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1. Never invest the money, you can't afford to lose. In general I prefer holding positions for a day to a few weeks. 2. Don't use more than 5% of your deposit for trading simultaneously. I think that using 5% of the deposit is the right sum for trading at one moment. Even if the market will move against your predictions, you won't lose your funds. After some unprofitable trades you will have enough money to continue Forex trading and moving forward.