Replies to post #16557 on FOREX TRADERS

[jrbscrazy]

Ok, I read about the Monte Carlo thing. So basically, you take a bunch of numbers, use an algorithm to generate a type of average(no not the simple add the all together then divide by the count) but an average computed by an advanced algorithm. The end results can give potential future results. Did i read that right?

[jrbscrazy]

i see it's used for risk analysis. Perhaps it would be a good approach to trading. especially for geeks such as yourself.