13/01/2012

Are traders addicts?

I still remember very well those sunny afternoons with plenty of free time, no tasks... and the awful need to stay at home and stare at the pc sreen for hours, watching the course go up or down - but always in the direction I did not want it to go... 
The more you lose, the hopeless your situation is the more you are comitted to the forex market and the computer screen. You can't move, can't let go, you start to get angry, open new positions in defiance to the injustice that is happening to you now. 
Forex trading can ruin your life. It can't affect your mind, your habits and of course you financial situation in a very negative way. It happens, that after trading daily for a while, you are not able to concentrate on anything else. You feel the need to go and check on stock prices every fifteen minutes... can't read a book or listen people carefully - you are always distracted. And you stop appreciating things you used to like before, forget about your hobbies etc. 
The potencial of addiction in forex trading is enormous. But it all can go well. If you want it to go well, you need strict rules, somebody who looks over your shoulder, a solid social life, things in life you like to do and never would give up and no pressure - forex trading should never ever be a question of life and death! 
But that is not all: First of all everyone who steps into that business should have clear and humble expectations and should be able to say "no" and "it is enough!" Can you do that? 
And can you judge yourself fair? Can you be honest to you? Do you see signs of addiction when they occur?


A Self-Assessment for Trading Addiction

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