{"id":57711,"date":"2025-09-06T10:29:57","date_gmt":"2025-09-06T02:29:57","guid":{"rendered":"http:\/\/test.swqi.tw\/?p=57711"},"modified":"2025-12-03T03:42:33","modified_gmt":"2025-12-02T19:42:33","slug":"who-profits-from-martingale","status":"publish","type":"post","link":"https:\/\/mister.forex\/cs\/who-profits-from-martingale\/","title":{"rendered":"Skute\u010dn\u00ed p\u0159\u00edjemci obchodn\u00ed strategie Martingale:&nbsp;Anal\u00fdza model\u016f zisku pro brokery a zprost\u0159edkovatele (IB)."},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"57711\" class=\"elementor elementor-57711\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed098c4 e-flex e-con-boxed e-con e-parent\" data-id=\"ed098c4\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f7797e9 elementor-widget elementor-widget-html translation-block\" data-id=\"f7797e9\" data-element_type=\"widget\" data-widget_type=\"html.default\"><span>\n<strong>Martingale (Martingale)<\/strong>&nbsp;je obchodn\u00ed strategie, kter\u00e1 na devizov\u00e9m trhu vyvol\u00e1v\u00e1 protich\u016fdn\u00e9 reakce. Na jedn\u00e9 stran\u011b jej\u00ed zd\u00e1nliv\u011b dokonal\u00e1 k\u0159ivka kapit\u00e1lu l\u00e1k\u00e1 mnoho obchodn\u00edk\u016f; na druh\u00e9 stran\u011b jej\u00ed inherentn\u00ed vysok\u00e9 riziko vede k tomu, \u017ee mnoho obchodn\u00edch \u00fa\u010dt\u016f p\u0159ijde o v\u0161echny sv\u00e9 prost\u0159edky.<br><br>\nJe to jev, kter\u00fd stoj\u00ed za prozkoum\u00e1n\u00ed:&nbsp;Pro\u010d je tato strategie na trhu st\u00e1le tak b\u011b\u017en\u00e1, kdy\u017e jsou jej\u00ed rizika v\u0161eobecn\u011b zn\u00e1m\u00e1? Pro\u010d se zd\u00e1, \u017ee ji drobn\u00ed obchodn\u00edci, zprost\u0159edkovatel\u00e9 (IB) a dokonce i broke\u0159i ti\u0161e toleruj\u00ed?<br><br>\nTento \u010dl\u00e1nek analyzuje finan\u010dn\u00ed motivaci r\u016fzn\u00fdch stran zapojen\u00fdch do strategie Martingale z pohledu obchodn\u00ed anal\u00fdzy. Pono\u0159\u00edme se hloub\u011bji do rol\u00ed drobn\u00fdch obchodn\u00edk\u016f, IB a broker\u016f v tomto syst\u00e9mu a uk\u00e1\u017eeme, kdo je kone\u010dn\u00fdm p\u0159\u00edjemcem.<br>\n\n<h2><strong>Drobn\u00ed obchodn\u00edci \u2013 \u00fa\u010dastn\u00edci siln\u011b ovlivn\u011bni psychologick\u00fdmi p\u0159edsudky<\/strong>&nbsp;<\/h2>\nDrobn\u00ed obchodn\u00edci jsou p\u0159\u00edm\u00fdmi u\u017eivateli strategie Martingale a kone\u010dn\u00fdmi nositeli rizika. Tuto strategii si vyb\u00edraj\u00ed hlavn\u011b kv\u016fli n\u011bkolika siln\u00fdm psychologick\u00fdm p\u0159edsudk\u016fm.