Recent content by borzy

I agree, knowledge in forex is crucial; without it, you're merely guessing and speculating. A deep understanding of market dynamics, economic indicators, and trading strategies is essential for making informed decisions. Continuous learning and staying updated with market developments are key to...

Actually it can go negative but only on futures market, such case was in 2020 in oil futures. Close to expiration of the contract, prices plunged and became negative because nobody wanted to accept delivery due to lack of space to store oil. Holders of futures was forced to sell it free and even...

Yeah it simply makes trading unsustainable. After you deviate once, basically it is hard to explain to yourself why you can't do it twice, thrice, etc. This is why hard rules exist in trading, if you make changes to them you should stick to new rules for some time to get results evaluate them...

Exactly, mistakes are inevitable in the learning process, but it's crucial to learn from them and avoid repeating them. Greed, over-trading, and impulsive decisions driven by fear of missing out are common pitfalls that can lead to significant losses. Patience and discipline are key; it's better...

The leverage I use depends on the specific trade setup and market conditions, but generally, I aim for a conservative approach, often opting for leverage ratios between 1:5 to 1:20. It's crucial to balance the potential for amplified gains with the risk of increased losses, considering the...

Ending a negative rate policy in Japan could impact various financial markets and instruments, including the forex market. Traders might anticipate changes in the value of the Japanese yen against other currencies, particularly if the policy shift affects interest rate differentials and investor...

Webinars are a great source of education especially when speakers are seasoned traders or fund managers as in HFM. You can't get similar insights from books since it is first-hand trading experience and tips

Technical analysis is often perceived as simpler than fundamental analysis due to its focus on historical price data and chart patterns, which can be more straightforward to interpret for some traders. Technical analysis relies on mathematical indicators and visual patterns, making it easier to...

Absolutely, knowledge is indeed crucial in forex trading. Having a deep understanding of market dynamics, technical and fundamental analysis, risk management strategies, and trading psychology can significantly enhance a trader's ability to make informed decisions and navigate the complexities...

Finding currency pairs with low spreads involves comparing spreads offered by different brokers and monitoring spreads during different trading sessions. Typically, major currency pairs like EUR/USD, USD/JPY, GBP/USD, and USD/CHF tend to have the lowest spreads due to their high liquidity and...

I spent three hours trading with HFM because I consider it as part-time activity. The reason for that is inconsistent returns, i.e. no stability.

Can't see this coin in my HFM platform.. Is it new?

In my experience, both simple moving averages (SMAs) and exponential moving averages (EMAs) have their merits depending on the trading strategy and market conditions. SMAs offer smoother price averaging over a specified period, while EMAs place more weight on recent price data, making them more...

FOMC meetings can have a significant impact on financial markets, particularly in the United States and globally. Markets closely watch FOMC meetings for signals regarding changes in monetary policy, including interest rate decisions, quantitative easing programs, and forward guidance on future...

Trading is easy to start due to the accessibility of online platforms and low barriers to entry, but achieving success is challenging due to the complexity of financial markets, emotional pressures, and the competitive nature of trading, requiring continuous learning, discipline, and...