Lens1000
VIP Contributor
Forex is definitely a very lucrative venture that one could put your money on . It is very sure that you will make a huge amount of profit if you are very good in forex most especially if you're an expert in that field.
It is however very important to learn forex to certain extent before you could go live training because it require lot of knowledge and understanding if you really want to pull successful trades. There's a particular strategy that is been adopted by expert in forex in order to minimise losses and keep money away from market fluctuations and I've decided to share his idea on this forum.
The strategy is known as direct forex hedging. This will keep your money away from the market fluctuation and you will minimise losses as much as possible. How do we apply direct forex hedging strategy? It is definitely a way of handling potential losses and to apply risk management strategies. It is a very simple strategy that involves you opening the opposite of the live trading order.
For instance, if you have opened a long position on a particular currency pair then you should take a short position of the same currency pair. So that when the first prediction isn't right the second would be right. If instance, JPY/USD currency pair, and you have opened a buy order for this currency pair then you should also open a sell order for the same currency pair.
It is however very important to learn forex to certain extent before you could go live training because it require lot of knowledge and understanding if you really want to pull successful trades. There's a particular strategy that is been adopted by expert in forex in order to minimise losses and keep money away from market fluctuations and I've decided to share his idea on this forum.
The strategy is known as direct forex hedging. This will keep your money away from the market fluctuation and you will minimise losses as much as possible. How do we apply direct forex hedging strategy? It is definitely a way of handling potential losses and to apply risk management strategies. It is a very simple strategy that involves you opening the opposite of the live trading order.
For instance, if you have opened a long position on a particular currency pair then you should take a short position of the same currency pair. So that when the first prediction isn't right the second would be right. If instance, JPY/USD currency pair, and you have opened a buy order for this currency pair then you should also open a sell order for the same currency pair.