\n<ol>\n<li><strong>Vizu\u00e1ln\u00ed d\u016fv\u011bra v k\u0159ivku kapit\u00e1lu:<\/strong>&nbsp;Graf stavu \u00fa\u010dtu (Balance) u strategie Martingale je obvykle p\u0159ed z\u00e1nikem \u00fa\u010dtu stabiln\u011b rostouc\u00ed diagon\u00e1ln\u00ed \u010d\u00e1ra. Tato vizu\u00e1ln\u00ed \"stabilita\" vytv\u00e1\u0159\u00ed siln\u00fd pocit psychologick\u00e9ho bezpe\u010d\u00ed, co\u017e vede obchodn\u00edky k myln\u00e9 domn\u011bnce, \u017ee se jedn\u00e1 o dokonalou obchodn\u00ed strategii.<\/li>\n\u00a0\u00a0\n<img class=\"alignnone size-medium wp-image-57717\" src=\"https:\/\/mister.forex\/wp-content\/uploads\/2025\/09\/martingale-fake-stable-500x281.webp\" alt=\"\" width=\"500\" height=\"281\">\n\u00a0\u00a0\n<li><strong>Averze k ztr\u00e1t\u011b (Loss Aversion):<\/strong>&nbsp;Psychologick\u00e9 studie ukazuj\u00ed, \u017ee negativn\u00ed pocit lid\u00ed ze ztr\u00e1ty je mnohem siln\u011bj\u0161\u00ed ne\u017e pozitivn\u00ed pocit ze stejn\u00e9ho zisku. Z\u00e1kladn\u00ed mechanismus strategie Martingale spo\u010d\u00edv\u00e1 v tom, \u017ee \"nerealizuje ztr\u00e1tu\", ale m\u00edsto toho zvy\u0161uje pozici a \u010dek\u00e1 na obrat trhu. To je v naprost\u00e9m souladu s lidskou tendenc\u00ed vyh\u00fdbat se potvrzen\u00ed ztr\u00e1ty.<\/li>\n<li><strong>Psychologick\u00e1 pot\u0159eba okam\u017eit\u00e9ho zisku:<\/strong>&nbsp;Na z\u00e1klad\u011b dlouhodob\u00e9ho pozorov\u00e1n\u00ed trhu se mnoho obchodn\u00edk\u016f c\u00edt\u00ed \u00fazkostn\u011b, pokud jejich \u00fa\u010det v dan\u00fd den nem\u00e1 \u017e\u00e1dn\u00e9 obchody nebo zisky. \u010casto se ptaj\u00ed:&nbsp;\"Pro\u010d nejsou \u017e\u00e1dn\u00e9 nov\u00e9 obchody?\" Tato psychologick\u00e1 pot\u0159eba \"denn\u00edch v\u00fdnos\u016f\" \u010din\u00ed z Martingale, co\u017e je vysokofrekven\u010dn\u00ed obchodn\u00ed vzor, obzvl\u00e1\u0161t\u011b atraktivn\u00ed volbu.<\/li>\n<\/ol>\n\n<h2><strong>Zprost\u0159edkovatel\u00e9 (IB) \u2013 hlavn\u00ed hnac\u00ed s\u00edla objemu obchod\u016f<\/strong>&nbsp;<\/h2>\nZprost\u0159edkovatel\u00e9 (IB) jsou prost\u0159edn\u00edky mezi drobn\u00fdmi obchodn\u00edky a brokery. Jejich hlavn\u00ed p\u0159\u00edjem poch\u00e1z\u00ed z proviz\u00ed generovan\u00fdch obchodov\u00e1n\u00edm klient\u016f. Kl\u00ed\u010dov\u00fdm faktorem pro stanoven\u00ed p\u0159\u00edjmu IB je tedy celkov\u00fd objem obchod\u016f klienta. A strategie Martingale je n\u00e1strojem, kter\u00fd dok\u00e1\u017ee generovat obrovsk\u00fd objem obchod\u016f.\n<ul>\n<li><strong>Exponenci\u00e1ln\u00ed r\u016fst objemu obchod\u016f:<\/strong>&nbsp;Tradi\u010dn\u00ed obchodn\u00ed strategie mohou dlouhodob\u011b udr\u017eovat pevnou velikost pozice. U strategie Martingale v\u0161ak pozice po s\u00e9rii ztr\u00e1t rostou exponenci\u00e1ln\u011b (nap\u0159. 0.1, 0.2, 0.4, 0.8...). Pro IB to znamen\u00e1 rychl\u00e9 zv\u00fd\u0161en\u00ed p\u0159\u00edjm\u016f z proviz\u00ed.