The Martingale strategy in Forex involves doubling your position size after each losing trade, with the goal of recovering losses once a winning trade occurs. The idea is that eventually, a win will offset previous losses and provide a profit. However, this approach carries high risk because it requires a significant capital buffer to withstand consecutive losses. If the market doesn’t reverse in your favor quickly, the losses can accumulate rapidly, potentially leading to large drawdowns or account depletion. #firstdealofthenewyearFateema