Martingale Strategy is a type of strategy that is specially developed for forex trading. It was developed in 18^{th} century. This is a strategy that is designed for forex trading. Martingale strategy works on the logic that in which if a candel comes up heads, the worker wins the profit and loses it if the candel comes up tails. The profit means that the worker invests money. If worker wins profit, he gets money and if the worker loss profit then he gives money.

This strategy is the most commonly and popular strategy that is used for gamming trade.The idea behind this strategy is very beautiful that if the worker losses the profit then he can increase the profit chances and if the worker wis the profit then the worker can get back his money that is called profit in this type of trade. This is a logical trade. Here no type of strategic mind or tool is used. There is no need to implement any mathematical tool.

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**How to use this strategy?**

The easy way of using the martingale strategy is that if the worker profits money on even numbers not odd then there are many chances of winning the profit. If workers profit on odd number of moneys then there are fifty percent chances of winning money you invest on the profit.

For example, if a workerinvests 100 on profit and if he wins the profit then he will get 100 rupees. So, the even profit money method is quite profitter.

Some workers did not like this strategy very much because it is a bit risky strategy. It is completely based on the workers profit. No doubt here the worker can win the profit in very short time but he can also on the other had loss the bit. If worker win, he gets profit in the form of money and also if he loses then the money will be taken over by the other worker. May be the amount you invested on the best more than the profit. So, the power of the money may be large or small.

**How it works?**

Let suppose you are a new worker for this strategy and you want to use it for your workplace. You want to work online your forex trading. Your profit may be is on red or black color. In these colors you have fifty fifty chances to win the profit.

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If your profit is on red the result is black then you lose your profit and you will pay double amount on next turn. And on the other side if profits on green then the result is white so u win it. If you win your profit then the winner will start his next turn from the first profit and all the process will start again for the winner.

It can be seen that mostly people think that big benefits can never be gain from the Martingale strategy. In many other profitting strategies, like gambling companies, losing profit can be expecte.so the chances of winning can be fifty fifty, it can be still possible that a profit can profit loss ten times. That’s why this is risky because the money can be quickly get out from the violet.

**Is it legal?**

The martingale strategy system is most commonly used system for forex trading profitting. But here a question arises that Is its legal system? The peoples that support this type of strategy says that this strategy helps them to gain their goal.

On the other hand, the critics revies about it is that this the way of losing money quickly. At any profit the worker can lose his money and can be a victim of loser. It cannot be easy to say that this is legal or not. There is different point of views about it and no view is clear at all.

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**How to do trade with it?**

This strategy is good for trading but this is not good for the beginners. The beginners do not know that how to trade with it. He should gain experience from the workers who have great grip on using this strategy. If a fresher use it for online gambling then may be, he can be a victim of loser. Because he can easily lose his money at the starting stages.

For experienced workers this strategy works as that if the trader wins the profit then the trading size will large that will give profit but if the trader lose profit then he loses his money and there will be no change in the market trend. So, there is a lot of chances for losing rather than winning. This is much suitable for master workers.

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The profit or loss can be disworked in the form that if there is a change in the market trend then this is the sign of profit and on the other hand if there is no change then it is loss. This is a risky strategy. The trading is depending on the principle that lose or win just like a phrase “DO or Die”.

**Advantages and Disadvantages**

One of the main advantages of using the Martingale profitting strategy is that it is so simple to understand.

Some of the other profitting methods that gives full formulasare difficult to understand. Before using the Martingale technique, it is very important that you gain a profit and reduces the chances of the loss at the starting stage of the profit. The only problem in using this strategy is that if u losses a profit then you will take start from start and also gives the double money in next turn.

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The Martingale strategy is also a great job for online profitting workers who are new to a for the online forex tradings. For example, new workers can learn the rules by using the forex trading properly from those who are experienced in this strategy. Old workers of online gaming may also help freshers to their money using this method.