For every successful FX day trader, risk management is one of, if not the most, critical components of long-term profitability. To begin, keep the risk in each trade to a bare minimum, generally 1% or less. If you have a $3,000 account, you should not lose more than $30 on a single trade. That may appear minor, but losses accumulate, and even the finest day trading strategy can suffer from losing streaks. To limit risk, a stop-loss order is employed, as described in the Scenario section below.