<\/li>\n<li><strong>Efektivn\u00ed marketingov\u00fd narativ:<\/strong>&nbsp;IB obvykle ukazuj\u00ed potenci\u00e1ln\u00edm klient\u016fm historickou k\u0159ivku kapit\u00e1lu strategie Martingale a pou\u017e\u00edvaj\u00ed slogany jako \"stabiln\u00ed m\u011bs\u00ed\u010dn\u00ed zisky\", \"t\u00fddenn\u00ed zisky\", \"obchody ka\u017ed\u00fd den\". Tento marketingov\u00fd p\u0159\u00edstup p\u0159\u00edmo uspokojuje psychologick\u00e9 pot\u0159eby drobn\u00fdch obchodn\u00edk\u016f zm\u00edn\u011bn\u00e9 v prvn\u00ed kapitole. Pro IB je maximalizace objemu obchod\u016f klient\u016f hlavn\u00edm obchodn\u00edm c\u00edlem.<\/li>\n<\/ul>\n\n<h2><strong>Broke\u0159i \u2013 spr\u00e1vci syst\u00e9mu a kone\u010dn\u00ed p\u0159\u00edjemci<\/strong>&nbsp;<\/h2>\nBroke\u0159i jsou tv\u016frci pravidel trhu a mohou z obchodn\u00edch aktivit stabiln\u011b profitovat. Hybridn\u00ed obchodn\u00ed model s operacemi \"A-Book\" a \"B-Book\" je kl\u00ed\u010dem k pochopen\u00ed role brokera v t\u00e9to struktu\u0159e.<br><br>\n\n<h3><strong>Model A-Book (A-Book)<\/strong>&nbsp;<\/h3>\nJedn\u00e1 se o <strong>model agentury (Agency Model)<\/strong>. V tomto modelu broker zas\u00edl\u00e1 klientsk\u00e9 objedn\u00e1vky p\u0159\u00edmo poskytovatel\u016fm likvidity. Zisk brokera poch\u00e1z\u00ed ze spread\u016f nebo poplatk\u016f. V modelu A-Book tak broker profituje z vysok\u00e9ho objemu obchod\u016f generovan\u00e9ho strategi\u00ed Martingale.<br><br>\n\n<h3><strong>Model B-Book (B-Book)<\/strong>&nbsp;<\/h3>\nJedn\u00e1 se o <strong>model protistrany (Counterparty Model)<\/strong>. V tomto modelu broker objedn\u00e1vky neodes\u00edl\u00e1, ale p\u0159\u00edmo funguje jako protistrana klienta. To znamen\u00e1, \u017ee ztr\u00e1ta klienta je ziskem brokera.<br><br>\n\nV standardn\u00ed praxi odv\u011btv\u00ed syst\u00e9m pro \u0159\u00edzen\u00ed rizik brokera automaticky klasifikuje obchodn\u00ed chov\u00e1n\u00ed klient\u016f. Syst\u00e9m identifikuje u\u017eivatele strategie Martingale na z\u00e1klad\u011b n\u00e1sleduj\u00edc\u00edch charakteristik:&nbsp;\n<ul>\n<li>Vysokofrekven\u010dn\u00ed obchodov\u00e1n\u00ed.<\/li>\n<li>Extr\u00e9mn\u011b kr\u00e1tk\u00e9 doby dr\u017een\u00ed ziskov\u00fdch objedn\u00e1vek a extr\u00e9mn\u011b dlouh\u00e9 doby dr\u017een\u00ed ztr\u00e1tov\u00fdch objedn\u00e1vek.<\/li>\n<li>Nepou\u017e\u00edv\u00e1n\u00ed nebo jen velmi z\u0159\u00eddka pou\u017e\u00edv\u00e1n\u00ed p\u0159\u00edkaz\u016f stop-loss.<\/li>\n<li>Velikost pozice roste exponenci\u00e1ln\u011b s po\u010dtem po sob\u011b jdouc\u00edch ztr\u00e1t.