Oct. 8, 2008 Forex Hedge Trade: $360 Profit

I made a hedged trade today on the EUR/USD currency pair. I was able to get 60 Pips Long, which was a $1200 profit at 2 lots. The Short trade ended up -42 Pips for a $840 Loss. So the net result was a $360 Profit. The great thing about the Hedging Strategy from the Simple Forex Trading Course is that it really reduces risk. You also do not have to worry which way prices goes when you first enter a trade. This reduces stress and makes trading the market a so much easier!

Category:

Howto & Style

Tags:

• analysis
• course
• currency
• daytrading
• dollar
• easy
• euro
• forex
• free
• fx
• introduction
• learn
• make
• profits
• technical
• trading

[MrMikeyAhmed]

@boeing747sim

lol nice one , if you know the market was going to reverse at the price why didnt he open another sell position , hedging is not that simple stop scamming the noobs

[KarmaAngel12212011]

I use hedging as insurance. works good if you don't abuse it.

[boeing747sim]

Respond to this video... video is excellent jus quite suprising you knew the market was going to reverse at that point ,

[nfaifa]

Hedging is a mug's technique. Try staying flat until you want to have a position and save some money in spreads.

[mlawren7]

@blu3fish479 Yeah that's a pretty big IF, buddy. If predicting price were possible of course we wouldn't need hedging! D'oh!

[mlawren7]

@purestspm It's called the law of averages - how often do you see the market move one direction without at least retracing 24%? That would be a breakout which requires a breakout strategy.

[pgtv69]

my favorite strategy....but i like to use the 50ma as a target to close my losing position.

[pgtv69]

@blu3fish479 by taking only one position you have to be right to profit. the hedge insures a profit that you can accept during extreme moves.

[purestspm]

So when you sold your long position, you knew it was going to retrace before your profits zero out? Sounds like you have a crystal ball..What a Joke!!

[ImC00LyourNOT]

lmao