Hello Can anyone advice me for a good book if I want to learn PROBABILITY THEORY? I really need a basic education book because I have never been good at mathematics, I mean... I really suck at this, so please I donât need a university book that I donât now how to readâ¦only a basic book to start with. Thanks Simon
Chance by Amir D. Aczel. Very simple, but a nice starter and it will point you to other, more advanced books on the topic. Chance is published by Thunder's Mouth Press. Good read!
Thanks! I found this book.. Understanding Probability: Chance Rules in Everyday Life,with H. C. Tijms.
I think what you want to understand in a trading context is STATISTICS and statistical inference. To calculate a priori probability you need to know the selection rules for a physical system, which, alas, we are not gifted with in trading. However, one of the first things you undoubtedly will learn is "tests" of the probability that a particular statistical result is not the result of pure chance. A dirty little secret about trading inference is that in fact you need to know the probability that THAT probability is not due to chance, hahahaha!