Have you ever heard of the 80/20 rule in forex trading before? It is not actually a rule but a principle and it is called Pareto principal. This principle state that 80% traders lose out there trades to 20% traders in the foreign exchange market.
This means that out of 100% of those that trade forex, 80% of them will lose there Investment and 20% of forex traders will earn what the 80% lose. Can this be really followed or should I say that can this be true.
Either this is true or not, I will want us to know that it is the fact that those that lose there Investment in forex trading is far higher to those that gain profits trading forex. So the rule can be justified with that and we should believe that.
Now do you want to be among those 80% tht losses there Investment or among those small 20% that gain profits from there Investment? If you really want to do well trading, you will have to learn everyday until you are a successful trader.
Don't just be among the 80%, be among the 20% and think wise.
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Do you have any tips how we be among the 20%?
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