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How do you calculate loss margin in Forex trading?

I’ve been getting my head around margin and losses lately, and it’s been a bit of a struggle. When I enter a trade and things don’t go as planned, how do I calculate the loss margin accurately? I’ve read some stuff, but I feel like I might be missing some practical details. Is there a certain formula you guys use, or tips to keep in mind when trying to figure this out? Any help on understanding how to manage this better would be greatly appreciated—especially from those who've learned the hard way! How do you make sure to stay on top of your losses? Thanks!

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