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When you have a simultaneous buy order and sell order open in the same currency pair, this is an advanced forex currency trading strategy called hedging that should only be performed by an expert trader.
To a novice forex trader this might seem a little bit counterintuitive, since any gains that you experience on one open position are simultaneously wiped out on your other open position.
The reason you would do this is to try and minimize risk and to try and safely keep as many pips as possible.
For a regular forex trader, the safer and easier alternative to currency hedging would be simply trading with a stop loss order on an open position.
