Is Forex an Addiction ?

There is no denying that there is an aspect of gambling while trading forex as we are ultimately trying to predict the future. It can be an addiction if you don't know how to control yourself and can easily lead to huge losses.

That why knowing how to handle your trading losses is vital, taking a break and don't try to revenge trade will help you from making bigger mistakes during your losing streak.
 
It has a potential to become an addiction, if you do not keep any pace in your trading, keeping in mind of your psychology and strategy used.
 
Coner1980 said:
Anything we do with great passion can become our addition. There is a very high possibility of getting addicted to Forex trading, especially if you started earning well from the very beginning. It may be just a lucky coincidence, but I think after this, a person will be unable to stop and will try it over and over again.
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I agree, and the worst part is that we don’t even realise that we are addicted. So, it is very important that we keep a check on ourselves.
 
Maybe forex is an addiction because many traders when know forex, are still curious about how to make money from trading, today maybe fail or margin call account, but a few weeks ahead, still curious and try again. Because in forex, there are many stories, good and bad, but take a good story to motivated.

 
FahadMd said:
any kind of trading strategy can be useless if there is no money management. so we should focus on there.
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Yes, money management is very necessary and only can become a good trader if you have plan and strategy and trade according to these factors.
 
Trading so as to make some extra bucks or compensate for the money you’ve lost is definitely hazardous. But for someone who goes with his plan, forex can never be addictive.
 
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