Hedging itself is the process of buying or selling financial instruments to offset or balance your current positions, and in doing so reduce the risk of your losses.
Forex brokers nowadays that allow and support hedging strategy and frees you from dependency on the market direction.
Hedging is a strategy to protect one’s position from an adverse move in a currency pair.
The forex hedging is trading both ways (up and down or buy or sell). Trader can make a hedge against a particular currency by using two different pairs.
Forex hedging is the act of strategically opening additional positions to protect against adverse movements in the fx market.
Forex hedging means reducing or controlling risk. This is done by taking a position in the futures market that’s opposite to the one in the same pairs.
The concept of hedging in forex trading is deemed to be illegal in the US.