Thread: Is the martingale way the only way in Forex?

The only egy is effective for the succesful minority is patience, and well money management/low risk,
run away for another day if you see some ancient perennial loses, and at a day of success dont be greedy take your pre planned daily profit and go for the next day !!!!!
The majority is overtrading belevieng that its possible to become a millionaire overnight !!!
Thats it !!!

1 Attachment(s) I've this distinctive picture on speed dial for every Martingale system I see on forums. .

Https://forexintuitive.com/forex-tra...g-journal.html

See Nassim Taleb's Dark swan

Thank you

@Darastonius, @Quickly, @BudSpencer, @Grabowski:
Great points IMO.

Originally Posted by ;

These are my ideas and opinions, and I would appreciate to hear yours.

No crime, but like everyone else, your ideas reflect your personal level of knowledge and expertise.

Utilizing info from trading forums such asforexintuitiveto gauge what is or is not achievable is fairly meaningless. Barely any professional traders (institutional and prop traders, fund managers, etc) article.

Trading is about employing (1) proven egies, (2) the expertise needed to know just how and when to apply different egies, (3) proper measures to manage risk, and (4) consistent execution. Strategy is only 1 part of the equation.

No professional trader uses martingale. Martingale is betting, not trading.

Originally Posted by ;

@Darastonius, @Quickly, @BudSpencer, @Grabowski: Great points IMO. quote No crime, but like everybody else, your ideas reflect your own personal degree of knowledge and expertise. Using info from trading forums likeforexintuitiveto gauge what is or is not achievable is pretty moot. Hardly any professional traders (institutional and prop traders, fund managers, etc) post here. Trading is about employing (1) established egies, (2) the expertise required to know how and when to apply different egies, (3) appropriate steps to manage risk, and (4)...

you're absolutely right, a proven way of trading should consist of more than just observing two lines crossing in the chart. I am not a fan of martingale, just discussing it in concept.

Originally Posted by ;

Greetings to all fellow traders, to start with, I understand all the downsides of martingale trading style and lots sizing and averaging egies. And I am completely conscious of the effects of doing this in bad times like moving against tendencies , or beginning your own buy or sell chain at high or low peaks respectively,. However I believe that if you do it in the right time it might be very profitable. In my own view, and I repeat, MY OWN PERSONAL OPINION, I think there's not any proven working trading system yet for retail Forex traders. Logically...

Martingale is immensely profitable, its very difficult with place FX but somewhat simpler with exotic items like Binary Options. .

Originally Posted by ;

quoteMartingale is immensely profitable, its really very difficult with place FX but marginally easier with exotic things such as Binary Options. .

Great Afternoon Thoughts

Can you give us an illuion trading binary choices with martingale, thank you.

Originally Posted by ;

quote Good Afternoon Could you give us an illuion trading binary options using martingale, thank you.

I'll explain in broad terms:

With Binaries come certain peculiarities: you bet with money, maybe not lots (providing you excellent flexibility with risk management 'position sizing') and the space in profit isn't applicable, only the direction within a given time (consequently there's muuuuuch less labour with regards to forecast for directions while maintaining a specific velocity for returns).

Thus, take a egy, any egy, try to find the success rate as close as possible to 50 percent, the higher the win rate, the better.

Require any Binary, the closer the risk reward to 1, the better.

Trade that Binary with your egy and martingale if you lose; and there you go, with reasonable capitalization you're very profitable.

Originally Posted by ;

quote I'll describe in broad terms: With Binaries come particular peculiarities: you gamble with money, maybe not lots (giving you excellent versatility 'position sizing') along with the space in profit isn't relevant, only the direction in a specified time (hence there is muuuuuch less labour with regards to prediction for instructions while maintaining a certain velocity for yields). So, take a egy, any egy, attempt to get the win rate as close as possible to 50%, the greater the win rate, the greater. Simply take any Binary, the closer the risk reward to 1, the...

Thank you, I'll take a look.

Originally Posted by ;

quote I'll describe in broad terms: With Binaries come particular peculiarities: you bet with cash, not lots (giving you great flexibility with risk management 'position sizing') and also the space in profit is not applicable, only the direction within a given time (hence there is muuuuuch less work with respect to prediction for instructions while maintaining a specific velocity for yields). So, have a egy, any egy, attempt to find the success rate as close as possible to 50 percent, the greater the success rate, the better. Simply take any Binary, the nearer the risk...

But is not binary trading places you at a disadvantage in the long run? The profit ratio is 90%. And it may go as low as 65 percent on some currencies as well as time frames. In spite of a 50% win chance you become in a drawback since risk is always larger than rewards. I haven't attempted binary trading because I didn't like the math involved in it.

Martingale is a horse shit. There are MANY ways, one could dig lots of green pips, without even using multipliers.

I shall give you an example.

Daily breakouts. Track down them. Attempt to flip them. If it's possible to hold 300-400-500 pips after the past flip (don't raise the lot size whilst flipping!) , you'll get a wonderful profit.

An excellent flipping system would consume about 100-150 pips on average, as an expense, from the targeted 400 pips per trade.

I repeat, a great flipping system, in regard to yields, will double or triple the DD, as a net profit (in return)...

all you've got to do is to find out a good flipping system. It is not hard. It took me a little less than 3 decades.

My IQ is 75. I bet anyone here will do it quicker. I slept 4-5 hrs on average during those 3 years... This is really a low IQ sleeping difficulty. If you don't have a low IQ - you'll be just fine!