Question: One implication of the random walk hypothesis is given the efficiency of foreign exchange markets, it is difficult to outperform the market - based forecasts

One implication of the random walk hypothesis is
given the efficiency of foreign exchange markets, it is difficult to outperform the market-based forecasts unless the forecaster has
access to private information that is already reflected in the current exchange rate.
given the efficiency of foreign exchange markets, it is difficult to outperform the market-based forecasts unless the forecaster has
access to private information that is not yet reflected in the current exchange rate.
none of the options
given the relative inefficiency of foreign exchange markets, it is difficult to outperform the technical forecasts unless the forecaster has
access to private information that is not yet reflected in the current futures exchange rate.
One implication of the random walk hypothesis is given the efficiency

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