It depends on how you define hedging, what you know about hedging, how you use hedging, what type of hedging and what is your basic trading system upon which you are using hedging.
Just hedging doesn't mean anything without a solid base trading system. But hedging can be a very powerful tool to minimise overall risk exposure of your account if you are trading many currency pairs. Also, hedging is useful to make the equity curve smoother for many profitable strategies.
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