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Is hedging (simultaneous buy and sell) illegal or frowned upon in forex?
Getting into forex, at this point I know almost nothing, consider me a total senseless noob. I made a demo account on metatrader 5 and ran up 8k in a night by making buys on downward trends and sells on the same trade when they went even slightly up. I was just closing positions left and right all of them with profit. All of them. All I had to do was wait. Some trades had me down 1-2k for hours but I just waited and sold at a profit. My friend told me putting a buy and sell on the same trade is illegal. Isn't that just hedging? Aren't I still taking risk like everyone else? Is it illegal? Or is it just dumb someway I don't know about? Why doesn't everyone do this?
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