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Thread: Martingale For Beginners

  1. #11
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    Martingale trading strategy not work in any kind of mathematics some time if a current trend is down regular then even we can lose some money in our trading account. Furthermore martingale is an dangerous trading strategy and it can damage our trading margin very quickly, I would suggest trader's to use hedging instead of martingale because hedging we can do nicely with proper calcualtion if we don't have to use stop loss.

  2. #12
    It takes a more experienced trader who knows the market so well to bank on this martingale system. If they can know a system that won't fail for long no matter the market condition then I believe martingale system can work. It's a kind of risky system of trade because you double each loss to target profits and in a situation where there is more number of loss in a row, your trading account balance could barely survive.

  3. #13
    Quote Originally Posted by Ifycoguy View Post
    I have been watching your participation in forum contest for a while now. I am tempted to say you will make a good quality writer if you take it as a passion and profession. A thumbs up from me.
    Thats what I have been saying its something she has inside her you are good at these and you will come out as a good trader and a writer at that, you know how to come up with stuff that can help people work with the right side of the market, you are able to put together a lot of information, thank you

  4. #14
    I took pain to read through your thread because I would like to be objective in my comment and that be as it may , I will never adopt Martingale system in trading because it can make you lose your account so fast . If there is any time a trader should reduce the risk of trading , it is when he is facing loss in trading but this Martingale system teaches to the contrary . I will just advise traders to be more mindful of the risks being taken in trading as that is the only condition to staying longer in trading and if you can manage the risks of trading properly as a trader in forex , you are not far from success

  5. #15
    I consider martingale strategy as risk increasing method of trading. I never intend to trade this way because of what I believe, martingale would just increase the amount of losses I'd suffer if I make mistakes. I do got money managements to trade and the lot size amount is managed properly. I don't want to increase my risk because safe trading is my best safety key to survive long with good profits.
    rules made to be followed, not to be broken

  6. #16
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    Quote Originally Posted by layigold View Post
    I took pain to read through your thread because I would like to be objective in my comment and that be as it may , I will never adopt Martingale system in trading because it can make you lose your account so fast . If there is any time a trader should reduce the risk of trading , it is when he is facing loss in trading but this Martingale system teaches to the contrary . I will just advise traders to be more mindful of the risks being taken in trading as that is the only condition to staying longer in trading and if you can manage the risks of trading properly as a trader in forex , you are not far from success
    The same thing here, any we need to know that any thing that seems as easy as this does not really work, it will only make us loss our money, but then again we have the new traders who are into the business for fast money so they are always really in connection with any trading system that can make them money.

  7. #17
    Nice illustration there and i wish you all the best.However i don't really agree that martingale strategy is good for beginners when it comes to forex trading.What i see here is a strategy that is good for Binary options traders and that is only when you have enough capital to risk.Forex deals with a carefully set out rules of trading. If you neglect those rules no matter how huge the capital is,you can still lose everything.

  8. #18
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    Quote Originally Posted by Ulthred View Post
    It takes a more experienced trader who knows the market so well to bank on this martingale system. If they can know a system that won't fail for long no matter the market condition then I believe martingale system can work. It's a kind of risky system of trade because you double each loss to target profits and in a situation where there is more number of loss in a row, your trading account balance could barely survive.
    yes it more takes more experience and i think beginners is not can be make it to run this strategy, and I thhink more better for newbie if want to trade by martiangle system they must to apply by demo and do practice and make surely they have understand about it, cause every system mus to tested early in demo before applying to real

  9. #19
    Quote Originally Posted by Khimi234 View Post
    Well martingale is not any kind of good trading strategy at all and if trader's want to follow this then it become very important to know the major support and resistance at first and we should take very lower risk when we do martingale because with higher risk its hard to do martingale for long term goal, even I would not suggest to use this better to learn any other trading strategy like swing trading, technical trading etc.
    But the black trade unfortunately needs patience. This is lacking in the vast majority of traders. I prefer trading on a daily basis but the most important thing is not to get into a big lot deal. Also you must have skills to achieve success in this market as you mentioned.

  10. #20
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    Quote Originally Posted by forexlearner View Post
    Martingale trading strategy not work in any kind of mathematics some time if a current trend is down regular then even we can lose some money in our trading account. Furthermore martingale is an dangerous trading strategy and it can damage our trading margin very quickly, I would suggest trader's to use hedging instead of martingale because hedging we can do nicely with proper calcualtion if we don't have to use stop loss.
    well, i have tried martingale for trading and the results were not good , traders really need to understand to implement martingale with well where good analysis is needed to support it, not easy to use thing trading strategies , better to use hedging as you have said above or stop loss to control my risk and save my balance. so good risk managements is needed by us to control the risk and give us more chances to do proper trading

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