

Can someone please explain how to manage risk while trading currency?
One lot size of USDINR is 1000$. Can one reduce the lot size?

1 Like

1 lot of USDINR is equals to 1000 INR

risk management is generally controlling your risk in the market. The more controlled your risk is, the more flexible you can be when you need to be. Traders are required to be able to find out beneficial opportunities. By limiting your risk, a trader ensures that he will be able to continue to trade when things do not go as planned and he will always be ready to face future problems. Using proper risk management techniques, referring best market recommendations, stock tips, Forex tips can help a trader to manage hi risk in the currency market.