Randomness Market Efficiency:
Randomness market efficiency ki premise par aadharit hoti hai jabki determinism (non-randomness) market inefficiency par aadharit hota hai.
Random Market Approach:
Random market approach yeh sujhaata hai ki abhi ke price mein pehle hue events ki saari information aur future mein hone wale events ki bhi information already reflect ho chuki hai. Dusre shabdon mein asset ke baare mein saari information puri tarah se discount ho chuki hai aur isliye future price action ko predict karna mumkin nahi hai.
New Participants Information:
Iska tark hai ki jab participants nayi information ka fayda uthane ki koshish karte hain tab woh us fayde ko neutralize kar dete hain. Isse ye nateeja nikalta hai ki market ki apni interpretation ka fayda uthana mumkin nahi hai, agar trader ke paas insider information ka access nahi hai.
Deterministic Market Approach:
Deterministic market approach sujhaata hai ki price movements ko bahar ke factors influence karte hain, isliye agar aap jaante hain ki woh factors kya hain, to aap future price action ko predict kar sakte hain aur is tarah market ki interpretation se fayda utha sakte hain.
Market Movement Ke Peeche Logic:
Jab hum tawajjah randomness ki taraf dete hain, toh hum iska matlab samajhte hain ke yeh market movement ke peeche koi logic ya irada nahi hota; yeh bas ek price fluctuation hai. Randomness market mein hone wale anek variables ke natije mein paida hota hai. Kisi ko bhi pata nahi hota ke dusre market participants kaise react karenge. Agar kisi ko pata hota, toh unke paas ek deterministic system hota jiska prediction har baar sahi hota.
Randomness market efficiency ki premise par aadharit hoti hai jabki determinism (non-randomness) market inefficiency par aadharit hota hai.
Random Market Approach:
Random market approach yeh sujhaata hai ki abhi ke price mein pehle hue events ki saari information aur future mein hone wale events ki bhi information already reflect ho chuki hai. Dusre shabdon mein asset ke baare mein saari information puri tarah se discount ho chuki hai aur isliye future price action ko predict karna mumkin nahi hai.
New Participants Information:
Iska tark hai ki jab participants nayi information ka fayda uthane ki koshish karte hain tab woh us fayde ko neutralize kar dete hain. Isse ye nateeja nikalta hai ki market ki apni interpretation ka fayda uthana mumkin nahi hai, agar trader ke paas insider information ka access nahi hai.
Deterministic Market Approach:
Deterministic market approach sujhaata hai ki price movements ko bahar ke factors influence karte hain, isliye agar aap jaante hain ki woh factors kya hain, to aap future price action ko predict kar sakte hain aur is tarah market ki interpretation se fayda utha sakte hain.
Market Movement Ke Peeche Logic:
Jab hum tawajjah randomness ki taraf dete hain, toh hum iska matlab samajhte hain ke yeh market movement ke peeche koi logic ya irada nahi hota; yeh bas ek price fluctuation hai. Randomness market mein hone wale anek variables ke natije mein paida hota hai. Kisi ko bhi pata nahi hota ke dusre market participants kaise react karenge. Agar kisi ko pata hota, toh unke paas ek deterministic system hota jiska prediction har baar sahi hota.
تبصرہ
Расширенный режим Обычный режим