| Quote: | | | Originally Posted by abcy8 | | | | |
| I have doubts about your way of comparison in your example. If each time we place a forex trade, we win or lose the same amount $100 then it is fair to say the probability of winning is 50-50. But if each time we win, the amount is twice then the probability of wining will not be 50-50, it will be very much less.
Have you arrived at the probability of winning to secure twice the amount? | |
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You are of course entitled to your doubts.
If you place a forex trade, what are the possible outcomes ?
You will either be correct in your assessment or you will be wrong.
Is there any possibility of a third outcome ?
If there is not, then your probability is going to be either one of the two.
Would that make it anything other than a 50-50 ?
