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).
Yes i am addicted to trading very much. I cured this problem of mine by opening 2 accounts. One for my regular long term trading and other one is for addictive short term trading.
Well i think they are. professionals treat this in an organized and scheduled way, it is their job and lively hood. So canceling plans and rescheduling due to trading is probably not going to happen they allocate their time in an organized fashion usually trading at the same times every day. so they wouldn’t make plans during work time anyway. being glued to the screen during trading time or research time is fine but if its impacting your life balance then something is screwy. So IMHO these people are basically gambling addicts looking for action looking for the rush of wins and losses. its more entertainment than actual trading for consistency and profits.
Professional traders do have a plan and I agree they usually trade at the same time every day, but that is their job and forex as a career is a job like ever other job when it comes to commitment. As you metioned they would not make plans during their working hours. My question was more directed at the non-professionals who are addicted. I think we can agree on that :).
I also heard that people are addicted to forex trading they invest again and again and loose money . They think it a game as gambling where they will recover their allloss one day … They do trading as they are playing. I am not an addict to forex. it is a part time job for me.
Nah, I’m not addicted to it. I can definitely see how someone can be though. A person can get addicted to the “rush” in the same way they can with gambling and subsequently let their involvement in forex become extremely negative.