Educational content only
This material is provided for educational and demonstration purposes only. It is not a personal recommendation to buy, sell, or hold any financial instrument.
Market Ideas
Efficiency as a process, not a static state.
The Efficient Market Hypothesis explains information efficiency, but not every detail of how prices are mechanically delivered through modern venues.
EMH has dominated for 60+ years
It gives a powerful account of available information in prices, but it often abstracts from liquidity gaps, order-matching rules, algorithmic feedback loops, and short-lived revisit behaviour.
- Explains information efficiency, but not delivery mechanics.
- Repeated signatures show efficiency as a process.
- Structural frictions can create observable daily inefficiencies.
Disclaimers
Risk warning
Trading futures, forex, options, and leveraged instruments carries substantial risk. You may lose some or all of your capital, and you should only trade with funds you can afford to lose.
Performance limits
Past performance is not a reliable indicator of future results. Live, simulated, or hypothetical examples may differ materially from outcomes achieved in real market conditions.