Tag: prediction

 

On luck, chance and prediction

In several posts the issue of luck and chance were touched on. There is a need to explore this further, as many who know little about financial trading believe it’s largely about luck and chance. Introduction It is important that words like luck and chance are defined here. Luck as a concept is outlined in the infographic below. A chance is a probability that is known or foreseeable. We separate luck and chance, though in many circlesRead More