Why do martingale system hated by all trader??

[sumarjan]

It make me curious about martingale system, I think that it is good because all of our order can be covered and minimize our loses.
But, all trader do not like it so much. Why??

[shade]

It make me curious about martingale system, I think that it is good because all of our order can be covered and minimize our loses.
But, all trader do not like it so much. Why??

because it's not a trading system in the first place, this system much more refer to gambling than trading. with lot increasement each losing trade hit, it means bears a high risk for your account equity. you may find many profitable marty system but none of them last for long.

[angga]

I don't think so, martingale is belongs to trading system and its good enough. I like this system, but it has weaknesses. it needs huge balance to improving our account life,,,

[HoneyLilly]

no one wants to pay more than he expected and wanted to pay. easy as pie

[vincom]

because all of our order can be covered and minimize our loses.

Are you sure? If you faced a bad day your account could be blown in a day.

[blueberry]

Martingale is good in short term but it is not a recommended option to use in long term as it will definitely wipe out everything.

[Salman Kashfy]

I am sure, but this is entirely to do with people joining up wrong companies and facing issues. If we work with reliable broker then every style is allowed to use freely and Martingale is amongst the BEST way to make good money, rather consistently.

[babushkafx]

It make me curious about martingale system, I think that it is good because all of our order can be covered and minimize our loses.
But, all trader do not like it so much. Why??

Because it is unsustainable in the long-run. It was my starting strategy with Hotforex, I managed to make some money with but eventually went bust. Later switched to S/R levels system.