In order not to step on the rake, you should see them. Trading psychology is a confirmation of that. So I want to tell you today what can lead to such a dependency.
- Gambling in trading. It’s no secret there’s a type of person who needs that feeling. But one thing is gambling. It’s another thing to trade in the market. The excitement of trading will lead to the fact that the trader will strive to open more and more deals and increase their volume. So he’ll try to satisfy his desire to get as much emotion as possible. And the result will be a guaranteed drain of the deposit. If you notice that you have a gambling problem in your trade, take strict measures to get rid of it.
- The desire to always be in the market. Even if you observe the market a little bit, it will become clear that it has very different activity. There are periods of strong trendy movement, and there are times when the price is in the flat. It is important for a trader to develop the ability to wait. And not just wait, but do it quietly. An irresistible desire to constantly open trades, even if the market situation is very uncertain, is a sign of dependence.
- Lack of a clear trading strategy. This leads to the fact that the trader makes ill-considered trading decisions. Open trades are closed at a loss. The desire to recover lost funds as quickly as possible causes another rash decision with the same result. A trader starts opening one trade after another until he loses his deposit.
- Excessive passion for trade. Increased interest in the market as a source of income, sometimes provokes excessive activity of the trader in the market. The desire to quickly understand the trade and start earning money becomes an obsession. And the trader starts opening a lot of deals every day. Over time, this becomes an uncontrollable need. As a result, the dependence and loss of funds.
Trading psychology can help you with your addiction problem. It is necessary to evaluate possible risks in case of wrong approach to trading and take appropriate measures.