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?
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'm not addicted, but I don't want to quit things that I enjoy