Avoid Falling Under The 90% Rule In Forex Trading

There are a number of rules every trader must have heard, at least once in their trading journey.

. “ Tighten your stop loss.”

. “ Your lot size must match your account size.”

. “ Always check the news”, and so on and so forth.

But then, not everyone has heard of the 90% rule or knows how to avoid falling under the category.

What Is The 90% Rule?

In the world of forex, statistics has shown that 90% of new traders, lose 90% of their starting capital, within 90 days of their first trade.

As exciting as it may seem to just click “ Buy” or “Sell” and watch the market move in your favor (hopefully), it is important to use the 90% rule as a reminder to stick to practical and theoretical knowledge rather than hopes and dreams.

No forex trader wants to be marginalized in the unsure group of traders.

This rule should spur traders to spend more time increasing the expanse of their education, developing their winning strategies, and and approach to risk management.

Factors That Puts You Under The 90% Rule.

KEEPING YOUR EMOTIONS IN CHECK:

Any trade driven by your emotions is bound to result in a loss.