Some brokers allow you to place trades that are direct hedges. It should only be used by experienced traders that understand market swings and timing. Playing with hedging could be very risky.
its broker specific ā¦ theres an urban legend that you should never put in more than one trade at the time by the way but everything depends on how, you can just split a trade into bits if you think its gonna go 150 pips up you could take profit every 25, whatever you bag adds to the capital and will no longer hit the stop loss ofcourse
i think i can have up to 50 open trades at one time (which is REALLY a lot), just send your broker support dept. the question how many you can do, ask them what they consider scalping as well, its different everywhere. You wouldnt want your trade to be declared against the rules at the most inconvenient of times
I guessā¦ we should explain it like thisā¦ if you trade the main trend on the long term and the retracements in the 5M, as long as you lock in the 5M profits, but donāt lock in the long term until you hit your desired TP, itās a win-win. Think about it