Forex probabilities

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Probabilities play a crucial part in Forex trading — in fact, the whole exchange rate formation process is largely probability-based with no certainty to any part of it. Even when some central bank decides to manipulate its currency’s rate or to peg it to some other currency, the market forces may prevail in some probabilistic manner. Because of this, retail FX traders must seek to gain at least the basic knowledge about probabilities and then deepen it to avoid being fooled by randomness.

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