Feb 1, 2013 What makes some City traders develop a pathological gambling addiction? The secret lives of gambler-traders. Forex Psychology - Trading Can Be Addictive - Forex trading can become an addictive activity. Whereas an addiction to alcohol and other drugs are substance addictions, an addiction to trading is a March Special: Get 45% Off Nial Fuller's Forex Trading Course & Daily Trade Ideas Newsletter (Ends March 29th) Click Here During these times, trading can have the potential to turn into an addiction, eventually damaging both the mind and soul. To illustrate, let me tell you the story of a day trader who ended up wiping out his entire account for the third time in a row. Despite this, he insists on pursuing forex trading as he opens yet another live account. An addiction to Forex trading can be ugly. By adapting some of the 12 steps from Alcoholics Anonymous, traders can avoid addiction and experience success. Below are a few of the steps that are most relevant to trading: Step 1: Admit that you are powerless over the markets (alcohol). Addiction to Forex trading has all the symptoms of alcohol or drug addiction. It is deceivingly easy. It is accessible. It does not require large amount of capital. It can be done anywhere on a smart phone. It gives immediate feedback. Alacoholic anonymous: welcome to addictive personnalities.
Apr 28, 2019 Forex Trading Addiction And The Problems It Brings. Trading has for long been associated with gambling and other more addictive pursuits. Jul 27, 2011 Being a Forex trading addict is one of the fastest ways to lose your money. Just like an alcoholic or any other drug addict must keep taking more Are you addicted to Forex scalping, day or swing trading? There is still hope for you today. Know the ultimate factors that lead to an acute Forex trading addiction
As all experienced forex traders will tell you, maintaining discipline when trading is one of the keys to success. However, one of the biggest problems with this is that some people become addicted to trading. Just like being an alcoholic or a gambler who is out of control, trading can become something that some traders just cannot do without. What is a gambling addiction According to Mayo clinic, the compulsive gambling, also called gambling disorder, is the uncontrollable urge to keep gambling despite the toll it takes on your life. Gambling means that you're willing to risk something you value in the hope of getting something of even greater value. I define forex addiction as similar to those of a gamblers addiction. Forex addiction is when you get involved in forex trading, you’ve made money, tasted a little bit of success in it, then lose money in it and then you keep coming back with the hope and dreams of making it big and being successful.
When you start overtrading forex, it leads to trading addiction and it can be hard to get out of the trading addiction. 6. Not adapting market conditions. As we know, Managing Addiction And Dependence. Author: Jessica Green Financial Analyst. Jessica Green. Updated Dec, 2019 40 Views Today. Forex trading is prevalent
An addiction to Forex trading can be ugly. By adapting some of the 12 steps from Alcoholics Anonymous, traders can avoid addiction and experience success. Below are a few of the steps that are most relevant to trading: Step 1: Admit that you are powerless over the markets (alcohol).