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Thread: 72 RULE

  1. #1
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    72 RULE

    The 72 Rule is a great mental math shortcut to estimate how long will it take to double a certain amount of money at a given fixed annual rate of interest. It can be used for several financial estimates.

    For example, the rule of 72 states that at 6% interest, your money takes 72/6 or 12 years to double. Starting with a specific time horizon, let's say 10 years, in order to double your money you need an interest rate of 72/10 or 7.2%. A country growing at 3% a year, doubles its economy in 72/3 or 24 years. Inflation estimates can also calculates, for example, if inflation rates go from 2% to 3%, money will lose half its value in 36 or 24 years.

  2. #2
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    Everything in this world has its rule. Included forex online trading. The trader must obey the rule if he/she want to have his financial goal. I think the trader will lose his/her money if he/she does not pay his/her attention to the rule. In this case, we as trader must say thanks for the founder of the rule or I mean the owner the rule idea. It is like a basic principle.

  3. #3
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    One more rule should sound as "to find a broker with no requotes". Fortunately, many brokers start cancelling them. At least, I know that Forex did it for sure.
    Last edited by Moderator; 05-18-2016 at 12:24 PM.

  4. #4
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    I understand this rule, but it seems too complicated for a Forex Trader. You see, I like being versatile and I want to grap profit from all angle. I do know it is okay to stick to the money management rule, but I don't always apply it when I an 90% sure of the trade. Call it stupid, but I prefer taking high risks, only when am sure it is worth it.

  5. ARIONFORXtarder
 

 

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