Monte Carlo Simulation
Posted By: TradersLog
A method used to estimate a probable outcome using multiple simulations with random variables. In the context of finance, Monte Carlo Simulation is used to forecast the probabilities of different possible outcomes of a trading or investment strategy. Named after the wealthy European city which is also a center for gambling.
Twitter
Facebook
LinkedIn
Leave a Reply
By submitting a comment here you grant Traders Log a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.