LEGALLY Hedge in a US Forex Account with TradingView

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.
💎 RESOURCES
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Learn Forex hedging with this free PDF: www.tradingher...
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NakedMarkets backtesting software discount: www.tradingher...
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Get started with TradingView, the best charting on any device: www.tradingher...
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My favorite trading books: www.tradingher...
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Trader funding programs: www.tradingher...
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Reprogram your brain: www.tradingher...
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Learn the complete backtesting process: store.tradingh...
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MetaTrader EAs and custom indicators: store.tradingh...
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Free trading tutorials: www.tradingher...
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#tradingview #tradingviewtutorial #tradingviewtutorials

[@TradingHeroes]

Watch my beginner's guide to hedging here: kzbin.info/www/bejne/l5-1eHSGfdWtqNE Watch all of my hedging videos here: kzbin.info/aero/PLOn0-_K-aYvRtCAS-wm9VuUw4ozdIS8kF

[@ToddBeal]

Exactly what I was looking for. Well-explained, and thanks.

[@TradingHeroes]

Glad it helped!

[@RedWaver]

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

[@TradingHeroes]

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.

[@byronmaddison1570]

Hey mate! I have a question? Do you know of any Prop firms that support hedging? I love the idea but I still want to trade with prop firm $$

[@TradingHeroes]

Many do.

[@prodbyjharee]

Recently found hedging only to find it was mostly banned in the US, this video is a god send, thank you.

[@TradingHeroes]

You're welcome!

[@Zunoh]

Hey are you now hedging in your trades?

[@DYMABASE]

The FIFO loophole blew my mind 😳

[@Pato-rt1vh]

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.

[@TradingHeroes]

Yes, I use the same sub account. If your broker is 'smushing' positions together, find another broker.

[@keletsoMatlalaBouy]

Which reliable broker that u knw of dat allows hedging bro with a micro account?

[@KathySteve]

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.

[@TradingHeroes]

I will be soon, still working with existing students: tradingheroes.com/zen8

[@caedons9109]

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.

[@TradingHeroes]

Thanks. 1. Yes. 2. No, the lot sizes only matter in the same account.

[@philippbraun1773]

Great video! How do you close positions partially? When I hit the x on my TV account the position closes completely

[@TradingHeroes]

Thanks. Might depend on the broker you're using. Contact TV support to get details. I only use Oanda.

[@KathySteve]

Hi Hugh. How can you view your Buy and Sell "sub accounts" in Tradingview on the same chart?

[@TradingHeroes]

Hi, you can't. That's why you have to flip back and forth.

[@lotus.4811]

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?

[@TradingHeroes]

You create the sub accounts at your broker, not in TradingView.

[@lotus.4811]

@@TradingHeroes yes, this was from the Oanda hub

[@TradingHeroes]

OK, contact Oanda, I don't know what's going on there.

[@finanzferdinand9874]

Dosnt look like you can backtest hedging in Tradingview anyways. Just for live trading which is disappointing.

[@TradingHeroes]

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.

[@finanzferdinand9874]

@@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.

[@TradingHeroes]

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.

[@finanzferdinand9874]

@@TradingHeroes Ah, ok. It works in live I think with the bigger buttons.

[@ericmiller7749]

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.

[@TradingHeroes]

Yes, but it's a pain because it's harder to transfer money between accounts.

[@anthonymccomick5815]

great video bro! been looking for a way to do this

[@TradingHeroes]

Happy it helped!

[@finanzferdinand9874]

Do the FIFO rules apply in the UK?

[@TradingHeroes]

As far as I know, the US is the only country that has this rule.

[@oespelho2281]

@@TradingHeroes Great to know, I am trading from Brazil. Thanks for sharing.

[@gidafenba]

Thank you!

[@TradingHeroes]

You're welcome!

[@darkcruzan]

Are they any prop firms that have sub accounts like oanda?

[@TradingHeroes]

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.