There are two guarantees in forex trading: You’re guaranteed to make money, and you’re also guaranteed to lose money. As forex trading is a probability game, it either goes up or down, so you are supposed to have a 50 to 50 probability.
However, there is a rule called “90 x 90 Loser Rule” which states that “90 percent of traders will lose their risk capital within their first 90 days of trading”.
Why? Because in reality, most traders ended up losing money due to their failure to see the right perspectives and to trade in the right direction. They fail to learn to take care of the downside, and fail to learn to become a good loser. They just wanted to win from every trade and they didn’t have good risk management mentality.
You’re missing a third 90! It’s the 90/90/90 rule that you are referring to. 90% of traders lose 90% of their account within 90 days. Or something along those lines.
@halimsug Yes, this thread is created by me for the newbies. The trading wisdom posted are from various successful winner traders as well as the reflections of those wise traders. You can find them everywhere on the internet and in many bookstores. All wisdom in life are UNIVERSAL, they don’t own by anyone! I am not that smart and wise, it costed me over several decades and losing lots of monies to learn and realize these wisdom. I created this thread is just to compile the useful trading wisdom together basing on my personal trading & life experience and enlightenment to help shorten the time of the newbies’ learning curve. They are by no means originated from me. Happy trading! Cheers!
Thanks for answer, i dont know but i think newbies hard to understand coz they still searching for holygrail haha, the one who has more experience of trading will see that this trading wisdom are truly right. Anyway thanks for compile it, i ll keep it n sharing it with my team credited by you of course if you allow.
