How to overcome an addiction to forex trading - Quora

Ways to Overcome Addiction in Forex Trading

Ways to Overcome Addiction in Forex Trading submitted by allaboutforexworld to u/allaboutforexworld [link] [comments]

Weird addiction to forex feedback and positive trades prints 💀

I have a weird sensation of pleasure and enjoyment when i see prints of positive trades and feedback 💀💀😂😂
Can you post prints of that? 😂😂
submitted by Martinseoq to Forex [link] [comments]

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submitted by ViralMedia007 to FREECoursesEveryday [link] [comments]

Dad addicted to trading

Hi I have posted under forex thread few days ago in regards to dad who quit job about 4 years ago to do forex trading. Problem is he hasn't made any money in ALL that time and still has 100k to pay on mortgage
He is very defensive on this and it's a stress for mum who is feeling the financial pressure. She only has about 5 years left to retirement herself and doesn't earn much although works full time and I worry that they won't be Able to manage.
I don't understand forex too much but I kind of look at it similar to gamblers although I know some skill is involved he has spent over 10years studying it privately but has still not made any money from it
What help is out there for someone in this situation, could it be treated as a gambling addiction?
Any help would be appreciated
submitted by dude-breen to LifeAdvice [link] [comments]

ADVICE

So I'm 19 y/o and have been trading forex for 7 months, still grinding away ,nowhere near being a full time trader yet. I looked into long term investing stocks and recently bought 11.365 shares in Tesla @ 410, 58 shares of Palantir @ 9.99 and 28 shares of NIO @ 27.42. I've been watching my account grow, and seeing how my money is working for me is becoming very addictive. I'm obsessed actually.
I was wondering as to how I can make a living off of this. Yes I will most certainly do much research on this topic but was wondering if anyone in here could help me or guide me in the right direction. My plan is to have a 5000$ account , study stocks on the weekend, any stocks that have recently had good news or if I see them sitting at a known area of resistance/support I will buy/sell the stock and hold it for the week. Then close whatever profit I make on the Friday and withdraw it, leaving the 5000$ in the account of course.
I practiced this on a demo account last week with 3 stocks I researched and liked the look of . NIO, PLTR and LMND. I pretended to buy 2361$ (2000€) worth of NIO and Palantir and 1,179$ worth of LMND since that was the one i was less confident with. 5900$ dollars invested and if I had've closed today I would've made upwards of 1700$ this week.
Was this just a lucky week? Or is this something that I can actually do.
Any advice/guidance would be hugely appreciated.
Thanks
submitted by Summervbz to stocks [link] [comments]

HELP my husband is changing drastically

My husband is changing, and not in a good way. I met him when i was an addict, he was in the military, straight edge, never done drugs before and helped me to pull myself out of the hole of addiction. He has always had a level head and focused on financial stability. Four years later he is deciding to get out of the military, live on disability and unemployment, go to school (just to get a check refunded from the GI bill) UNTIL he can master forex trading. Which to me, is essentially gambling. He has now just bought shroom spores to grow magic mushrooms at home. Having never done drugs i figured he was just curious and i personally loved LSD and thought it could be good for anyone. I only did it once. So i didn’t think much of it. Until today he decided to tell me he’s going to start microdosing everyday to “unlock parts of his brain” so he can be a millionaire. He still has not even tried the drug. Although i believe there may be potential medicinal properties for this drug, i am worried because he has never acted in this way, i am worried i should bring mental health into this as I’m Bipolar and it seems like he’s having a manic episode with grandeur traits. I told him “So what you’re telling me is, you want to live of disability and government assistance, take drugs to unlock parts of your brain so you can be a day trading millionaire? Listen to how that sounds, it sounds crazy” and his response was “all millionaires sounded crazy” although i want to support his dream, i can’t help but he a little concerned. I know for me when i started drugs it went right down the hole to intense drugs and almost couldn’t get out. Should I bring up mental health? Should i not even do anything? I want to protect him from a world that I’ve lived, even though he’s a grown man, i feel like i am either letting him live his dream or condemning him to a life of poverty and drug addiction.
submitted by icantpostthisontwitt to mentalhealth [link] [comments]

Gambling has fucked my life up

I am 20 years old and have lost all of my savings on gambling through sportsbooks, and stupidly gambling on the forex market. I know some wont consider forex market gambling but the way i trade it sure as hell is gambling.
It always starts by me making a decent amount of profit the first couple days and then there comes one day where i will take a couple losses. i then begin to chase my losses which always ends up in me blowing my account. Then i convince myself that if i just put in more money i will make my losses back and it will all be fine. a couple days later and my account is blown once again. its a cycle that never stops.
So far i have lost about $7,000 which is alot of money for where i am in life. i have no job or no car and im constantly depressed since i am consistently losing my money.
It is so humiliating to see people around me thriving in life while im home losing my last dollar to a stupid addiction. I have to lie to my family and girlfriend about my financial situation all the time and it genuinely hurts me. Today i lost my last $700 that i had in my account betting on some stupid college football game. I have had enough. i want to get over this before it ruins my life.
submitted by sgjose21 to GamblingAddiction [link] [comments]

FX Trading advice - been trading for. 4 years on and off need some advice

So I’m 22 started trading at 18, was religiously studying it and learning everything, I would go months doing it till I blow an account and then I’d stop and start again, I have such an addictive personality that I’m constantly going back to forex trading, one of my friends told me get back into it cause I was making minimum £150 a week catching quite a few pips, I would be a swing trader as it works best for me
Right now as of today, I want to get back into trading so badly I have a folder at home to help me that I personally made, I have all the mindset books I could possibly need, the thing is I know where I went wrong everytime it’s just I get greedy, any money I lose I can make back no problem,
Can someone give me some advice on how to just stick to it, if I stuck with it for the past 4 years I’m pretty sure I would have had my break, all my 85% of my analysis on trading view from July to Now would have made a huge amount of money, and caught so many fucking pips, im in need of advice on what I should do?
submitted by kasj98 to Forex [link] [comments]

The Last Time I Write Another One of These Cringey Things (I hope...): Part 2892, The Worst Sequel and Wall of Text, ever

Hiya, folks...! It's another wall of text from some random person who could be doing just about anything else except for this... Who's ready for some paragraphs from some stranger?
I know you'd rather be doing anything else, or maybe not haha.. But it does mean a lot if you do take the time to try to attempt to accurately type me... I will DEFINITELY NOT overthink it this time, and take your consideration FULLY to heart, and stop overthinking my MBTI type and live happily ever after! (Hahahahhaha...! ... ...)
...
Ok, let's begin!

