Hedging forex trades is really interesting subject. Obviously, the major concern while trading currency is in which direction the pair will go. Hedging can alleviate this anxiety and make a trader market neutral for example, and capable of making profit regardless which direction market will go. Although suited for more experienced traders, covering spot trades with fx futures or futures-options can make consistent profits. News trading should be avoided in general by those with little experience, but these spreads can be used as a tool for trading news. The major issue with futures-options is that they can be quite complex and hard to understand so some guidance would go a long way.

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