Short Entry, Place stop loss for higher high level or nearest resistance level.
Long entry, Place stop loss for lower low level or nearest support level,
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FX is leveraged products and you may lose your initial deposit as well as substantial amounts of your investment. Trading leveraged products carries a high level of risk and may not be suitable for all investors, so please consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully.
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Risk management can be limiting your trade lot size, hedging, trading only during certain hours or days, or knowing when to take losses.