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 Originally Posted by umar.ctn
It is true that this system is very famous but it is also true that this is very dangerous.
maybe if it is able to understand it will generate profits consistently well but I personally can not understand it properly.
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martingale
 Originally Posted by kalex76
Gambling shouldn't be included into trading .. as nothing can be achieved by guessing while trading ..ultimate result will be negative only.
may be some system act like gambling but it depend on a trader how he use it . Mean a trader should not make the concept of gambling in his trade.
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Moderator
cool user
Generally the newbie traders ,who are having good investment goes for such techniques as in this system,you are not in need of any kind of indicators or systems.
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If one had an infinite amount of money, this strategy would be a sure-fire thing but I strongly don't recommend trading with it.
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Martingale system i think will work well in range market,bust it's required good money management calculation in each step order,and before applied in real account,if we still nerw used this strategy,better try out in demo account first with make deposit same with in real account
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Oh this is a new system for me to hear in trading. thanks i want to know about it and how it work...
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Moderator
cool user
 Originally Posted by radex78
Martingale system i think will work well in range market,bust it's required good money management calculation in each step order,and before applied in real account,if we still nerw used this strategy,better try out in demo account first with make deposit same with in real account
Its very right radex, as any system ,if we are unknown of its working ..its always better to work into the demo account first and then we can go to real trading.
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 Originally Posted by kalex76
Its very right radex, as any system ,if we are unknown of its working ..its always better to work into the demo account first and then we can go to real trading.
Yes,and in my view martingale system is extreme strategy if compared with other strategy,because each step order always increase lot size,so far i am never practice with martingale because it's make my psychology get high pressure
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Market Maker
 Originally Posted by sarakhan
Oh this is a new system for me to hear in trading. thanks i want to know about it and how it work...
Martingale trading system is where we double the lot size after every lost trade and we keep on doing it until the trade is won. It is a gamblers way of trading and you should not follow it as it can lead to huge losses. It requires huge funds to do so so just forget about it .
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The system is good but it is dangerous because look like gambling... And i have heard this from many people this it is dangerous system..
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Market Maker
cool user
its not a gambling in this strategy whether you can make good profit or whether you will loose your huge capital and i must say that there are so many strategies which also works same like that, so we can't say that its gambling.
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 Originally Posted by seahawks90
its not a gambling in this strategy whether you can make good profit or whether you will loose your huge capital and i must say that there are so many strategies which also works same like that, so we can't say that its gambling.
To avoid gambling i think trader should make analysis market before make decision,and i think martingale system also required good knowledge with market behaviour and stick with limit risk account,some trader will stop at 50% risk with martingale,good math is very important to calculate risk maagement
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This is an amazing type of trading system because the system naturally involve an initial bet, however, each time the bet becomes a loser the wager is doubled such that given enough time, one winning trade will make up all of the previous losses.
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Moderator
cool user
 Originally Posted by umar.ctn
This is an amazing type of trading system because the system naturally involve an initial bet, however, each time the bet becomes a loser the wager is doubled such that given enough time, one winning trade will make up all of the previous losses.
yes,every trading system is having some advantages in spite of some disadvantages also ....just if we can master the martingale system .. we can get some good profit from them also.
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 Originally Posted by adnan10076
Martingale trading system — is based on the popular betting (gambling) system of the 18th century France. The main principle of this system is to double the bet each time you lose so that if you win (considering a 100% bet win/loss each time) you recover a previous loss and will also gain the first bet amount............
If this system is based on gambling concept, then why we use it in our trading..???
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