I am a freshly 23 year old male that likes to do average Redditor bullcrap. Video games, memes, music, making my finger go up and down endlessly while staring at a glass LED screen with pixels on it while feeling like I've accomplished nothing. Just average stuff, I suppose. I'm not really that interesting tbh...
I work at home and I am just "vibing", as the kids say. I have some long term projects planned, but I'm at least trying to rest up from a really shitty 7 years that I've had back to back to back so... Nothing really insightful to write here haha..
Likely several... I had a very traumatic childhood that I constantly gaslight myself about like saying things like "it wasn't that bad, people have it worse" and much worse..
I disassociate from reality every 2.5 seconds, can't focus, have terrible insomnia, EXTREMELY low energy, mood swings, brain fog, random body pains 24/7, seventeen billion repressed emotions which don't help out anything else that I'm dealing with, memory problems, and I need caffeine to do the bare minimum of just about anything on most days, but some of that could be average American problems.
I've suspected I have some form as Aspergers, and probably A TON of mental illnesses, such as OCD, anxiety, depression, and maybe a personality disorder.
My upbringing is a very mixed bag overall. I would not say I had a typically "tragic" childhood (there goes me gaslighting myself LOL) because people have DEFINITELY had it worse than me. But I can't sit here and pretend everything I went through was "normal". To attempt to sum it up, I basically was a "gifted" kid who got good grades throughout school and maintained my image of being this perfect kid, but meanwhile in the shadows, I was just slowly dying inside and suffering from a lot of imposter syndrome (amongst other things), which I'd definitely would say is warranted because I was NOT cut out for anything in school and it showed. I basically faked my way through school, got burnt out EARLY but got mega burnt out by senior year, and basically started college with no plan but somehow still managed to graduate (barely) and just kinda end up where I am now.
As far as a religious upbringing is concerned, I definitely was heavily influenced by religion, in kind of a negative way (?) Religion and I have a VERY weird relationship. On the one hand, I guess I love my religious friends, the lessons I learned from it, and a lot of what it says, but on the other hand I can not ever be a part of one mostly because of some of the dogmatic thinking and extremely toxic aspects to it that people use to justify hate and violence, and that's not really my type of thing. Also, I used to be really kinda "uppity" or arrogant about my religion, and now I DESPISE seeing the same type of "holier than thou" attitude projected. It kinda irks me on the inside.
Looking back, my response to it all was a major polarity shift from one extreme, to the other, and now where I'm at, I can look back at both sides and take the good from both. What do I mean by that? Welllllll... I mentioned earlier how I can't stand the "holier than thou" type, and for a while, that was DEFINITELY me. I was REALLY into it and took it extremely serious. I wouldn't mind being called "lame" or "whack" for having my faith, but looking back, it really made my quality of life kinda worse because I did have those strong beliefs and those off-putting characteristics that ostracized me from my peers and some potentially great experiences. I grew out of this and then became an EXTREME atheist, and for a while, it felt freeing. I felt better, smarter, edgier, and just superior, but looking back, I was just cynical and a total asshole, and arguably worse than the "holier than thou douche persona" that I had growing up. Luckily, my extreme atheism phase kinda fizzled out after some other trauma that happened around the time I became an atheist, and now, I can respect religion and be open to it, the ideas, and the amazing things that come from it while also maintaining my independent thinking but not to the point of being "hur dur be skeptical and point out everything wrong with religion all the time and be an asshole for no reason to religious people", if that makes any sense.
As far as my relationship to the structure in my life.. It's kind of a mixed bag. I had a pretty suffocated childhood, and I wasn't allowed certain things, but I guess it wasn't really all that bad in the end, or at least as it could've been. Most of this was just protection from a single parent who just didn't want anything to me and wanted me to be the best I could be in life, and I can respect this and look back on some parts of my structured childhood with fondness. But I most certainly got sick of it all by the time I was almost finished with highschool and in a lot of my college career. I basically used to be Mr. Structured. I had everything organized, I was neat, clean, got everything done at the right time, all the good stuff. But my brain just got tired of maintaining that forever, because I was already pretty much bad at life, but I was forced to just continue faking everything until something happened. So, by the end of high school, I lost all of those characteristics and became extremely sloppy. But I really do blame that on being physically tired. Being as organized as I was was TAXING because of how I overdid it. And now, thinking back, a lot of my structuredness was just on the surface level, and it was me trying to live up to everyone's standards and be just on top of everything, all the time, at a VERY unhealthy level, and that's probably what burnt me out too. I was addicted to the image of being this extremely put together person who has their shit together, while not having absolutely any shit to get together because I was withering away inside faster than fresh cotton candy from the fair melts in your mouth when your mouth is dry.
So, basically to sum it all up, I was a really clean cut religious smart "gifted" kid who wasn't really that, at all (AND I still don't know who I am now tbh haha) and I got tired of putting on that image all the time and turned to a dirty neckbeard atheist cynic for a short time, and then balanced out to whatever the fuck I am now because I wear 238234 different masks for each and every occasion, but THAT'S a different story haha.. I look back at both equally cringey and horrible chapters of my life with some scorn for myself and the times, but overall a much more understand a balanced perspective, because I had to go through it all to be me, and I'm just glad I can be here now. I'd say I definitely liked moments from those chapters, but overall, I'm much happier where I'm at now, which is not nearly as anally obsessive at the concept of being structured and not nearly as hyper-faithful to my religion or just a total asshole piece of shit atheist.
Right now, I'm sorta half employed. I do trade a bit on the Forex markets from signals groups and make enough to help out my family, and buy myself things here and there. I'm only really doing this because I went through a really shitty 7 years and I just need time to myself to kind of figure out, A LOT (clearly, as you can see by reading this HORRIBLE reddit post LOL) and rest. I just like the amount of freedom I have, and the money. I really like the idea of me having money saved and ready for any emergency, or family member or friend. I just need money to help out, stay safe, and to have time for myself to rest and take care of my health, or just pursue all the hobbies I missed out on, and I'm totally fine doing this the rest of my life. I don't really need or want that much in life, and I've always kind of been like this. I just want things to be peaceful and simple, so that my mind can be at ease and to just have free time for myself and a solution for any random chaotic emergency that happens because my mind always thinks of the worst that can happen by catastrophizing literally everything ever in the world. So my "career" is just a means to an end, like I'm sure a lot of people's careers are, unless you happen to have a passion or something, which is also amazing.
