Thanks!
Also, a few things. Although the sequences are random, I have been trying to calculate probability of losing all 100 trades.
Is it a simple calculation as this? Or am I missing something?
Does Pn = Probability of losing all 100?
When I do, I come up with 3.23 X 10-16
EDIT: n=100 and...
Yes. This helped me see it quite a bit. However, when calculating the probability of losing all trades, how would one do that when sequences are random? Given an infinite amount of trials, if we were to graph winnings with the variable of time, would this have positive outcome? Meaning would we...
Actually, it is pure mathematical. If I word the data differently, it might be able to help simplify such a confusing question.
Let's say, we go to the casino and they offer a game called coin flip. Instead of the traditional 50/50 probability, you have a 30% chance of winning and the house has...
Hello all!
I currently trade currencies in Forex Market, and I somewhat understand the concept of being a winner long term, but I want to actually see how the numbers can run statistically. Formulas on how it should be calculated would be nice! (I should of paid attention in my statistics class...