Martingale and Forex
I have seen a lot of managed Forex brokers and a lot who subscribes to such brokers who claim that they can make a lot of money for you. But analyzing a lot of them, I found that most are using some sort of martingale algorithm coupled with trend recognition. You can win for months, but one loss may wipe out everything. If you are looking to get a broker, do ensure you get their verified results for months of data and also beware that past results does not guarantee future earnings and also do invest only what you can afford to lose. I just wonder, if the managed brokers can really earn so much, do they need to manage $3000 to $5000 per account for such small investors? I won’t want to take any retail investors if I am that capable, but rather concentrate on institutional customers with $100 million account minimum.