Hi all,
I've recently opened MT4 account with PFGBest broker
and discovered, that this broker offers limited (up to 4pm EST time) hedge,
i.e. - you are allowed to go long and short on the same currency pair
on the same time.
I don't know much about such opportunity, but I've
heard something, that hedge could be useful to use
in everyday trading: if you enter long, trade goes against you,
you may enter short, but what's then...
Couldn't arrive to any idea, which makes sence,
because if you have opened 2 trades in the opposite direction - yes
your loses on long are offset by profits on short side,
but at the end of the day - you have to close one of the
trades and accumulate loss, you cannot arrive to profit.,
plus spreads costs, plus commisions, cannot see any profit her.
I'm confused.
Could someone explain on example(s), how to use hedge
properly or provide a link to ebook material.
I've recently opened MT4 account with PFGBest broker
and discovered, that this broker offers limited (up to 4pm EST time) hedge,
i.e. - you are allowed to go long and short on the same currency pair
on the same time.
I don't know much about such opportunity, but I've
heard something, that hedge could be useful to use
in everyday trading: if you enter long, trade goes against you,
you may enter short, but what's then...
Couldn't arrive to any idea, which makes sence,
because if you have opened 2 trades in the opposite direction - yes
your loses on long are offset by profits on short side,
but at the end of the day - you have to close one of the
trades and accumulate loss, you cannot arrive to profit.,
plus spreads costs, plus commisions, cannot see any profit her.
I'm confused.
Could someone explain on example(s), how to use hedge
properly or provide a link to ebook material.
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