What I most like in forex is the absolute control of the risk. It ranges from zero (demo accounts) to "infinite" (you may blow up your entire account in minutes). Besides, no matter if you trade USD 0,01 or 1M. The cost is the same. You are not fooled into trading big under transaction costs pressure.
So if theres a 5 percent chance of losing and I do it 750 times in a row the chance of it losing 5 times in a row is 18.75?
0.05 x 0.05 of losing twice 0.05 x 0.05 x 0.05 of losing three times etc. But you have to take into account how much you win and how much you lose each time.
Ok thats much better than id worked out. Its clearer now... Thanks for that I understand how to work it out
As i see it 0.05 * 0.05 *0.05 *0.05 *0.05 * 0.05 * 750 = the probabilty f it happening 5 times in a row in 750 separate events.... please correct me if im wrong here.
Hey, this is not correct. If it were 7500 times, according to this formula the probability would be 187,50%. Nonsense. It is not so simple.