As a forex trader, it's important to choose a broker that allows hedging. Hedging is a risk management technique that can help you protect your profits and limit your losses. When you hedge, you take two positions that offset each other. For example, if you're long on EUR/USD, you might go short on USD/CHF. If the EUR/USD pair goes down, the USD/CHF pair will go up, and vice versa. This can help you lock in profits or limit losses.