<\/li>\n<\/ul>\n\u00da\u010dty s t\u011bmito vlastnostmi maj\u00ed velmi vysokou pravd\u011bpodobnost, \u017ee je syst\u00e9m pro \u0159\u00edzen\u00ed rizik za\u0159ad\u00ed do kategorie B-Book. Pokud celkov\u00e1 rizikov\u00e1 expozice \u00fa\u010dtu nep\u0159ekro\u010d\u00ed akceptovateln\u00fd rozsah spole\u010dnosti, broker bude r\u00e1d jeho protistranou, proto\u017ee se jedn\u00e1 o p\u0159edv\u00eddateln\u00fd model s vysokou pravd\u011bpodobnost\u00ed zisku. Broker sta\u010d\u00ed jen po\u010dkat, a\u017e se na trhu jednou objev\u00ed jednostrann\u00fd trend, aby z\u00edskal cel\u00fd kapit\u00e1l \u00fa\u010dtu. Tento zisk je obvykle mnohem vy\u0161\u0161\u00ed ne\u017e poplatky z\u00edskan\u00e9 z modelu A-Book.\n\n<h2><strong>Z\u00e1v\u011br:&nbsp;Anal\u00fdza rol\u00ed v\u0161ech z\u00fa\u010dastn\u011bn\u00fdch stran<\/strong>&nbsp;<\/h2>\nZ v\u00fd\u0161e uveden\u00e9ho m\u016f\u017eeme jasn\u011b definovat role a z\u00e1jmy ka\u017ed\u00e9 strany v tomto syst\u00e9mu:&nbsp;\n<ul>\n<li><strong>Drobn\u00ed obchodn\u00edci:<\/strong>&nbsp;Jako poskytovatel\u00e9 kapit\u00e1lu nesou t\u00e9m\u011b\u0159 ve\u0161ker\u00e9 tr\u017en\u00ed riziko, p\u0159i\u010dem\u017e jejich chov\u00e1n\u00ed je \u0159\u00edzeno hlavn\u011b o\u010dek\u00e1v\u00e1n\u00edm zisku a psychologick\u00fdmi p\u0159edsudky.<\/li>\n<li><strong>Zprost\u0159edkovatel\u00e9 (IB):<\/strong>&nbsp;Jako hybatel\u00e9 obchodn\u00ed aktivity, podporuj\u00ed vysokofrekven\u010dn\u00ed obchodov\u00e1n\u00ed uspokojov\u00e1n\u00edm psychologick\u00fdch pot\u0159eb drobn\u00fdch obchodn\u00edk\u016f, a z\u00edsk\u00e1vaj\u00ed provize na z\u00e1klad\u011b objemu obchod\u016f.<\/li>\n<li><strong>Broke\u0159i:<\/strong>&nbsp;Jako spr\u00e1vci syst\u00e9mu a kone\u010dn\u00ed p\u0159\u00edjemci. V modelu A-Book vyd\u011bl\u00e1vaj\u00ed stabiln\u00ed poplatky; v modelu B-Book profituj\u00ed p\u0159\u00edmo ze ztr\u00e1t drobn\u00fdch obchodn\u00edk\u016f, v\u010detn\u011b jejich kapit\u00e1lu.<\/li>\n<\/ul>\nSkute\u010dn\u00fdmi p\u0159\u00edjemci jsou tedy ti zprost\u0159edkovatel\u00e9, kte\u0159\u00ed dok\u00e1\u017e\u00ed \u0159\u00eddit syst\u00e9mov\u00e9 riziko a stabiln\u011b profitovat z obchodn\u00edch aktivit.<br><br>\nPro obchodn\u00edky je pochopen\u00ed tohoto obchodn\u00edho modelu z\u00e1sadn\u00ed. P\u0159i hodnocen\u00ed jak\u00e9koli obchodn\u00ed strategie, kter\u00e1 tvrd\u00ed, \u017ee poskytuje stabiln\u00ed vysok\u00e9 v\u00fdnosy, byste m\u011bli pe\u010dliv\u011b analyzovat jej\u00ed z\u00e1kladn\u00ed mechanismy a zamyslet se nad svou rol\u00ed v celkov\u00e9 struktu\u0159e z\u00e1jm\u016f.