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Would you agree that forex is all about probability?

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Tonny Obare
53355
Tonny Obare  
  • 63%
    (62)
  • 37%
    (36)
Total voters: 98
Izzatilla Ikramov
13733
Izzatilla Ikramov  
No. I do not think so. Tendencies go on, in most cases. 
Alain Verleyen
Moderator
35055
Alain Verleyen  
I answered yes. But I think you should include statistics.
Dennis Kirichenko
11978
Dennis Kirichenko  
My answer is yes! Unlike of gambling, where the statistical advantage belongs to the casino.
Ovidiu Caslariu
7845
Ovidiu Caslariu  
Games are played and politics are maneuvering the money.
Young Ho Seo
26481
Young Ho Seo  
Nope.....definitely not.
Roberto Jacobs
49157
Roberto Jacobs  
I answered Yes, but all probabilities can be analyzed based on statistics.
Ronnie Mansolillo
5791
Ronnie Mansolillo  
Probability sure is included but Forex isn't "all about probability"
Marco vd Heijden
Moderator
6149
Marco vd Heijden  

Then what is it about more Ronnie ?

Please specify.

Ronnie Mansolillo
5791
Ronnie Mansolillo  
Marco vd Heijden:

Then what is it about more Ronnie ?

Please specify.

Probability is fully related to CFD, so similar to a bet.  For the Forex market there is no unique way  to calculate the probabilistic scenarios in a uniform manner for the generality of investors.


Tonny Obare
53355
Tonny Obare  
Take for example the moving average cross strategy. When MA1 crosses MA2 upwards you buy and when MA1 crosses MA2 downwards you sell but then its never 100% winner. So wouldn't it be correct to say that the trader buys because when MA1 crosses MA2 upwards there is high probability that the price would go up and on selling its because it is believed there is high probability that the price would go down if MA1 crosses MA2 downwards?
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