Martingale is suitable for any binary options

Martingale is suitable for any binary options

By: Aleks@ndr Date of post: 18.07.2017

Today we are going to explain it in detail and get to the bottom of the all hype to see if it sucks or not. The Martingale strategy originates in France and was first used in the 18th century. The most basic form was applied in the game of coin toss — a gambler wins if the coin comes up heads and loses if the coin comes up tails.

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Basically, it helps you maintain momentum when having a great long winning streak by bridging the gap of a few losses. Here is an example: It will look like this: Well, in our scenario the gambler keeps trading until eventually the coin feels bad for all the losses and comes up heads for the final win.

Think of it this way: Our bets will grow exponentially with every loss and the numbers will quickly get out of control if you never win and eventually you will run out of money. It is clearly and with no doubt a gambling strategy and does nothing for you except the illusory promise of capital preservation…but maybe there is still hope for it and we could make it work in trading.

Of course, before we move one, there is a bit of a problem when using Martingale with binary options. It is mathematically proven that eventually the coin will come up heads and we will win , , , if we can keep betting. The fact that you will win without a doubt and make at least a little profit generated the huge hype of the Martingale. However, you need two things to win for sure: A trader tries to tilt the odds in his favor using technical and fundamental analysis.

If we combine Martingale and good analysis of the market…we might have a winner.

Money management and risk control are the bread and butter of all traders, or gamblers for that matter. This is called playing not lose. All it does is prolong your play time until all those previous losses add up to an amount that will wipe your account right out of the market.

It is by far better to play to win.

You want to manage your risk, but you also want to let your winners win and to do this you have to accept your losses one of the virtues of trading , and move on from them.

This is why true money management and the Percent Rule we here at BinaryOptionsThatSuck. It keeps losses small so that no one loss, or losing streak, will wipe you out and yet will also let each trade grow as your account grows, maximizing profits. So, are you playing not to lose or are you playing to win? I am not really a follower of traditional trading and money management techniques but I kind of like the Martingale and I consider that if used wisely — and please note that the bold characters are not used by mistake- it can turn out to be profitable.

If all you do is gamble wildly on the market and think of yourself to be a trader then the Martingale will eventually blow in your face and you will be left with no money in your pocket. I tried using this system with blackjack without knowing what it was called. I thought it was unstoppable so I got greedy. I lost it all. I use this strategy with bollinger bands in a demo account, sor far so good, but i am not to sure in long term.

The key is to know when to use it, and when to stop.

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When to stop if winning and when to stop if losing. Set hard stopping points. Personally I use 2 losses. By 2nd loss, I know my mind is no longer focused on my charts and set ups I use a two trade martingale.

I accept loss and come back later. I have alternate trades calculated that I uses when I am winning to start slowly making losses back. If I win 3 or 4 trades, I know its time to stop and come back later as well.

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martingale is suitable for any binary options

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martingale is suitable for any binary options

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martingale is suitable for any binary options

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