I do like writing, and I do wanna finish my book. I daydream a lot about it, and sometimes that's much more fun than actually writing it, but I do wanna finish it, but I also want it to be absolutely perfect and plothole free, and much more. I also wanna do YouTube and Twitch, but I feel like I have a lot to do as a person before I can freely be on those sites as a full person/"influencer" (I have so many mixed feelings about having a full time career as an influencer and having my life under that much pressure and scrutiny, BUTTTTT that's a different discussion...), so I might pursue those slowly or just freestyle it for fun. Those were my big dreams as a kid, but growing up, I see that writing a good book is damned hard (worth it, but hard) and being a Youtubesocial media star is a different world entirely, and I don't know how I feel about it. Like, I know I'd never be a Shane Dawson (YIKES) or Cryaotic (EWWWWW) but to even just disappoint one person, or have any sort of fuckup, or.. I don't know where I'm going with this... Basically, everything I suffer from now would only be amplified by having a YouTube career, my people pleasing tendencies, my over obsession with being perfect for others/myself, my workaholic tendencies, my being hard on myself, my fear of fucking anything up, and my imposter syndrome, those would all go BRRRRRR if I got any decent success on YouTube, so... *Phew*
That's my weird relationship with my life, and where I wanna go with it. To be honest, I'd be happy where I'm at right now, because at the end of the day, as long as I'm healthy and my family is happy, I'm ok, but a part of me also wants to live out those big dreams like having my book be a thing and animated, and being a good YouTuber, meme maker, Twitch streamer, all the above at the same time but my insecurities are like "BWAHAHAHAHA", so I'm just like: -_- But I'll figure it out! Hopefully..
Hm... Interesting question. Honestly, I'd never feel lonely on weekends by myself. Even when my friends are doing better things or aren't around, I don't really feel lonely I guess. Most of the time I have weekends alone, I feel pretty refreshed I suppose. It's kinda hard to tell haha.. This feels more like a circumstantial question where a myriad of things that are going on during the hypothetical week or just in my life/mind would determine this answer. Sometimes I just need that weekend to recharge and be alone and in my thoughts, or watching Netflix or being an absolute video game degenerate while dancing alone in my room and eating junk food. And sometimes, I like to be out and about with my friends, or just doing stuff. I probably lean more towards refreshed though, overall in a general sense.
BIG YIKES. I feel like a non human that doesn't belong on this planet or universe 99% of the time. I'm VERY slow, awkward movements, jittery, sometimes it looks like I was born yesterday with my grasp on physical reality, but yet, I do interestingly enough find myself loving to sweat and workout. I don't really have the coordination for any type of real sport, but I do like walks and I would run if I lived in an area where I could have a private or peaceful run where I would not be interrupted or seen by anyone because I look HIDEOUS running. I won't say I could never get into running at a professional or serious level, like with a group, but I'd just say it's more unlikely, for now. It sounds really exciting and interesting to be good at something physical, and I have always admired people who could do really sick stuff in sports, and I've always wanted to do it. But, right now, my uncoordinated ass will stick to just riding my exercise bike occasionally to burn off some restlessness and help me sleep betteperform better because working out makes my brain feel oddly stable lol. (I guess that's why I have such a fascination with physical stuff even though I am absolutely hopeless in most of it in the grand scheme of things)
I don't know if I'd say I'm curious, I guess I just think a lot. Like, I'll see something or watch something and daydream about it all the time, making new ideas out of it in my head or creating something new with it, trying to take it a new level or understand it at a different level, if that makes sense. Like, I'll sort of mentally digest something and that's what gives me inspiration, or ideas. I take in everything as I go and make up new shit with it later on (LOL this sounds like regular human being talk, because everyone does this).
I would say I have a lot of ideas on everything. I daydream about random chapters in my book a lot, like full on scenes. I'll daydream about a new melody for a song I've never heard with lyrics, and I'll try to make lyrics in my head and extend the melody. I'll daydream about my interactions in life, and just how I could have responded differently, or maybe what the other person is thinking, or feeling, or stuff like I wonder if they're okay. I'll daydream about new memes I can make, or me in an interview (OMG MEGA CRINGE ROFL). I pretty much daydream about... Everything. And then I'll daydream about what I'm daydreaming about, and why I'm doing it, and it gets too meta at that point. (this could very well just be maladaptive daydreaming and NOT indicative of any cognitive function ROFL)
Nope, nuh uh. I am too much of a people pleaser and pushover. I'd be dead or betrayed before my first week is over. The thing about me is that generally, I feel like I'd be a terrible leader because I can overthink a lot, all the time, and I'd be slow to action and prone to analysis paralysis and extreme people pleasing tendencies. I can also be conflict avoidant, and just want people to be happy, so I'd let a lot of stuff slide that I maybe should not. Now, don't get me wrong, I can be firm and tough when needed, but eventually that'd be too much for me to bear, and I couldn't be in a position like that for long. I genuinely hope I never become a leader, because even when I'm looking back to five minutes ago, I can say that "ew, that's cringe bro", so I clearly have a lot of work to do before I have something that serious on my plate.
HAHAHHAHAHHAHAHAHA. Funny question. But.. Yeahhhhhhh... No. I am NOT coordinated. I can barely walk in my kitchen without the fear of me accidentally turning wrong or moving incorrectly and just breaking something or knocking over everything in the kitchen. SOMETIMES I'm in James Bond mode, and it feels like I can do anything physical, and I feel aware of everything, my body, my surroundings, and I can actually move like a human being, but that usually doesn't last long. I can do just the bare minimum that an average human can do, but MUCH MUCH worse and at a greater cost of my energy, and my mental energy trying not to fuck anything up because I have literally just been sitting at times and barely move and knock over EVERYTHING somehow, because that's just how much my body was not meant to be on planet earth and I maybe should have been incarnated as a slug, idk.
I'd describe myself as artistic, even if I haven't drawn in years LOL. But let me explain... I do still have a love for it, I just haven't really been able to practice. In general, my art is just aiming for whatever is in my brain, and I don't have a solid style. I'm just going for whatever I'm going for in the moment. I prefer a mix of realism with some "quirks", if that makes sense. While I haven't drawn in a while, this is how I'd imagine I'd want my art to look nowadays. Pretty realistic with perfect everything, perfect features, perfect environment or whatever I'm illustrating or going for (perfect features on a person, all the hair strands drawn individually, etc), with a mix of my own little "spice", if that makes sense. Back in the day, my art was just trying to copy classic anime, and while I have no problem with that style, I just wanna kinda make my own style, even if that is hard to verbalize lmao.
Alright guys.. I would write more, but I'm sleepy and some of this is getting dumb/boring (as if it wasn't already LOL). I'm glad you made it this far, and thank you for reading and putting up with this actual garbage fire of a post. Please take care of yourselves during these crazy weird times, and I hope you are doing well. I look forward to reading you guys responses (if I get any LOL).
Stay amazing, and stay healthy :3
submitted by big_throwaway___ to MbtiTypeMe [link] [comments]

