Forex may be an addiction at the beginning. Some traders take unnecessary risks, due to market volatility in the hope of making good trades. They become addicted and impatient.
For those who know how to make informed decisions, forex trading can be both exciting and lucrative. We learn so many things from the forex market as trends keep on changing and we get to face so many challenges. This is a great opportunity to get returns from those who know how to use their skills. It might be addictive for people who do not know when to stop.
For traders who lack emotional control, forex might become an addiction. Excess of everything is bad, thus traders should control their emotions.
Forex trading can become addiction in no time if kept unchecked. It is important for traders to keep their trade numbers under check before addiction lowers the quality of the trades.
Forex can become an addiction for some people who are unable to control their emotions such as greed and overtrading.
This happens because traders blindly chase profits, without even realising why they are losing. As a result, they fail to correct their mistakes and end up losing more. This series of losses and neglect make them addicted to trading.
Of course, it can. I have seen traders who keep on making the same mistakes and still trade. They don’t focus on skills, rather only on making money. Hence, many even blow multiple trading accounts.
Trading aimlessly, even after suffering losses, could lead to addiction. This attitude is the reason why many traders go broke.Trading aimlessly, even after suffering losses, could lead to addiction. This attitude is the reason why many traders go broke.