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!
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@JiveDadson it’s dumb…lol, if the predication of price actually worked, he might as well just have bought, waited for the retracement which he apparently was pretty confident of, and then sold…on the other hand, $360 is $360…so in the end it doesn’t really matter
if you do not get it, you will keep loosing money from forex.I have burned myself a lot before it came to my mind this idea.I will never never never never trade otherwise.Good job by the poster except I make $1000 a day because i repeat it many times in a day.
He made the exact same money he would have made if he just skipped the offsetting positions and put on the short position when he closed the long one, didn’t he? Someone explain to me why this isn’t just plain silly. Is the point to get in when the spread is low? But you wind up opening and closing two positions rather than one. I don’t get it.
what is hedged?