Forex Trading Tip – Learn 80 – 20 Rule and Instantly Enhance Your Profit Potential April 29, 2008
Posted by fxpath in Trading tip.add a comment
The 80 / 20 rule will help you make money in forex trading and if you are new to forex trading or trading already and not making enough money this forex trading tip is for you…
The 80 / 20 rule is simple.
It simply states that:
80% of your success comes from 20% of your efforts.
Let’s take a simple example of a sales organization.
It’s well known that 80% of the income normally comes from 20% of the clients.
In trading terms therefore: 80% of your profits come from 20% of your trades and the rest (80%) give you just 20% of your profits.
If you think about the 80 / 20 rule, you can apply it to many areas of life and try applying it to your forex trading and you will see it makes sense.
So what should you do?
