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Martingale Strategy on MarketsWorld

I'm new to binary options and just started trading with MarketsWorld. As most of you probably know they have payouts of 70%, less than I would hope for, but as I am a US citizen I much prefer this platform to Nadex's. I have a basic math question with regard to using the Martingale strategy with this 70% payout; how much do I need to raise my stake by after each loss in order to be profitable at the end of any given losing streak?

Comments

  • OkaneOkane Posts: 1,281 admin
    amsmith said:

    I'm new to binary options and just started trading with MarketsWorld. As most of you probably know they have payouts of 70%, less than I would hope for, but as I am a US citizen I much prefer this platform to Nadex's. I have a basic math question with regard to using the Martingale strategy with this 70% payout; how much do I need to raise my stake by after each loss in order to be profitable at the end of any given losing streak?

    You should NOT use Martingale. It's a gambling no-good-strategy made by brokers to make you lose money fast.
    That is not proper money management and only beginners with no knowledge would ever touch Martingale.
  • amsmithamsmith Posts: 2
    I appreciate your concern but I fully understand what catastrophic downsides using the Martingale strategy could entail. However I think if given very low initial stakes ($1 - $5) and utilizing a certain cutoff point (i.e. cutting losses after 4 or 5 consecutive losing bets), Martingale could be a viable and effective strategy. Using proven and effective indicators along with this method furthers its plausibility. I may be new to Binary but I've done plenty of research and can clearly see that the name of the game is limiting exposure and minimizing losses. I am in no way suggesting to use the Martingale strategy blindly or without moderation.
  • Blue Sky BinaryBlue Sky Binary Posts: 157 ✭✭
    Hello ams,

    Should your martingaling not workout longer term, you may wish to try and just focus on better entries, or try dollar-cost-averaging. The other option is a systemic martingale spread across pairs and not on 1 particular currency move, in theory this can work as long as you cap the sequence to 2-3.

    In general, however, martingaling is highly frowned upon mainly because it works for a bit and then one fine day, account blown!

    Team BSB
    Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

  • BossBoss Posts: 77
    In general I don't advise to use this strategy. Sooner or later you'll end up losing your deposit. It's not a casino... there are many other working strategies, use them.
  • mrTradermrTrader Posts: 5
    I would not recommend this strategy if you are novice at binary options trading.
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