Does Man Really Findeth A Wife?

Stats: 5’7, 156 lbs, 14-15% body fat and was lifting 2-4 days a week at the gym
Sidebar: Read RPC
Finances: Making more money I’ve made working being currently unemployed ironically...I was working for a company that the government shut down lol. Living at home and trading forex until I can do that full-time.
Spiritual: about 3 weeks in of seriously dedicating my life to reading the Bible daily, watching a sermon daily, praying and meditating daily, and fully believing that God will provide.
—————————————
With that out of the way, I’ve probably been red pill for about 2 years now. Dating apps suck (especially Christian Mingle LOL) and it almost seems impossible to meet a girl that actually believes in God, practices, and has goals for herself and her faith anywhere besides church. I have 92 matches on Tinder but I might as well have no matches at that point honestly.
When most girls I’ve even given time of day are really REALLY into me, they get turned off at the thought of me waiting to have sex, and I truly think it’s because most of them can only offer sex or are used to a man only wanting sex and not THEM as a human being.
Ideally, I just want a future wife that doesn’t take life too serious. Doesn’t enjoy being lazy, doesn’t enjoy sitting around all day and just eating junk, and that doesn’t have addiction to social media.
One that’s health conscious, has passions and goals, wants to leave behind a legacy for her children (monetarily, mentally and spiritually) and that just wants the simple things in life!
I’m newly 24 years old, I’m at the point in my life now where I’m about to just work nonstop until I’m a full-time entrepreneur, and just sacrifice everything else to God until we get there together, which I know we will!
My question is, in this situation, should I even be trying to find a woman of God to build an empire with? Or should I just pray about it and move on?
So many RP Coaches are pretty much MGTOW, and most traditional people just tell me “you’ll find love when you’re not looking for it” all that jazz. I just don’t want to generalize EVERY woman like most on YouTube do, and hardly any of them ever talk about religion anyway!
Thank you all for your advice!
submitted by alexdoesmusic to RPChristians [link] [comments]

Different Categories of Magic Spells #lovespells

Several clients ask me what the different categories of magic spells there are. There are several but I have narrowed down to the most frequently asked about, although this lengthy article is not all of them. Basically, there are various types of magic spells that you can choose from. Among these are Angel spells, Black Magic spells, Love Spells, Wealth Magic, Xaos, White Magic Spells, Hermetic Magick and Djinn/Demons/Genie.
You can view all of the lists here:

Magic Spell Categories


  1. Angel spells | Angel Spells List

📷

  1. Djinn/Demons/Genie | Djinn Spell List


  1. Black Magic Spells | Black Magic Spells List
The Black Magic Spells is made up of those spells meant for revenging, stealing a partner from another person or to fix or coercively force someone out of a circumstance. The black magic spells comprise of Andras, Andromalius, Black Magick Love Spell, Banish Spell, Demonic Possession, Break-Up Spell, and Infernal Princes of the Hell Love Spell, Destroy an Adversary, Revenge Spell, Necronomicon Black Magic Spell and Steal a Mate. Notably, Black Magic Spells are spells performed for your own good. For instance, in case you desire someone who also belongs to another person, you will need to use Steal a Mate spell to steal them. Another spell like Destroy an Adversary can be used to remove or destroy an opponent or rival for your own good e.g. for love, business or any other gains.

