As a forex trader, here are some tips on how to minimize your forex trading risks:

• Start small. Do not put all your investment eggs in one basket or trade. Start with a small amount of money that you can afford to lose. Ensure that your lot sizes are small. Atleast work with 1% of your account size to minimize the risks involved in trading.
• Use stop-loss orders. A stop-loss order is an trading command order to sell a security once it reaches a particular price. This can assist you limit your losses if the market moves against you. Additionally, it cautions and protects your from market slippage.
• Take profits when you're ahead. Don't get greedy. Once you've made a profit, take it and don't try to ride the wave too far.
• Don't trade when you're emotional. If you're feeling stressed, angry, or excited, it's best to take a break from trading. Emotions can adversely influence your judgment and lead to bad decisions.
• Do your research. Before you trade any currency pair, make sure you understand the factors that can affect its value. This includes economic data, political events, and central bank policies.
• Use a reputable and regulated forex broker. There are hundrends forex brokers out there, so it's imperative to choose one that is regulated, has good reviews, reputable and has a good reputation.
• Be patient. Forex trading is a long-term game. Don't expect to get rich quick. It takes time and effort to be successful.

By following these forex trading risk minimization tips, you can minimize your forex trading risks and increase your chances of success.

Here are additional tips that may help you minimize your risks:

• Use a demo account. As a beginner trader, before you start trading with real money (Live Account), practice on a demo account. This will give you a chance to learn the ropes and test out your trading strategies without risking any money.
• Get professional help. If you're serious about forex trading, consider getting professional help from a financial advisor or a forex trading coach. These professionals can help you develop a trading plan and teach you how to manage your risks.
• Be aware of the risks. Forex trading is a risky investment. Before you start trading, make sure you understand the risks involved and that you're comfortable with them.