Why is hedging avoided by some traders?

[ReggieFx]

Hedging should be avoided in forex trading by some traders because it can limit potential gains if the market moves in their favor. Additionally, it can add complexity and costs, such as spreads and commissions, reducing overall profitability.

 

[Elektra-Greene]

But Ive seen people that hedged and both of their positions where in profit!

 

[Jessie]

Hedging can reduce potential gains and increase complexity, leading to higher costs and potentially confusing financial strategies.