  1. Hermetic Magick | Hermetic Magick Spells List
Hermetic Magick is an essential spell for bringing precisely the sort of power you desire in your life. The energies may include:

📷

  1. Love spells | Love Spells List
These spells are for anyone (both genders) whose heart is focused on someone.


  1. Wealth Magic| Money Spell List


  1. White Magic Spells | White Magic Spell List
The White Magic Spells entails any spell that is about helping oneself or even people. The spells in this category are:


  1. Xaos Magic | Chaos Magic And Izabael Specialized Spells
This is a list of spells comprising of at least 14 specialty spells or some offers that might be available. The highest rated spells in the category are: Chaos Magick Servitor (demons build from scratch), IZABAEL Invocation, Increased Psychic or Astral Ability level 1 and 2, Custom Money or Wealth Spell, Succubus (for seducing men), Custom Curse Spell etc.
You may need any of these spells if you have a special case requires a customized solution.
Want Izabael To Cast a Spell For You?
Visit My Magick Spell Shop

Magic Spells by Izabael DaJinn

originally posted at: https://izabaeldajinn.com/2019/05/different-categories-of-magic-spells
submitted by swingerlover to occultspells [link] [comments]

Minimizing risk in Forex Trading

https://www.safeinvestingsites.com/minimizing-risk-in-the-forex-trading-useful-software-forex-trendy/
Why did Forex Traders fail? One of the reasons is the lack of risk management! Most people try Forex trading because they heard or read the success story of Forex Trader somewhere. He may be a relative, friend, or experienced trader. They jump into Forex trading and here they get the option of Leverage or margin. Every Forex trading account provider allows you to trade big against less balance in your account.
It is good but only experienced traders can use it for profit. It gives you a bigger chance to earn money but, even bigger risk opens, as you may lose entire money in your account in just one trade!!! It is no joke. It happens to every trader because of shame he doesn’t tell others about his huge loss. There are many reasons to fail in Forex trading like over trading, trading addiction, not adapting to market conditions, trade without a proper plan, and most important unrealistic expectations.
The trader expects a huge profit in a single trade and even if he is in loss, he doesn’t exit the trade by taking a minimum loss. He waits, waits, and waits until the end. The result is obvious. Huge Loss! Here comes the Forex risk management calculator to help you. There are many Forex risk management calculators in the market. You can download it from the Google play store. Using the Forex risk management calculator you get an idea about how to trade safely in the Forex market
submitted by bhagwat68 to investing [link] [comments]

I ruined my career as a music artist. The years are passing by and the amount of regret and guilt are eating me alive.

Hello everyone.
First of all thank you for reading this and giving attention to my story I'm about to share. I want to mention this is a throwaway account because I feel shy talking about this subject. It is something personal to me.
To give you some quick background information about what's going on: - I'm currently 27 years old while my "career" has ended 7 years ago. In all this time in between, I've had the desire to achieve something similar but so far without the success I had imagined.

Here we go...
  1. When I was 12 years old, I had the desire to become an artist (a DJ/Electronic music artist). I had tons of ambition and motivation and had set my goal for life. From that point in my life I kept pursuing it and put in the hard work to achieve it. It was literally the thing that kept me awake at night. I imagined and visualized my dream of standing on a stage in front of 10k people and playing my own music. I visualized one of my idols supporting me and my music. That was the person I looked up to, the guy who sparkled my fire and inspired me to achieve something similar.
  2. Years went by where I got laughed at on every online forum possible. My music sucked, I was too confident about my thing and people basically told me it was pure shit haha. Yet it did not stop me from pursuing my dream. I was the little kid amongst older guys being better at this music production thing. It was fun to be honest. After 3 or 4 years, when I was around 16 my music got noticed by someone bigger than myself. My music started to get noticed by local clubs and "famous" DJ's. They started playing it every single week in clubs and reached out to me. That's where it all began. Somebody I looked up to emailed me and wanted to make a song together. That's what opened many doors for me. Eventually, it led to releasing (and distributing) a real song under my name and having more support and plays as I wished for.
  3. After a few more musical releases, I got approached again. This time by one of the biggest artists within this scene. I had the luck this scene was very local and everything happened in my country. So we met up. I was a shy little kid who took the train to cross the country to meet one of my idols. This was a big day. I felt like the luckiest and happiest kid alive. A dream coming true. My dream of being a star and realizing my goals didn't seem far away.
  4. Things went well from this point. It took some time but eventually near the time I graduated I was ready and settled to make this my business and job. I was happy, around 18 years old. And I was playing shows around the globe and earning a nice amount of money per booking. The fans and "likes" kept coming in and it seemed like I established some sort of fanbase. This was the life I imagined. My goal seemed reached and I was happy.
  5. As I grew older I started to become a bit more pessimistic or perfectionistic.. or both. There are a lot of fake things going on in the music business and I was not the type of artist who likes to play along with that. I felt real. I spoke real (to my fans, on my social media pages, etc), and I acted that way. I want to mention that at this same period of my life, my family was putting some sort of pressure on me that I should find a part-time job for some extra income. Since I didn't play shows every week, I didn't generate a stable income doing music alone. Yet this was the goal, and this was perfectly possible as almost everyone in my crew was making a living from this. I want to mention that "my crew" was my record label / booking agency where I was part of. I kept believing that this was possible but due the pressure and stress my family gave me I think I started to doubt myself at some point. Although I was living my dream and touring the world, my family didn't push or believe it enough so they would suggest me to find a parttime job. I hated that. Every time they brought that up it made me annoyed because I just wanted to focus on my career and because I knew I could pull this off.
  6. My career was still in a good line at that time. It was also the time I was smoking cannabis. I became an addict. It was something I did on a daily basis and I think it had a negative impact on my behavior and work ethic to produce music. It also had an impact on my social media posts and thoughts about the music industry.
  7. Eventually, everything let to the point where I made a social media post which my label and booking agency didn't like, at all. It was so "off-track" for them that they decided to cancel some of my bookings for that upcoming summer. My post was about justice, and I shared some of my thoughts on the "fake" aspect of this music business because it made me extremely annoyed how people could achieve the same things putting in less work than I did (friends, connections, money..). As my label and booking agency supported those fake activities as well, they were kind of pissed that I shared those honest words in front of my fans online.
  8. Since I was a honest person, stubborn, and perfectionistic, I was like "fuck this" and basically never made contact again with them. Eventually this led to my last booking and then my career died. To this day (7 years later), I still get spotify plays from those old songs, and I still get messages every now and then of people asking what happened and why I stopped making this music.
  9. I would like to mention that my interest for that specific genre was fading away near the time I made that post on my social media. Don't get me wrong, obviously, I would've loved to keep doing it as my job. But personally it just wasn't touching me that much anymore as there were other genres that started to appeal to me more.

