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.
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.