Before I dive into this topic I need you to understand that, the knowledge you have acquired so far in trading forex is enough to be profitable. How do I know this? because you have made profit not once, not twice, but a lot of times. There are instances where you have taken 10$ to 100$, 50$ to 300$, 40$ to 1000$ and maybe even less but the bottom line is that: you have made profit before. So why are you up and there looking for a working strategy, buying courses, Joining different channels because something in your head is telling you that you are not yet profitable. We have heard of some fellas who took an account less than a 100 bucks to over 100,000$ and lost it all in a single trade. Some of you are like this, take time to build an account maybe days, weeks even months of hard work and boom in just one single trade, you loose it all to the market. There is a problem with your risk management.
You can be a price action trader, its possible you are good with Technical analysis and also the use of indicators and all but the whole idea of coming into the market each time is to make money from any position you enter, however because of the flexibility of the market you may as well loose some money "NOT ALL". 
Risk Management
I can tell you for a sure that this is the only problem in your trading career. Your problem is not spiritual.
Trading is 80% of both mental and self discipline and 20% of the strategy or concept you use in the trading.
What is risk management in forex.
Forex risk management enables you to implement a set of rules and measures to ensure any negative impact of a forex trade is manageable. An effective strategy requires proper planning from the outset, since it's better to have a risk management plan in place before you actually start trading. If you fail to use risk management while trading, the possibility of loosing all your money to the market is high. With Proper risk management you will always protect your profit and capital without loosing it to the market.
I'll be showing you one of the most simple and reliable way to manage risk and become highly profitable without changing your trading strategy.
1. Broker to use for Trading
It is important that you know that most Brokers do not have your interest at heart, your losses can also be traced back to the kind of broker you use, because they let you expose your entire funds to the market, knowing that sometimes emotions can play a trick on you and you can be tempted to stake all your capital hence loosing all to the market. This is not good for risk management. The likes of these brokers are called low leverage Broker, They offer 1:100, 1:50, 1: 200 etc. Do not be deceived your chances of capping away profit with brokers like this is slim.
Trade on High Leverage Account (say 1:1000, 1:2000, 1:unlimited). I know two out of few brokers who offers these high leverage account.
b.Exness
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Why do you need a Broker like these ones mentioned above?
Let's say you open a bank account, with a balance of 100$ and you chose to do an investment of 20$ knowing that you could loose it or it could yield you some good profit. You take out 20$ for investment, your protected balance becomes 80$. Lets say after your investment went well, you make 10$ from your 20$ investment, you take your profit and add it to your bank balance, it become 90$, you continue with your investment and after about five good profit u had a bad one that took your investment capital away, you are still going to be in some profit. all you need to do is to go back to your bank account take 10% to 20% of your available balance and continue doing what you are doing. I can assure you you will become very profitable at the end of each month, week, year. This is the concept you will use also while trading your account on the forex market.
Steps to follow to be profitable using the most simple risk management approach in Trading
a. Open a high leverage accounts with one of the brokers above
b. Deposit what you can afford in your broker bank account
c. Transfer 10 to 20% of the available balance to your trader account(MT4/MT5 account)
d. Use your own trading rules and strategy
e. Use SL that will not take more than half of your trading capital so that if Trade goes bad you can have an opportunity to enter again one more time for the day.
NB: after first trade hit SL do not jump into any trade until you see what you are looking the second time. If you dont, DO NOT TRADE.
f. your TP target is the next area of value (could be resitance or support zone, Order block etc)
g. when you are in profit, adjust your SL, always lock your profit
h. when your trade hits TP or you manually close in profit. Withdraw profit to your broker bank account.
Follow these process delligently and you will be amazed on how profitable you will be.
If you do not have trading strategy and you need one or mentorship. Kindly reach out to me on whats app +2347068561533
or email. weathgn04@gmail.com.
Ur risk management write-up is top notch Mr Ethan
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