Your primary responsibility as a trader is to preserve your capital, not to chase the idea of doubling or tripling it. Forex is not gambling, and it should never be treated as such.
Before entering any trade, the right question to ask is not “How much can I make if this works?” but rather “How much am I willing to lose if this goes against me?” This is the mindset that separates consistently profitable traders from the rest.
If the potential loss on a trade is large enough to significantly impact your account, then that trade should be reconsidered or reduced. Risk must always be proportional and controlled.
At the core of trading is this principle: capital is your fuel. Once it is gone, there is no opportunity to participate in the market.
