How to Hedge Your Forex Trades | Forex Hedging Strategy
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.
When you will learn this forex hedging strategy, technique you will be able to find possible hedging trading opportunities for your running forex swing trades (or day trades) consistently on week to week basis. In this live forex hedging strategy video you will learn how to hedge your forex trades and also learn very important tips on your trading psychology and mindset for your long-term forex trading success.
In this live forex hedging trade video we discussed the reason behind hedging this USD/CAD forex swing trade, trading, hedging strategy, top-down approach using the price action, support & resistance zones, timing and most importantly – trading psychology and risk management. Without those two you will not be able to succeed as a trader. Remember this!
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