Understanding Forex Statistics

Wednesday, June 9, 2010

The name of the game is statistics, and the first rule is that you should be aware that there is not as good value on the foreign exchange market. If you can never be 100% sure at some point, the next step will be made to the market as a whole, being able to read and interpret statistics puts you ahead of the pack in terms of "guess" what going to happen.

Forex is a bit like the game if you can keep track of cards already played, you are more informed, statistically, on what will probably be next discussed ways that you can place a bet with more insight than someone who has no idea what has already been played. With the foreign exchange market if you have information on what has already happened over the last two days, months or years, you are again placed in a better position to more logically conclude what will happen. Just learning model and follow to the end, reaping the economic benefits.