Here is an important thing I remember telling my dad at the age of 20, after destroying my career and right before starting some labour work which I absolutely hated. "Dad, I'm going to do this job maximum 3 months before I'm off on another musical adventure in another style!".
So far 7 years have passed hopping jobs and not saving a lot of money. It's only been 2 years I finally been able to quit smoking cannabis. I have made tons of songs in all those years, and removed tons of songs completely from my computer because I hate them at some point and I get angry because of everything.
I get a few plays a month on Spotify with my new musical project but it never really took off. I decided to abandon my previous name and start from scratch because I didn't want any connection to my older project. The closest I got to achieving something big was another famous artist reaching out because he liked one of my songs, but eventually it led to nothing (unfortunately).
I have not played a single show as my new project and haven't got close to being successful or making this my job, at all.
As the years are passing by and I'm slowly starting to realize I'm no longer the "golden boy" (aka the little 13 year old kid with big dreams) it starts to eat me and devastate me mentally. It's a big part of my life and the dream is still alive but it feels like the fire or belief that I will get there is slowly fading away.
There have barely been days that I did not make music but no matter how much I produce or whatever genre or style I try, it doesn't seem to take off.
At this point, and for the last year, or 2-3 years, it has become worse.. I highly doubt every step I take and I feel like I cannot make any decision at all for my musical path anymore. I changed my artist name multiple times and even while writing this post I still think the name isn't good enough and I should start another project from scratch. I basically like a lot of genres and I can't seem to make a choice on what I really wanna go after. The musical world has exploded so much with social media and everything right after my career died and there just seems to be too much choice and things going on. I cannot seem to find the right path and I can't find my fire and ambition like I had when I was younger.
Every now and then I still look back at my musical colleagues which I abandoned 7 years ago and see what they are up to, what the music sounds like and how successful they are right now. It makes me feel worse but some part of me likes looking at it and imagined what I could've become. The fact of seeing them so successful right now and still doing their dream job just makes me even more sad realizing its been 7 years and I'm still living at home, hopping jobs and thinking how to take off on another musical path.
Last year I have met the most amazing girlfriend in the world, and in the meantime I found some other hobbies that I'm passionate about such as trading in forex and doing visuals. But I feel like it will never replace music since that's like my main-quest in life.
If I think about it, being able to do shows again and make an income being a music artist would make me the happiest person alive but there's no way I'm going back to my older project and certainly no way I'm going to knock on the door of my label and say 'Whatsup' after 7 years.
Without a doubt, my behavior and stubbornness led to the most stupid choice I ever made in my life.

Thanks for reading along. I might delete this post later because I feel like I shared too much personal stuff and it makes me insecure. Although I want to admit it felt good writing all of this.
Peace.
submitted by Top-Rub8826 to askatherapist [link] [comments]

High correlation between gambling addiction and obsessional cryptotrading, says new study

High correlation between gambling addiction and obsessional cryptotrading, says new study submitted by SaneFive to CryptoCurrency [link] [comments]