\n<\/span><\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31f344b elementor-widget elementor-widget-template\" data-id=\"31f344b\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"49841\" class=\"elementor elementor-49841\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12b0f8d1 e-flex e-con-boxed e-con e-child\" data-id=\"12b0f8d1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79c97e7 elementor-widget elementor-widget-html translation-block\" data-id=\"79c97e7\" data-element_type=\"widget\" data-widget_type=\"html.default\"><span>\n<strong style=\"font-size: 1.2em\">\nAhoj, jsme <a href=\"https:\/\/mister.forex\/cs\/about-us\/\" target=\"_blank\" style=\"text-decoration: underline\">v\u00fdzkumn\u00fd t\u00fdm Mr.Forex<\/a><\/strong><br>\n\nObchodov\u00e1n\u00ed vy\u017eaduje nejen spr\u00e1vn\u00e9 my\u0161len\u00ed, ale tak\u00e9 u\u017eite\u010dn\u00e9 n\u00e1stroje a post\u0159ehy. Zam\u011b\u0159ujeme se na recenze glob\u00e1ln\u00edch broker\u016f, nastaven\u00ed obchodn\u00edch syst\u00e9m\u016f (MT4 \/ MT5, EA, VPS) a z\u00e1klady forexov\u00e9 praxe. Osobn\u011b v\u00e1s nau\u010d\u00edme ovl\u00e1dnout \"n\u00e1vod k obsluze\" finan\u010dn\u00edch trh\u016f a vybudovat profesion\u00e1ln\u00ed obchodn\u00ed prost\u0159ed\u00ed od nuly.<br>\n<br>\n\n<strong>Pokud chcete p\u0159ej\u00edt od teorie k praxi:<\/strong><br>\n1. Pomozte sd\u00edlet tento \u010dl\u00e1nek, aby pravdu vid\u011blo v\u00edce obchodn\u00edk\u016f.<br>\n2. P\u0159e\u010dt\u011bte si dal\u0161\u00ed \u010dl\u00e1nky t\u00fdkaj\u00edc\u00ed se <a href=\"https:\/\/mister.forex\/cs\/category\/learn-forex\/\" target=\"_blank\">v\u00fduky Forexu<\/a>.\n<\/span><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Pro\u010d je vysoce rizikov\u00e1 obchodn\u00ed strategie Martingale st\u00e1le tak popul\u00e1rn\u00ed? Tento \u010dl\u00e1nek nab\u00edz\u00ed detailn\u00ed obchodn\u00ed anal\u00fdzu z\u00e1jmov\u00fdch struktur drobn\u00fdch obchodn\u00edk\u016f, IB agent\u016f a broker\u016f, odhaluje pravdu o modelech A-Book a B-Book a ukazuje, kdo je kone\u010dn\u00fdm v\u00edt\u011bzem t\u00e9to finan\u010dn\u00ed hry.<\/p>","protected":false},"author":1,"featured_media":57714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88,83],"tags":[128],"class_list":["post-57711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-strategy","category-learn-forex","tag-no-google"],"_links":{"self":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/posts\/57711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/comments?post=57711"}],"version-history":[{"count":0,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/posts\/57711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/media\/57714"}],"wp:attachment":[{"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/media?parent=57711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/categories?post=57711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mister.forex\/cs\/wp-json\/wp\/v2\/tags?post=57711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}