Hedging & SL.

[venus]

It's possible to use hedging or Stop Loss as risk management strategy to prevent big losses in one transaction but I prefer to use
Stop Loss to limit my losses because using hedging (with same pair or not) could be risky if we didn't know when is time to lock
position and when is good time for unlock position. It can give additional losses if we are too late to lock position again after we
unlocked it.

[budado]

Hedging is long term strategy. If you think you can aim for long term then I suggest hedging. But if you are a day trader then its better that you trade using SL. Because at least at the end of the day its either you get TP or you get SL and not just hold your position and hope that the price will going to return to original state. As in hedging. You earn only if the two opposite pairs is in profit. If one is in profit and you close the one that is in losing side chance are you only breakeven. That's why you need to think long term in this kind of strategy.

[terajana]

if we do hedging in the trading, then we should have a good analysis to be able to take the right position in difficult market conditions .. sometimes very difficult to cover all positions in the conditions of profit ..

[assi]

stop loss is more compfortable for us if we want to do the good tradings because we know that with good stop loss we can manage the money well and there will be no tension of the opening the trades.

[abbey ak]

well i have make use of the Hedging strategy before all i make use of is the stop lose and i think am very much okay making use of the stop lose but i will like to advise all traders that the more you are making use of stop lose strategy once you are losing about 30 pips then i think you have to exit the trade because an account losing 30 pips is worth exit

[successman]

Hedging and Stop Loss Strategy have their own advantages and disadvantages. I prefer to use Stop Loss than Hedging before it's easier to apply and implement. If we used Stop Loss Strategy, all we must know only how to place Stop Loss in the right position. Maybe it's simple to understand but it's not as simple as it looks. If we wanted to place where did the right time, we must know what method that we used in trading. If we used scalping method, many traders didn't like to use Stop Loss in this method but if you wanted to put Stop Loss with this method, I suggested to put it not more than 10 pips from your opened condition. I did this because the movement of market when condition is sideways won't be too much in trending up or trending down.

[challenger ab]

actually if i will choose between hedge or stop loss i will choose stop loss because it,s very easy to put it and you can change it .but hedge if you put it you still stuck with the market to wait good chance to take one position and i will pray for the other to be good to take any profit .but we must be discipline to not obligate to use it it,s very bad in my opinion and always exit it by loss

[truegoa]

hedging is a good system to lock the losing and also profit. hedging needs to be done cautiously and to be executed carefully otherwise can go into loss. as a beginner, I am very confused when I have to use hedging. It will be better for a newbie in forex to use the sl option rather than hedging.

Similar with what I thought, better if we just use stop loss tool (or even cut loss) than just using hedging strategy. This is not wise at all for any newbie to use hedging as their part strategy to lock their loss or profit. Why dont we just cut our loss and make any better trade after that? Or in other case, just stop our trade and bank our profit even little?

[100 to 1,000]

hedging is a good system to lock the losing and also profit. hedging needs to be done cautiously and to be executed carefully otherwise can go into loss. as a beginner, I am very confused when I have to use hedging. It will be better for a newbie in forex to use the sl option rather than hedging.

if you are just using it as a way to protect your profit then you have another option that you can use and that is the trailing
stop loss. because the trailing stop is also protecting the profit when we have it. and also it is less stressful when using trailing stop compared to using a hedging.

[Lyubov]

hedging is a good system to lock the losing and also profit. hedging needs to be done cautiously and to be executed carefully otherwise can go into loss. as a beginner, I am very confused when I have to use hedging. It will be better for a newbie in forex to use the sl option rather than hedging.