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Forex Martingale in a new way
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[QUOTE="Firstgran, post: 180393, member: 66587"] The martingale was introduced by the French mathematician Paul Pierre Levy and became very popular in the 18th century in the world of gambling. The strategy is simply based on doubling the bet after a losing operation. Most of the theoretical work on the martingale was done by Joseph Leo Doob, an American mathematician interested in achieving 100% profitability from this strategy. When trading currencies we can find strong, long-lasting trends against our initial bet and these losing trades become common. The key to martingale, when applied to forex trading, is that "doubling" the bet, in essence, means reducing the average entry price. [/QUOTE]
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