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<p id="isPasted">Forex hedging strategy depends on your trading style and goals. The strategy I prefer is correlated currency pairs which is pretty straightforward. For example, the EURUSD pair and the USDCHF pair are mostly conversely related. When one pair goes up the other tends to move down; hence, you can go long on EURUSD and short on USDCHF.</p><p>Another approach I sometimes use is trading the same pair on different timeframes but in opposite directions. For example, going long on the EURUSD pair for a long-term target but simultaneously selling the pair for a short-term target.</p><p>Of course, hedging is not …</p>
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