[stucros]

A hedge or to hedge is just a removal of risk. When you take on a position you are generally faced with many different types of risk and if you were speculating you may wish to be only exposed to some and not other therefore you could hedge the others.
I’ve read the post and am highly skeptical all this long short the same currencies doesn’t make sense if he making money then he can’t be long short the same amount of each ccy and has been lucky with the direction of these residual positions. As retail players we get screwed on the carry and the spread is ridiculously large and I’m sure that our brokers make a lot of money from this and use it to lower the pips we pay on spot.
If you just think about the concept he is saying that he is holding no currency and borrowing no currency but yet is receiving interest? There are a lot of very smart people and a lot very stupid people, the former make sure there is no free money out there and I would suggest he is the later!!!!