Pinning Trades With Huzefa Hamid by Jayanthi Gopalakrishnan
Price Has Plenty To Say
With Huzefa Hamid
Huzefa Hamid began trading in 2000 with UK & US equities and equity options.
He gravitated toward technical trading, building his own trading rules
and systems. In 2012, Huzefa was appointed senior analyst at DailyForex.com.
His published articles present technical trading strategies and market analysis.
Besides trading, Huzefa enjoys mentoring traders of all levels, communicating
his ideas, and developing a shared learning environment. As TheForexRoom’s
original founder and a dedicated administrator, he is interested in providing
the best possible user experience for members to help them develop successful
Stocks & Commodities Editor Jayanthi Gopalakrishnan spoke with Huzefa
Hamid on April 11, 2013, via Skype.
Huzefa, tell us a little bit about
yourself and how you got interested
in the financial markets.
I was 16 years old, in high school,
living in England, and I had just got my
first Internet connection. It was an AOL
dial-up connection. Every day when I
would connect to the Internet, one of the
welcome pages showed the stocks that
moved the most that day on the London
Stock Exchange. I would watch the prices
go up and down. It was just raw numbers
at the time. There were companies such
as Marks & Spencer on the British exchange,
and I thought, “Wow, all I have
to do is buy this in the morning and sell
it in the evening and I would’ve made
a lot of money.” It was a simplistic and
naive view of how the markets operated,
but that is what initially got me interested
in the markets.
After that I started to pay attention to the
markets in the newspapers and started reading
the financial pages. We have a fabulous
weekly journal called Investors Chronicle
in the UK and I would purchase that. With
only my savings from the first few parttime
jobs I had while I was at school, I
opened my first brokerage account. One
of my first trades was Manchester United.
My trading started because of a personal
interest in the equity markets. Back then, in the ’90s, the markets were really
booming, and the brokers in the industry
Were you working for a trading
No, I wasn’t with a trading firm. I
studied business at university and I
was working for, initially, Deloitte,
and then a few other financial services
firms. I was in pensions and actuarialrelated
roles, and it didn’t have anything
to do with the financial markets. It was
completely divorced from trading. My
trading has always been a personal