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Martingale Strategy Olymp Trade | Wiki | Trading | Calculator | Risk | Theory | Principle | FAQ & more: Hello folks…in this article, I will share with you the most riskest and profitable method used in Trading i.e Martingale Strategy.
Martingale Strategy is the most common trading system used by traders.
However, if you are trading with a martingale method without a proper strategy you may face a lot of damage.
So, keep reading ahead, Martingale Strategy Olymp Trade | Wiki | Trading | Calculator | Risk | Theory | Principle | FAQ & more
Martingale Strategy Wiki | Theory | Principle
What is a Martingale Trading Strategy?
As said above Martingale Strategy is the most common Trading System that is used by Traders.
However, Do you know How this system was developed?, Who is the founder of Martingale Strategy?
Well, It is said that the Martingale Strategy was designed for betting and was really popular in the 18th Century, France.
This Martingale Theory was originally built for a gamble game in Hindi we call it जुआ.
Where the gambler only intention was to cover all the previous loss if any.
If the gambler faces any loss. He will double the amount of bet and play again to cover the loss.
It is said, 1934, Paul Levy, introduced this system though he didn’t name it.
The name was introduced later by Ville in 1939, he also extended the definition to continuous martingales.
Martingale Strategy | Process | System | Calculator | System
Now, In this section, I will tell you the Martingale System. or How does Martingale Strategy Works?
To be honest I don’t personally use Martingale Strategy anymore.
However, I will tell you exactly How I used it to gain profit?
Step 1: Write Down the formula
The first and foremost important thing that I would suggest you is to write the formula.
It’s damn very easy!!!
Martingale Strategy = Previous Trade Amount * 2 +1 that’s it!!!
Step 2 : Understand this Example
The best way I can teach you the best Martingale Strategy is by an example.
Suppose, you Deposited $100 in your account.
Now your first Trade is let’s suppose is $1. and you lost that trade.
So, Your next trade amount that you will bid will be Previous Trade Amount ($1) *2 + 1 = $3.
assuming your the next trade is also a loss too…
So, now , new trade amount will be Previous Trade Amount ($3) *2 + 1 = $7.
Now, Suppose you won the third trade.
Now, Calculate Your Profit = Profit Amount [assuming 80%] 12.60 – Total Amount Invested ( $1 ) + ($3) + ($7 )
So, Your Profit will be $12.60 – $11 = $1.60.
That’s it!!!. this is How it works.
Now, if you trade again your next trade amount should be $1 again. and the cycle continues.
Now, Complete this Homework
Suppose You would also lose the 3rd trade and 4th Trade TOO what would be your 5th Trade amount. Comment your answer below.
Does the Martingale strategy work?
By now, you must have understood the Martingale Strategy complete process. How does Martingale Strategy Works? now the real question that must be running in your mind is Does the Martingale strategy work? or Is the Martingale system profitable?
As I said above, I have already tested this strategy before. but I don’t use it anymore because it’s very risky.
Several times I have seen that If you don’t practice this strategy properly, your account will go to zero in minutes.
So, instead, I will suggest you use this money management strategy. Martingale Strategy is really risky.
Now, coming to Is the Martingale system profitable? according to me if your properly know how to management risk Martingale strategy will be just money-making machine for you.
I have seen friends using martingale strategy properly and they are never out of money. even in this recession of COVID-19 they earning like a king.
Should you use the Martingale Strategy in Olymp Trade?
Answer to this question is both YES and NO!!!
According, to me, If you are a complete beginner and thinking about trading with a martingale method don’t ever try to use Martingale Strategy without a Hard practice.
If you are an experienced player you can give a try but do follow a proper money management strategy.
I will highly recommend you practice at least for 1 month in the demo account.
Practice just like you are trading in a real account. then only you will be able to handle the martingale strategy loss pressure.
Martingale Strategy Tips
- Don’t be greedy. Once you have achieved your profit leave trading for that day.
- Practice just like you are trading in a real account. then only you will be able to handle the martingale strategy loss pressure.
- Don’t invest too much amount. only what you can afford to lose if any.
Is the martingale strategy illegal?
If you are asking Is the martingale strategy illegal? for casino. I don’t know about that.
However, for trading this just a strategy. and no strategy is illegal. that’s it.
Why does Martingale not work?
Martingale Strategy does work. I told you already. However, the Martingale Strategy is very risky may not work some of you.
What is Reverse Martingale?
Reverse Martingale is almost same like Martingale Strategy.
In reverse Martingale, the trader will increase the amount even after each win. to convert his win into massive win.
Is the Martingale system profitable?
Yess… Martingle System is very powerful method and is highly profitable.
There is quote “More Risk equals more profit”.
Martingale Strategy is used properly is very profitable. but is very risky.
So, this is the end of these articles. I hope you must found this article really helpful.
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