Hi, I’m totally new in forex trading and would like to know more about the potential risks … can anyone tell me about this? Thank you…
You can lose all your money… That’s pretty much the only risk. 
Hi, phil838… Noted your advise… Thank you. Great to know you.
the risk is determined by you!
if you trade with a small leverage, reasonable stop losses and risk no more than 2% of your capital then you minimize your risk and your chances of succeeding in the long term
however if you use a 400X leverage with no stop loss and risk your whole account on one trade then you are basically gambling and are most likely to lose everything within the blink of an eye
read through the school of pipsology then open yourself a micro account trading pennies a pip whilst developing your trading skill and money management
lee
Hi Lee… Thank you for your reply and this is really helpful for me. I will practise until I become more mature on this trading… All the best to you
no problem, happy to help 
if you have any other questions feel free to drop me a message
lee