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It is not a good idea to use martingle strategy with any amount of capital. They will all end up in losses sooner or later. So better stay away from it.

In forex market I agree with you. In actual gambling field, I don't know. There are people who are professional gamblers and made good money from applying certain techniques. But I myself understand a little about gambling so can't say much.

Agree with you. Only 1 or 2 things does not make a trader profitable. There are many factors and they need to be combined to develop something useful to make it bring positive pips the the trader.

Suppose a trader trades with $100 capital. Then 50% is not that much which is $50. Because the smallest they can trade with is 1000 units of currency or 1 micro lot. And when his capital increases then he will not be trading with high risk if he can control his greed. In economics there is a...

Money management is the latter part but a necessary one. But first when using someone else's strategy, it is necessary to understand the strategy properly so they can bring positive pips with that strategy.

Well as long as you can profit from any trading instrument, it is good. Difficulty will always be there. After all you are trading on one of the most complex markets in the world where very bright minds are also participating.

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Well said. Traders should take responsibility for their own action and should not blame it on something else. Even if an investor is investing on some PAMM account and if he loses, then it is not the trader's fault. He made a bad investment choice.

Gamblers either get huge or lose all. That's what I think. But what I wanted to tell here is it really does not matter what people says about this. It does not impact on any currency pair. lol If people like Mario Draghi says in a press conference that forex is gambling then it can have some...

Well traders who take other people's strategy, should make the strategy their own so they understand the strategy inside out and can use it at their own advantage.

Patience, good money management are necessary part of being a profitable trader. If they don't maintain these things then they may suffer loss because of them. Traders should always look at the big picture.

I am never going to trust my money to a robot. Either I will trade by myself and if I can't, it's better to let that trading opportunity go than using a robot. Market does not have shortage of opportunities.

I have back tested various martingle strategies and at one point all of them ended up in loss. The strategy is not good in my opinion and is like a void. It can look promising in pen and paper but when you try to apply it, it will be a disaster.

People will have to have the will to move ahead and prosper in this business. At times it may take a toll on the trader for not seeing good results but one should also remember that anything good does not come easy and people have to work hard for it.

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