The 90/10 Rule and the 99/1 Rule for Trading Forex
Confusing? So many rules to remember especially when I talk about the fact that the
forex markets are random.
Well yes, they are a random beast, but these rules will help
you build a better foundation and...
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The 90/10 Rule and the 99/1 Rule for Trading Forex
Confusing? So many rules to remember especially when I talk about the fact that the
forex markets are random.
Well yes, they are a random beast, but these rules will help
you build a better foundation and will help you to trade these markets effectively.
The 90/10 Rule signifies the importance of trade management techniques over and
above the basic entries and exits you take.
Let me explain this in detail.
We can compare
trade management with driving a car.
You can easily start the engine or stop it by
turning the key without any training but can you drive the car without any training?
The answer is most probably no.
Entry and Exit is just 10% of your job the major part
i.
e.
90% of your task lies in the way you manage your trade and keep it from hitting
your stop loss.
All at the same time risking the least amount of pips and having a
controlled risk profile.
The story does not end here getting out at the right level where
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