How not to go broke trading Forex

#1
The key is the constant use of Take Profit Option

Taking profit regularly is the surest way to limit risk. By definition, if you take profit — even partial profit — you’re reducing your exposure to market risk. Your trade plan may have a more aggressive profit target, but if market events play out in your favor, it pays to protect what you’ve gained by taking partial profit or adjusting your stop-loss orders to lock in some of the gains.
It may be a fluke that the market jumped 40 pips in your favor on a data release, or it may be a fluke that the market dropped back by 50 pips ten minutes later. The only way to be sure is to take some profit. You can’t go broke taking profit.