How to recover a lost password in MySQL 5.7.11? (for Windows) I am running MySQL 5.7.11 on Windows 10

I am unable to login to root through the command line client since I lost my password.

How do I change/reset the old password?

Please help, and thanks in advance.
If you installed MySQL as a service, you need the following:
STEP 01
Open Windows Command Line as Administrator and run
C:\&gt; net stop mysql

STEP 02
Add this to C:\Program Files (x86)\MySQL\MySQL 5.7\my.ini under the [mysqld] group header
[mysqld]
skip-grant-tables

STEP 03
C:\&gt; net start mysql
C:\&gt; mysql

You should be logged into mysql
STEP 04
Suppose you want root@localhost's password to be hello, run this
UPDATE mysql.user SET password=password('hello') where user='root' and host='localhost';
exit

STEP 05
C:\&gt; net stop mysql

STEP 06
Remove the skip-grant-tables option from the my.ini
STEP 07
C:\&gt; net start mysql

STEP 08
C:\&gt; mysql -uroot -p

This should prompt you for the password. Enter new password and you should be in.
ALTERNATIVE
Instead of creating my.ini, do the following after you have shutdown MySQL
C:\&gt; cd C:\Program Files\MySQL\MySQL Server 5.7\bin
C:\&gt; start mysqld.exe --skip-grant-tables
C:\&gt; mysql

You should now be inside mysql without a password. Next run this
UPDATE mysql.user SET password=password('hello') where user='root' and host='localhost';
exit    

Back at the command line, shutdown mysql like this:
C:\&gt; mysqladmin shutdown

Now, you start MySQL57 Service back up