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My name is Brian Kiely. I have made a living analyzing Foreign Exchange and Fixed Income markets for almost twenty years. Linkedin:
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Forex For Anyone
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Forex For Anyone
  • Less Is More! 0 comments
    Mar 12, 2013 6:39 PM | about stocks: UUP

    A few years ago my attention was almost totally devoted to three different projects.

    I was also day-trading Euro-Dollar CFD'S on the side.

    This could have been a very stupid idea.

    I didn't have a lot of time to watch the markets. I'd make my call and take my positions, always entering a target and stop loss, at the inception of every new trade.

    Maybe once a day, I glanced at the rates for less than five minutes, I closed a trade or and looked at the possibility of opening a new position.

    During this spell, I chalked up twenty successful trades in a row. My best every run.

    The reason I believe! Neglect!

    Over thinking a position is futile.

    Some of the greatest sportspeople have not been wonderful speakers or students.

    They have been gifted with an exceptional talent, which they didn't over-think when the pressure was on.

    With so many complex forces that can change the direction of a currency, it is easy to get lost in the 'what if's'. Or consider too many variables, which leaves you what I call an impotent strategy.

    Your theory may sound clever, but it's about as useful as an umbrella in an avalanche.

    Brian Kiely

    Forex For

    Stocks: UUP
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