What is hedging?

What is hedge? so many people ask this question, and my answer for them is just opening two orders one is buy and other is sell with the same trading volume is called hedging, in simple words if you have opened a lot of 1$ size of buy, and you see the market is falling then you will open an order of 1$ lot size in sell, that step will neutralize your position and the fluctuation of market won't hurt your capital if your orders are open, I mean to say no stop loss nor take profit.

Some people say that it is to lock the position, yes they are right, this strategy locks the position, but sometimes it make you confuse that how to open that lock, so whenever you use hedge then you should know when to unlock that position and how to unlock, for example if we open an order of buy with 1$ lot size and see market is falling due to any reason, then it will reduce our equity quickly because of big lot size, to save our capital we will have to place another order of sell with the same lot size, that is 1$. Now, position has been locked, and market becomes neutral, now market is falling continuously, here you can take a chance, you can change the strategy. I mean to say that you can open the hedge if market is falling continuously. How, you may close the existing buy order and let the sell order open to make you profits.

Or you can do another thing, if you see market is falling then place another sell order similar to existing lot size or just reduce 50% of lot size to secure your capital if the market reverse. But whenever you trade in the market, it is very much necessary to focus on market trend.