thought of the day.

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my friend does forex trading. anytime we ended discussing it he always talks about "the ladder method."

or basically. "you'll win as long as you have money to burn method.",

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Yameteh Stepladder!

basically. you bet 1 dollar, if you lose, bet 2 dollar, then if you lose again 4, then 8, then 16 and so on and so forth until you win or give up.

What do I think of it? It's a good strategy actually. You will always recoup the losses and gain 45% if the payout is 95% if you finally win.

The strategy is good because the trader will always want to win not to lose. so while on paper it's a 50-50 chance, it's not.

The only caveat here is that you must have money to burn.

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