Can you get addicted to trading?

It’s common among traders to separate the activity of trading with such things as online gambling. Many people see trading as “work”, even though they only have it as a hobby. But is there any chance of getting “hooked” on binary trading? The short answer is: yes. But just like in any other activity we can get addicted to it in one way or another, just as you see people getting addicted to computer games or other things. But there are good forms of addictions as well as bad forms.

The bad form of addiction would be the typical “hooked-on-gambling” type of addiction. These people don’t get addicted to trading itself, but rather in to putting their money on the line and getting a rush out of it. These traders rarely make any money, and I believe it’s because their inner addict doesn’t give a damn if they win money or not. All it craves is the adrenaline rush of putting serious money to chance, and the outcome is not even that relevant. I have read several articles of gambling addicts that have won millions of dollars on a jackpot, but ending up even more broke than they were before just because they couldn’t stop betting on things, and this doesn’t surprise me. If you are a Spanish trader looking for more information about gambling addiction, visit opcionesbinarias.pm!

The good kind of addiction however, is when people get determined that they want to be the best traders. These people read every guide they can find, and they learn every strategy (you can find loads of different strategy guides on this site!), and to them it’s not the adrenaline rushes that they crave. Instead, they accept that binary trading can take time to learn, and they believe that if they work hard, the payoff will come in the end. These are usually the type of traders that end up being able to quit their day jobs when their trading profits start to exceed the amount of their monthly salaries.

Of course, there are only a few of us that have addictive personalities, so most likely you don’t have to worry. As I stated earlier, trading addiction doesn’t necessarily have to be a bad thing. But if you see yourself fitting into the personality that just “seeks the rush”, you should probably consider finding another hobby, preferably one that doesn’t involve money!

Don’t sabotage yourself!

It’s actually more common for people to have self-harming tendencies than you think, although I don’t mean it in an extreme way, such as indulging in drug abuse or physically hurting yourself. However, a lot of people do it in much more subtle ways. Examples of this could be such things as having a piece of cake even though you know you’re on a diet, or staying out really late with your friends even though you know that you have to work early the next days. Sure, if these things happen on instance every now and then, it’s not too bad and it won’t really affect your life. However, if you let these things become habits it will hurt you and negatively affect your life. If you keep eating more and more cake you will get fatter, and if you keep staying out late every night it’s going to affect your work performance.

So what does this have to do with forex trading, you might ask. Well, the fact of the matter is that these sorts of activities commonly occur among traders s well. Examples of this would be when a trader knows that he should follow his system rigorously, but lets it slip this one time because his friend tipped him off on a trade that was in fact a bit risky. Just like above, if this happens one time it’s no biggie, but if you let it become a habit it will quickly make you lose money. Another example would be to skip reading the reports in order to make a good and stable analysis, because you felt lazy. You can find some really good reports on a spanish website i found called Cambio Divisas!

All in all, it just comes down to discipline in the end. It’s easier to fall in to bad habits than it is to fall in to good habits, so we always need to observe and determine what the best choices for us are. It’s easier and more comfortable not to read the monthly and daily reports, but it will also make you less likely to profit from your investments. The human mind is wired to put in as little energy possible for the highest possible reward, but in reality this is not going to work. You have to resist your laziness and go out and get the job done, because when you think of it. How many of the rich people you know in the world allow themselves to be lazy? To learn more about forex trading, try visiting forextrading.pm!