LEGALLY Hedge in a US Forex Account with TradingView
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- Опубликовано: 1 фев 2023
- There are rules when it comes to hedging in a US Forex account. But if you know the rules, you can actually use them to your advantage and hedge in the US. Learn how to have longs and shorts open at the same time and close newer trades before older ones (FIFO). This is all 100% legal and I've been doing it for years.
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Learn Forex hedging with this free PDF: www.tradingheroes.com/forex-h...
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Watch my beginner's guide to hedging here: ruclips.net/video/anRGAPHpzro/видео.html
Watch all of my hedging videos here: ruclips.net/p/PLOn0-_K-aYvRtCAS-wm9VuUw4ozdIS8kF
The FIFO loophole blew my mind 😳
Recently found hedging only to find it was mostly banned in the US, this video is a god send, thank you.
You're welcome!
Hey are you now hedging in your trades?
Great coverage, thank you for this.
When you realize all markets are mostly random and have a 50/50 chance of going up or down barring any news releases, and the most efficient way to be profitable as a retail trader is by hedging, it makes perfect sense why hedging is "banned" in the US lol
You're welcome. Yup, like when certain stocks suddenly get delisted. But once you understand what's going on, it's easier to create a plan.
Exactly what I was looking for. Well-explained, and thanks.
Glad it helped!
great video bro! been looking for a way to do this
Happy it helped!
Great video Hugh. Question: Is it possible to just open the initial position at 999 nano-lots, start a second trade at 1000 and close the second trade immediately since it's not the same lot size as the first? Also, does this FIFO rule apply to your hedge in the sub account if i trade the same lot size? (For example, I short 1000 nanos in sub acc 1 and go long of 1000 in sub acc 2). Thank you greatly in advance.
Thanks.
1. Yes.
2. No, the lot sizes only matter in the same account.
you could also have 2 different broker accounts then you get around the rules.
I dont hedge yet but it seems like it makes sense.
Yes, but it's a pain because it's harder to transfer money between accounts.
Great video! How do you close positions partially? When I hit the x on my TV account the position closes completely
Thanks. Might depend on the broker you're using. Contact TV support to get details. I only use Oanda.
Thank you!
You're welcome!
Wow, exactly what I needed to find out. Do you offer a 1-on1? I need help setting up my accounts, funding them and getting a good quick opening tutorial, live.
I will be soon, still working with existing students: tradingheroes.com/zen8
Which reliable broker that u knw of dat allows hedging bro with a micro account?
If you want to add to a trade, do you also do the same with the sub-account? I've noticed that when I add to my trade, it just gets combined instead of being separate.
Yes, I use the same sub account. If your broker is 'smushing' positions together, find another broker.
Hi Hugh. How can you view your Buy and Sell "sub accounts" in Tradingview on the same chart?
Hi, you can't. That's why you have to flip back and forth.
Instead of removing the 1 nano from the first position (207), can't you remove it from the second (209) ? since you're going to close that one anyway? Will it allow you to do that?
No. There's no "x" to do a partial close on position 209 when the lot sizes are the same. The older trade (207) has to be altered first, then the "x" appears on 209.
Do the FIFO rules apply in the UK?
As far as I know, the US is the only country that has this rule.
Are they any prop firms that have sub accounts like oanda?
You'll have to ask around. I don't keep close track of prop firms. I know that many allow hedging, so in those cases, you don't need sub accounts.
Dosnt look like you can backtest hedging in Tradingview anyways. Just for live trading which is disappointing.
You can on the higher timeframes. TV doesn't have enough data on the lower timeframes.
To backtest, use the reward/risk tool to mark off your trades. It's clunky, but it works.
Otherwise a simulator like NakedMarkets is the best solution for backtesting hedging.
@@TradingHeroes I tried messing around with that tool and I'm lost. Did it on rewind, used the risk/reward tool, chose a buy then sell. Cancel each other out. 4hr chart.
That was on TV. Trying to stick with that for now.
Just use the tool as a marker, don't enter any actual trades. Track the trades in a spreadsheet. Mark the results as 1R, 2R, etc.
@@TradingHeroes Ah, ok. It works in live I think with the bigger buttons.
I followed the tutorial, but unfortunately there is no option for me to be able to make another sub account with USD currency. Oddly enough, it will allow me to make 2 sub accounts with other currencies like CAD. Am i the only one?
You create the sub accounts at your broker, not in TradingView.
@@TradingHeroes yes, this was from the Oanda hub
OK, contact Oanda, I don't know what's going on there.