Why Smart Traders Protect Forex Positions Without Relying on Cash Settlements: The Nigerian forex market has grown rapidly over the past decade, attracting thousands of traders who see opportunities in global currency movements. With this growth comes the need for effective strategies to protect positions and manage risks in a market that can change direction in a matter of seconds. Smart traders are not leaving their success to chance, and one area they pay close attention to is how to safeguard positions without relying on simple cash settlements.