IBFX is allowing single currency hedging. How does this help me?

Very soon I will be able to hold a long and a short position on a single currency at the same time. What benefit does this give me? Are there any trading strategies that now become available with this ability?

Enlighten me.

buy/sell , 1. sell, 2. buy buy, 3. sell sell sell, 4. buy buy buy buy, 5. sell sell sell sell sell, 6. buy buy buy buy buy buy, 7. sell sell sell sell sell sell sell, 8. buy buy buy buy buy buy buy buy,

It will help you by teaching you that over trading will transfer all your money to the broker.
There are several good threads on the cons of hedging.

http://www.forexfactory.com/showthread.php?t=163814

Since they are not going to let you hold the hedge for more than 24 hours there are not a lot of benefits to it. One successful strategy is outlined in Tradng the Aud/Nzd Successfully thread. The other which I have used instead of SL I would hedge a trade if it went against me and then released the hedge when price would go back in my direction. So I used hedging instead of Stop loss. Many times trader would enter a trade and price would move against them for a short period of time. Instead of a stop loss you can hedge a trade to prevent it from becoming a bigger loss. If price never goes your way your loss stays the same through out the trade. If price does go your way you drop the hedge and then follow the trade. I like doing that much more than a SL. It is more profitble trading that way because you never really take a loss or you have fewer losses and never take a big hit. It is simple to set up by placing an opposing trade using a pending order where you would normally put a SL. However, with hedging only for 24 hours that does not help that type of trading very much. There are other uses for hedging but those were the two most common I used.

Assuming that "IBX" is not a typo.... I've never heard of them before.

Open with a reputable br0ker that, at least has a name we've heard of.

Or, do you need to hear some horror stories first ??

thats why im switching back to fxcm shortly, better spreads, less rules.

Its IBFX they announced over the weekend the changes.

Dear Valued Customer,
We will be introducing Intraday Hedging into the demo accounts on Dec 10th, with plans to introduce Intraday Hedging to the live accounts on or around Dec 20th. What this means to your account: