How to hedge your forex trades, forex hedging strategy [Video]
|In todays live forex trading video you will learn how to hedge forex trades. Hedging your forex trades is great strategy for times when you have your forex trades running with nice profits. Hedging your forex trade positions does not make sense when you have losing positions running, but hedging is logical and very powerful when you have forex trades running with nice profit, and you want to protect those profits with forex hedging strategy.
For example: You have entered into short forex swing trade on the 4 hourly chart as we did here on Usdcad forex pair.
Since this trade went in our direction last time and we already took some profits out of the market, we saw there is a possible bigger retrracement coming since price bounced of the major support zone. That is why we started thinking we may start looking for potential forex hedging opportunity in case the price wants to change its direction.
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