Trading the Martingale Strategy

After trying so many different things I found the best way to make money online is by trading the currencies in the forex market. The advantage of trading currencies in the forex market is that you could trade in a much smaller trade lot. Thus even with a small capital I could make use of the martingale strategy combined with a good proper money management technique to make money from the market continuously.

Now, I know some people are quite negative the use of martingale strategy. In fact, you are right to think so. If you look from a medical point of view, martingale strategy is like a poison. Poison in most ordinary people’s view is a substance that kills. However, some very wise medical practitioners are able to make use of poison to cure chronic diseases. This is because they knew the right portion of poison to use. Using too much will certainly kill the person you are trying to cure.

Thus when one is using martingale strategy, it is the same, be very careful not to use a high multiplying factor. A factor over 1.5 is too consider too high. Choosing the right multiplying factor requires skill and experience, plus you need to combine with other strategies to make it work. The other strategies are

1) A strategy that trades with the trend. This is very important.

2) A hedging strategy that safeguards your positions against trend change allowing you to make extra money.

3) The third and most important is money management. You must have enough money.

Thus with these combinations
- Good Money Management
- Martingale Strategy with the right multiplying factor
- Hedging Strategy
Making money from the forex market becomes quite easy.