Would you agree that forex is all about probability?

 
  • 63% (62)
  • 37% (36)
Total voters: 98
 
No. I do not think so. Tendencies go on, in most cases. 
 
I answered yes. But I think you should include statistics.
 
My answer is yes! Unlike of gambling, where the statistical advantage belongs to the casino.
 
Games are played and politics are maneuvering the money.
 
Nope.....definitely not.
 
I answered Yes, but all probabilities can be analyzed based on statistics.
 
Probability sure is included but Forex isn't "all about probability"
 

Then what is it about more Ronnie ?

Please specify.

 
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.


 
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?
Reason: