What do you think about Martingale strategy ? - page 4

 
Marco vd Heijden:

of course there are people that win a lottery and become millionaire.

that is no different.

Lottery win and martingale style gambling trading / casino / jackpot etc are not same. 
 
Pankaj D Costa:
Lottery win and martingale style gambling trading / casino / jackpot etc are not same. 

in lottery one in million is selected as a millionaire. but in martingale every one using it for long time will crash account  . . . . . .

  

 
Pankaj D Costa:
Lottery win and martingale style gambling trading / casino / jackpot etc are not same. 
What is the difference ?
 
Marco vd Heijden:
What is the difference ?
Lottery win is depend on luck but martingale is not a luck. It's success depend on balance, martingale style, order gap etc. If you want, can control the loss in trading, can take profit also, but you never can control to win a lottery. Hope you know very well what is lottery and what is forex trading. Thanks.
 

Well i can buy all lottery tickets that are sold to make sure i win.

Isn't that the same thing as what you refer to as it's success depends on Balance ?

And i can also control loss by buying less tickets,

Same goes for controlling profit levels, i can buy more to increase chance.

In the end the two might not be as different as you might expect.

 
Marco vd Heijden:

Well i can buy all lottery tickets that are sold to make sure i win.

Isn't that the same thing as what you refer to as it's success depends on Balance ?

And i can also control loss by buying less tickets,

Same goes for controlling profit levels, i can buy more to increase chance.

In the end the two might not be as different as you might expect.

Buy all the lotteries from Bet365 Lotto section and please teach me how to buy all the lotteries, I will thankful to you. 

If you think, lottery and forex is same, why you are wasting your time with forex? Buy lottery and control profit / loss in lottery.

I am sorry, I have not much knowledge, that's why thought lottery and forex is difference. But I am happy with my poor knowledge. Thanks.  

 
Don't care about what is different between lottery and forex. Just care about how to win. It is all.
 
Pankaj D Costa:

Buy all the lotteries from Bet365 Lotto section and please teach me how to buy all the lotteries, I will thankful to you. 

If you think, lottery and forex is same, why you are wasting your time with forex? Buy lottery and control profit / loss in lottery.

I am sorry, I have not much knowledge, that's why thought lottery and forex is difference. But I am happy with my poor knowledge. Thanks.  

both can be and is Gambling for a lot of people, as you know only so few are real traders.

it boils down to knowing what your doing.

 
Tan Phan Ngoc:
Don't care about what is different between lottery and forex. Just care about how to win. It is all.
Good answer my friend. We should care about how to win, whatever, wherever,  whenever. 
 

yes well knowledge is part of the answer.

i did a study on slot machines alone.

they have a random number generator which has a 50% win rate.

in forex, whenever you open a position you are also right 50% of the time,

when it comes to the direction of the next candle.

in the case of the slot machine, still the casino's make money,

this is done through the use of the reels and the combination map,

a low budget machine usually has a payout rate of about 86%

and the higher budget machines a payout rate of 96%.

as you can see you start with a 50% in both cases,

then there is some follow up strategy that makes sure that,

one of the participants in the loop has a guaranteed profit.

in forex this is exactly the same and the end result will depend

on the mechanism at play after the initial entry.

the more you study and discover, the clearer the picture becomes.

things that seem unrelated at first start to show a clear resemblance.. 

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