Well traders today i m gonna share with you one of the most effective hedging strategy that is known as "sure fire hedging strategy". Ok i know that many of you already know this strategy but i m sure that 90 percent or more of them don't know the actual way to use it and many of you failed a lot of times and blown your account quite a few times. Well this is normal if you don't use the strategy quite good enough or in an effective way. Well to be honest this "sure fire strategy" is quite risky in my opinion. It is definitely very risky and has a lot of risks. As you know that in sure fire strategy we open lots like 1, 3, 6, 12, 24, 48, 96 and so on. So if you continue to open trades like this using higher lots you will definitely go for a margin call. So in my opinion our best bet is to keep the strategy up to 3 open trades not more than that. You see if you go for more then three open trades then you are in a risky position. So keeping it up to three is quite a good target to save your account from risk. So the matter here is how you will keep it up to three trades not more then that. Ok suppose we open a trade randomly and applied the "sure fire strategy" and we don't know whether it will go up or down. But suppose you did a little research on the market before opening trades then you will be more profitable and the odds will be less. So to do this i suggest you to observe the candlestick pattern and then enter in a trade. If you see that the candlestick pattern shows that the trade will go up then go for buy and also give a pending order according to the "sure fire strategy". And suppose the market goes down then you will be having the profit anyway. But here is another thing that i want to add is we must use considerable a big take profit and stop loss. Suppose we know that the Forex market moves pretty quickly as it is very much volatile and if we use only 20/40 or less rather then 30/60 then it has a big chance that the market is ranging and you will lose money because it will hit your pending orders and again will go on the opposite direction to hit another pending order which will cause you a margin call. So here i just want to say that is give your trade some space to decide which way it will go.
