## Using Martingale Méthode on Binary Option, Good or Bad Idea

Posted 8 July in #Binary #Double #Option #Good #Risk #Bad #Martingale
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1. What is Martingale method ?

A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. The martingale strategy has been applied to roulette as well, as the probability of hitting either red or black is close to 50%.
(source : Wikipedia)
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Thank you RahmanSL :)

Great article!

FXRabbit 19 July

Interesting article!

Thanks Natalia and FXRabbit

Very interesting article

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Reasons why some traders do not use Stop-Loss: I have mental Stop-Loss; I will exit my trades manually when it turns against me at certain pips. Price will come back, it happens in the past, and it certainly will happen again. I cannot let my broker see my stops, they would hunt it down.   Why mental Stop-Loss Fails Ok, let we look at some statistics first. Below is a table displaying the maximum pips range of four forex major pairs from the last 2,000 bars for 1 minute, 10 minutes, one hour, and 1-day time interval/period.  As you can see from the table above, price could move very far within very short period. Take EURUSD for example, could you react fast enough to exit manually when price move 59 pips in the wrong direction in just 1 minute? Remember when The Swiss National Bank decides to set a floor price of 1.20 Swiss francs to the euro to halt the continuing rise of its currency? How could you manually-exit your trade when price instantly jump after the announcement and end up 445 pips in just 10 minutes? Power failures, lost of internet connections, computer crashes are other reasons not to use mental Stop-Loss.    Waiting Price to Come BackM…