What Is A Forex Martingale Strategy

Forex Martingale Strategy

The Martingale forex strategy involves doubling the initial amount every time it becomes a losing trade. The idea is to try and cover all previous losses with a winning trade. However, if the positions keep on increasing and that winning trade does not come, this can lead to disaster. I have seen many martingale trading systems with huge drawdowns and blown accounts. What is the Forex Martingale Strategy? French mathematician Paul Pierre Levy first introduced the Martingale strategy. It gained popularity in the 18th century as a betting style. Gamblers doubled the bet each time after the loss until they …READ MORE