Learn Forex and Forex Trading Strategies the Easy Way

Probability Theory

Many people tend to equate Trading with Gambling - how many times have you heard someone talking about "having a flutter on the currency markets" or even "playing the markets" as if it were some kind of game. They don't consider it "real" work.

Let's lay that myth to rest right now!

Trading is Not a Game, Trading is Not Gambling

It entails working at your craft, accumulating knowledge and understanding the concept of probability. Probability Theory is a concept entirely different from the concept of Luck.
Heads or Tails?

Is the toss of a coin just luck? - try it and see!

Lucky Sixes

Or what about rolling dice - have a go, see if you can work out the probability of certain numbers coming up.

Buttered Side Up or Down?

Or what about the famous theory!! that says when you drop your toast it will land buttered side down, luck or probability? (yes, they've even done a study about this)

Gerolamo Cardano

The mathematical theory of probability has its roots in attempts to analyse games of chance by Gerolamo Cardano in the sixteenth century and it has continued to interest and intrigue millions of people right up 'til the present day. Could it be the sensation that you can somehow see into the future? Who knows! And here is another important point to remember, when you first start out trading Forex, which is very easy to forget in the heat of the moment.

No matter how many software packages you buy, no matter how many technical indicators, lines, graphs, charts or whatever you use, the simple fact remains that not one of them can tell us precisely what will occur tomorrow. For that you'd need a crystal ball and a gypsy grandmother!

No, "indicators" can only do as their title suggests. They can indicate or highlight, if you like, but unfortunately...

You Cannot Predict The Future.

Now, that almost sounds negative, doesn't it? Here I am, suggesting I can show you how to trade successfully using charts and indicators, yet also telling you most emphatically that these tools can't predict the future. Why bother with them then?

The answer is to do with Probability.

We know that just about anything is possible as regards tomorrow's USD/EUR exchange rate. It's possible it could go from 1.3024 to 10.000 tomorrow, it's Possible but it's not Probable. I suppose you could say it would be a "low probability scenario" but in practical terms, it just ain't gonna happen!

To Be or Not to Be, that is .....

Talking of "low probability scenarios" you must have heard the theory, which says - if you had an infinite number of monkeys sitting at an infinite number of typewriters for an infinite number of years typing at random then it could be accepted as a probability that one would eventually type the entire works of Shakespeare!

Toast, Monkeys and Ian Williams!

So, how does all this talk of toast and monkeys relate to my Forex Trading Made Easy - The Ian Williams Surestep Way course? you may be asking. Well, by using Forex Charts and adding certain Technical Indicators, we can predict what MIGHT happen in the future with a lot more accuracy than you might imagine! You see, what has happened in the past with regard to the relationship between one day's price and the next, has a habit of happening again.

History repeats itself with remarkable precision in the world of FX Trading, my course explains all about the skills, tools and mindset you'll need to succeed.