Having recently lost £2000 with poor trading with 24option, a new account manager has been appointed to help me recover the losses, and make a profit into the bargain. She opened me a demo a/c with 21K in it and introduced me to Martingale - which I thought was simply a betting strategy rather that a system of intelligent analysis of the markets and indicators. However, using this strategy I made £300 in 20 minutes, so early signs were encouraging. After a few days they came up with my personalised 'recovery plan'. I have copied and pasted it below -and any intelligent thoughts on it would be much appreciated.
This is the financial plan for 5000 GBP.
Invested capital: 2500
Bonus from the company: 2500
Money management for each operation: 10%
Each operation: 500 GBP
With one operation/day we have 500 * 82%= 910 GBP.
Possible profit: 410 GBP per operation.
In one week if you close 4/5 operations in profit, you reach 410 * 4 = 1640
Lost operation: 1 = 500
Possible weekly profit: 1640 - 500 = 1140 GBP.
Possible monthly profit: 1140 * 4 = 4560 GBP