Tips From A Lifer

I’ve been reading these posts on an off for quite some time now and it saddened me to see someone had recently posted their “I quit the game” statement. We all walk through fire to stand in the green valley...and the journey has to be made on foot. And alone. And it’s tough.
In response, I wanted to add a list of pointers for people starting out in this insane game and to address what I’ve learned from over a decade of trading Forex. It’s long-ish but it’s based on reality and not a bunch of meaningless retail junk systems and “insider knowledge” by nitwits on YouTube or some 19-year old “whiz kid” who apparently makes ten billion dollars a week with a mystical set-up that’ll only cost you $1,999 to buy!
I became a profitable trader by keeping everything simple. I lost thousands when I started out, but I look back now and realise how easily I could’ve avoided those losses.
Keep Everything Simple.
For the sake of disclosure, I worked for Morgan Stanley for over a decade in fixed income but learned almost everything I know from the forex guys whom I got to know as good friends. They make markets but there’s still a lot to learn from them as a small fry trader. I got into all this as a hobby after annoying the traders with questions, and all these years later it still pays me. There are still occasional nightmare accidents but they’re far rarer to the point where they don’t affect my ROI.
Possibly the most clear statement I could make about Forex trading in the large institutional setting is actually a pretty profound one: Forex traders are not what you think they are: every single forex trader I ever worked with (and who lasted the test of time) had the exact same set of personality traits: 1. NOT ONE of them was a gung-ho high-five loudmouth, 2. Every single one of them analysed their mistakes to the point of obsession, 3. They were bookish and not jocks, 4. They had the humility to admit that many early errors were the result of piss-poor planning. The loudmouths last a year and are gone.
Guys who last 5, 10, 20 years in a major finance house on the trading floor are nothing like the absurd 1980s Hollywood images you see on your tv; they’re the perfect opposite of that stereotype. The absolute best I ever met was a studious Irish-Catholic guy from Boston who was conscientious, helpful, calm, and utterly committed to one thing: learning from every single error of judgement. To quote him: “Losing teaches you far more than winning”.
Enough of that. These points are deliberately broad. Here goes:
  1. Know The Pairs. It amazes me to see countless small account traders speak as though “systems” work across all pairs. They don’t. Trading GBP/CHF is an entirely different beast to trading CHF/JPY. If you don’t know the innate properties of the CHF market or the JPY or the interplay between the AUD and NZD etc then leave them alone until you do. —There’s no rush— Don’t trade pairs until you are clear on what drives ‘commodity currencies’, or what goes on behind currencies which are easily manipulated, or currencies which simply tend to range for months on end instead of having clear trends. Every pair has its own benefits and drawbacks. Google “Tips on trading the JPY” etc etc etc and get to know the personality of these currencies. They’re just products like any other....Would you buy a Honda without knowing a single thing about the brand or its engine or its durability? So why trade a currency you know nothing about?
  2. Indicators are only telling you what you should be able to see in front of you: PRICE AND MARKET STRUCTURE. Take everything off your charts and simply ask one question: What do I see happening right here and right now? What time frame do I see it on? If you can’t spot a simple consolidation, an uptrend, or a downtrend on a quick high-versus-low time frame scan then no indicator on the planet will help you.
  3. Do you know why momentum indicators work on clear trends but are often a complete disaster on ranges? If not, why not? Do you know why such indicators are losing you tons of trades on low TFs? Do you actually understand the simple mathematics of any indicator? If the answer to these questions is “no” then why are you using these things and piling on indicator after indicator after indicator until you have some psychedelic disco on your screen that looks like an intergalactic dogfight in Star Wars? Keep it simple. Know thy indicator.
  4. Risk:Reward Addiction. The greatest profit killer. So you set up your stops and limits at 1:1.5 or whatever and say “That’s me done” only to come back and see that your limit was missed by a soul-crushing 5 pips before reversing trend to cost you $100, $200, $1000. So you say “Ah but the system is fine”. Guys...this isn’t poker; it doesn’t have to be a zero sum game. Get over your 1:1.5 addiction —The Market Does Not Owe You 50 Pips— Which leads to the next point which, frankly, is what has allowed me to make money consistently for my entire trading life...
  5. YOU WILL NEVER GO BROKE TAKING A PROFIT. So you want to take that 50-pip profit in two hours because some analyst says it’ll happen or because your trend lines say it has to happen. You set your 1:1.5 order. “I’ll check where I’m at in an hour” you say. An hour later you see you’re up 18 pips and you feel you’re owed more by now. “If I close this trade now I could be missing out on a stack”. So what?! Here’s an example: I trade in sterling. I was watching GBP climb against it’s post-GDP flop report and once I was up £157 I thought “This is going to start bouncing off resistance all morning and I don’t need the hassle of riding the rollercoaster all day long”. So I closed it, took the £157, went to make breakfast. Came back shortly afterwards and looked at the chart and saw that I could’ve made about £550 if I’d trusted myself. Do I care? Absolutely not...in fact it usually makes me laugh. So I enter another trade, make another quick £40, then another £95. Almost £300 in less than 45 mins and I’m supposed to cry over the £250 I “missed out on”?
£300 in less than an hour for doing nothing more than waiting for some volatility then tapping a keyboard. It’s almost a sin to make money that easily and I don’t “deserve” any of it. Shut off the laptop. Go out for the day.
Does the following sound familiar? “Okay I’m almost at my take-profit...almost!.....almost!....okay it’s bouncing away from me but it’ll come back. Come back, damnit!! Jesus come back to my limit! Ah for F**k’s sakes!! This is complete crap; that trade was almost done! This is rigged! This is worse than poker! This is total BS!!”
So when you were 50% or 75% toward your goal and could see the trade slipping away why wasn’t $100 or $200 enough? You need more than that?...really?!
So point 6:
  1. Tomorrow Is Another Day. Lordy Lordy, you only made $186 all day. What a disaster! Did you lose anything? Nope. Will the market be open again tomorrow? Yep. Does London open in just four hours? Yep. Is the NOK/SGD/EUR whatever still looking shitty? Yep. So let it go- there are endless THOUSANDS of trades you can make in your lifetime and you need to let a small gain be seen for what it is: ANOTHER BEAUTIFUL PROFIT.
Four or five solid but small profits in a day = One Large Profit. I don’t care how I make it, I don’t care if it’s ten lots of £20, I don’t care if I make the lot in a single trade in 30 seconds either. And once I have a nice sum I switch the computer off and leave it the Fk alone. I don’t care if Brexit is due to detonate the pound or if some Fed guy is going to crap all over the USD in his speech; I’ve made my money and I’m out for the day. There will be other speeches, other detonations.
I could get into the entire process by which I trade but it’s aggravatingly basic trend-following mostly based on fundamentals. Losing in this business really does boil down to the same appalling combination of traits that kill most traders: Greed, Impatience, Addiction. Do I trade every day? Absolutely not; if there’s nothing with higher probability trades then I just leave it alone. When I hit my target I’m out for the day- the market doesn’t give a crap about me and I don’t give a crap about the market, if you see my meaning.
I played poker semi-professionally for two years and it’s absolutely soul-destroying to be “cold decked” for a whole week. But every player has to experience it in order to lose the arrogance and the bravado; losing is fine as long as you learn from it. One day you’ll be in a position to fold pocket Kings because you’ll know you’re dead in the water. The currency markets are exactly the same in that one regard: if you learn from the past you’ll know when it’s time to get out of that stupid trade or that stupid “system” that sounded so great when you had a demo account.
Bank a profit. Keep your charts simple. Know the pairs. Be patient. Touch nothing till you understand it inside out.
And if you’re not enjoying the game....STOP PLAYING.
[if people find this helpful I might post a thread on the best books I’ve studied from and why most forex books are utterly repetitious bullshit].
Peace.
submitted by Dave-1066 to Forex [link] [comments]

I ruined my career as a music artist. The years are passing by and the amount of regret and guilt are eating me alive.

