Rules and methods for handling an open trade position after entry. This includes setting or adjusting stop-loss and take-profit levels, using trailing stops, scaling in/out of positions, or hedging. Effective position management ensures risk is controlled and profits are protected. At its core, it’s about tracking how much of an instrument you are long or short, and adjusting your position according to market movements and risk rules. Accurate position management provides real-time insight into your exposure (e.g. knowing whether you are net long or short on a currency) and is crucial for risk management and profitable trading.

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