Hopefully he can moderation in that, else it might backfire him in the later stage.I am not but one of my friends is addicted to trading like anything. Infact even if he is eating, sleeping, walking, trading is on his mind 24/7.
Hopefully he can moderation in that, else it might backfire him in the later stage.I am not but one of my friends is addicted to trading like anything. Infact even if he is eating, sleeping, walking, trading is on his mind 24/7.
Then it is possible that he turned into gambler because trading needs patience and when you obsessed with trading you're likely impatient in your decisions.I am not but one of my friends is addicted to trading like anything. Infact even if he is eating, sleeping, walking, trading is on his mind 24/7.
I agree with you, it is good to trade in forex but making it an addiction would really put you at risk.Then it is possible that he turned into gambler because trading needs patience and when you obsessed with trading you're likely impatient in your decisions.
Analyzing the markets is not an addiction buddy. You are safe.I wouldn't say that I am addicted to trading.
I mean that surely I got used to analysing the markets and opening my trading platform in order to see how the open deals are doing, but I can avoid doing it. More than that, I am not always in the mood for it. Sometimes I make pauses when I just don't feel like trading and that's it. Can it be called an addiction? I doubt that.
This is why, new traders need to start their trading career as a part time job in demo! There is no easy way of money making in Forex! So, which traders are trying to make easy money here with their low trading skill, they will face such a big loss in their real trading! By the way, spending time in Forex is not a bad idea!I have met a few traders who appeared to be addicted to trading and even though they were not professional traders they tended to make their daily decisions based on their trading and often cancelled or rescheduled planed events during the week due to trading.
I think they did that because they were not profitable and believed that they need to be glued to their screens in order to finally turn around and generate profits on a few trades. They seemed addicted to it which influenced their lives in a negative way. You always read about the positives in trading, but very few mention the negative impacts a lot of people suffer (besides losing your capital).
Any thoughts?