Martingale - pro's and con's

Martingale pro's and con's

As a professional roulette player I know Martingale as traders usually do not. Traders in general do not understand Martingale and using it wrong which leads to account balance = 0 very soon.

Can Martingale be useful?
- Yes, if you really know it and it is part of a trading plan! (Not a trading strategy, but a trading plan!)
If a strategy can only be profitable with Martingale it is not a strategy to follow.
You must have more wins then losses. At least 55% wins but better 60% and above.

I will be giving insights on Martingale under this topic.
In general all beginners must avoid using Martingale and keep practicing on demo account till achieving the 55-60% win ratio and above.

Cheers,
Gihon