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  Introduction The foreign exchange (forex) market, often touted as the largest and most liquid financial market globally, presents a plethora of opportunities for traders and investors alike. However, beneath the surface of potential rewards lie inherent risks that necessitate a comprehensive understanding and cautious approach. In this article, we delve into the various risks associated with the forex world and shed light on the importance of risk management strategies. Volatility: The forex market is renowned for its volatility, characterized by rapid price fluctuations within short periods. While volatility can lead to substantial profit potential, it also amplifies the risk of significant losses. Traders need to be prepared for sudden market shifts and employ strategies that account for this inherent unpredictability. Leverage: Leverage is a double-edged sword in the forex world. It allows traders to control positions larger than their account balance, magnifying potential profits