Various strategic moves are adopted by the forex traders so that they can handle market situations effectively and be able to earn money after facing all volatility and uncertainty. Hedging is considered as a risk management tool where a trader takes both position on a currency pair so that his net risk arising from the unwanted price fluctuations will be zero. I personally consider that hedging is somehow an aggressive risk management tool so I basically try to protect my wealth position via various pending orders like stop loss; trail stop or take profit.