You're wrong.
There are possibilities in hedging f.e. Euro future and Spot E/U.
When they are temporarily out of sync some professionals short the future while going long on the spot price
(when the future has risen and spot didn't followed immediately).
If you can only grab 1 or 2 pips after closing both positions - it's a profit.
The only edge in hedging is to profit from market imbalances.
It's the same when you're trying to grab some pips from correlated pairs.
If one pair trades above institutional benchmark and the other below,that is a potential opportunity.
The most traders have no clue about real hedging: when and where.
There are possibilities in hedging f.e. Euro future and Spot E/U.
When they are temporarily out of sync some professionals short the future while going long on the spot price
(when the future has risen and spot didn't followed immediately).
If you can only grab 1 or 2 pips after closing both positions - it's a profit.
The only edge in hedging is to profit from market imbalances.
It's the same when you're trying to grab some pips from correlated pairs.
If one pair trades above institutional benchmark and the other below,that is a potential opportunity.
The most traders have no clue about real hedging: when and where.