Read "80/20 Rule" under "Trading Smarts" section

Hi folks, I have just added the "80/20 Rule" article, which I have placed under the "Trading Smarts" section of my website. Do go take a look! Ever heard of ……

the age-old 80/20 Rule that governs most aspects of life? An Italian economist, Vilfredo Pareto (1848-1923), observed in 1906 that 20% of the Italian people owned 80% of their country’s accumulated wealth. Doesn’t seem too much different now, does it? Eventually, the Rule was seen to be manifested in many different environments. Here are some examples of the 80/20 Rule:

80% of your health is produced by 20% of the food that you eat.
80% of the traffic in town travels over 20% of the roads
80% of your success comes from 20% of your efforts

Do you spend most of your time trying to find the Holy Grail of trading, and not really spending time on monitoring currency price actions in order to absorb implicit understanding of how the markets work?

The 80% time spent on coming up with a perfect trading system can be better utilised on tasks that can actually bring you closer to being one with the market.

Posted in Categories: Eurozone, Forex.

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