I have been trialling a hedging strategy for the past 5 months (demo account) which has been profitable.
I have been using a EUR GBP hedge, also played with AUD NZD hedge for a while, as well
Anyone else doing anything similar? It would be good to share ideas on risk management and profit taking.
Any thoughts on major fallacies with such a method.
I lost big time on an unhedged carry trade method last year so I am trying to be realistic about what the market can do with seemly profitable methods and not forget the lessons learned then. Once bitten twice shy!
I don't think that giving out the details of what I am doing would help, but would probably invite criticism from those who are emotionally bonded to scalping and such, but am willing to discuss with traders who have some experience with similar hedging methods
Terry
I have been using a EUR GBP hedge, also played with AUD NZD hedge for a while, as well
Anyone else doing anything similar? It would be good to share ideas on risk management and profit taking.
Any thoughts on major fallacies with such a method.
I lost big time on an unhedged carry trade method last year so I am trying to be realistic about what the market can do with seemly profitable methods and not forget the lessons learned then. Once bitten twice shy!
I don't think that giving out the details of what I am doing would help, but would probably invite criticism from those who are emotionally bonded to scalping and such, but am willing to discuss with traders who have some experience with similar hedging methods
Terry