Hello everyone.
First of all thank you for reading this and giving attention to my story I'm about to share.I want to mention this is a throwaway account because I feel shy talking about this subject. It is something personal to me.
To give you some quick background information about what's going on:- I'm currently 27 years old while my "career" has ended 7 years ago. In all this time in between, I've had the desire to achieve something similar but so far without the success I had imagined.
Here we go...
  1. When I was 12 years old, I had the desire to become an artist (a DJ/Electronic music artist). I had tons of ambition and motivation and had set my goal for life.From that point in my life I kept pursuing it and put in the hard work to achieve it. It was literally the thing that kept me awake at night. I imagined and visualized my dream of standing on a stage in front of 10k people and playing my own music. I visualized one of my idols supporting me and my music. That was the person I looked up to, the guy who sparkled my fire and inspired me to achieve something similar.
  2. Years went by where I got laughed at on every online forum possible. My music sucked, I was too confident about my thing and people basically told me it was pure shit haha. Yet it did not stop me from pursuing my dream. I was the little kid amongst older guys being better at this music production thing. It was fun to be honest. After 3 or 4 years, when I was around 16 my music got noticed by someone bigger than myself. My music started to get noticed by local clubs and "famous" DJ's. They started playing it every single week in clubs and reached out to me. That's where it all began. Somebody I looked up to emailed me and wanted to make a song together. That's what opened many doors for me. Eventually, it led to releasing (and distributing) a real song under my name and having more support and plays as I wished for.
  3. After a few more musical releases, I got approached again. This time by one of the biggest artists within this scene. I had the luck this scene was very local and everything happened in my country. So we met up. I was a shy little kid who took the train to cross the country to meet one of my idols. This was a big day. I felt like the luckiest and happiest kid alive. A dream coming true. My dream of being a star and realizing my goals didn't seem far away.
  4. Things went well from this point. It took some time but eventually near the time I graduated I was ready and settled to make this my business and job. I was happy, around 18 years old. And I was playing shows around the globe and earning a nice amount of money per booking. The fans and "likes" kept coming in and it seemed like I established some sort of fanbase. This was the life I imagined. My goal seemed reached and I was happy.
  5. As I grew older I started to become a bit more pessimistic or perfectionistic.. or both. There are a lot of fake things going on in the music business and I was not the type of artist who likes to play along with that. I felt real. I spoke real (to my fans, on my social media pages, etc), and I acted that way. I want to mention that at this same period of my life, my family was putting some sort of pressure on me that I should find a part-time job for some extra income. Since I didn't play shows every week, I didn't generate a stable income doing music alone. Yet this was the goal, and this was perfectly possible as almost everyone in my crew was making a living from this. I want to mention that "my crew" was my record label / booking agency where I was part of. I kept believing that this was possible but due the pressure and stress my family gave me I think I started to doubt myself at some point. Although I was living my dream and touring the world, my family didn't push or believe it enough so they would suggest me to find a parttime job. I hated that. Every time they brought that up it made me annoyed because I just wanted to focus on my career and because I knew I could pull this off.
  6. My career was still in a good line at that time. It was also the time I was smoking cannabis. I became an addict. It was something I did on a daily basis and I think it had a negative impact on my behavior and work ethic to produce music. It also had an impact on my social media posts and thoughts about the music industry.
  7. Eventually, everything let to the point where I made a social media post which my label and booking agency didn't like, at all. It was so "off-track" for them that they decided to cancel some of my bookings for that upcoming summer. My post was about justice, and I shared some of my thoughts on the "fake" aspect of this music business because it made me extremely annoyed how people could achieve the same things putting in less work than I did (friends, connections, money..). As my label and booking agency supported those fake activities as well, they were kind of pissed that I shared those honest words in front of my fans online.
  8. Since I was a honest person, stubborn, and perfectionistic, I was like "fuck this" and basically never made contact again with them. Eventually this led to my last booking and then my career died. To this day (7 years later), I still get spotify plays from those old songs, and I still get messages every now and then of people asking what happened and why I stopped making this music.
  9. I would like to mention that my interest for that specific genre was fading away near the time I made that post on my social media. Don't get me wrong, obviously, I would've loved to keep doing it as my job. But personally it just wasn't touching me that much anymore as there were other genres that started to appeal to me more.

Here is an important thing I remember telling my dad at the age of 20, after destroying my career and right before starting some labour work which I absolutely hated. "Dad, I'm going to do this job maximum 3 months before I'm off on another musical adventure in another style!".
So far 7 years have passed hopping jobs and not saving a lot of money. It's only been 2 years I finally been able to quit smoking cannabis. I have made tons of songs in all those years, and removed tons of songs completely from my computer because I hate them at some point and I get angry because of everything.
I get a few plays a month on Spotify with my new musical project but it never really took off. I decided to abandon my previous name and start from scratch because I didn't want any connection to my older project. The closest I got to achieving something big was another famous artist reaching out because he liked one of my songs, but eventually it led to nothing (unfortunately).
I have not played a single show as my new project and haven't got close to being successful or making this my job, at all.
As the years are passing by and I'm slowly starting to realize I'm no longer the "golden boy" (aka the little 13 year old kid with big dreams) it starts to eat me and devastate me mentally. It's a big part of my life and the dream is still alive but it feels like the fire or belief that I will get there is slowly fading away.
There have barely been days that I did not make music but no matter how much I produce or whatever genre or style I try, it doesn't seem to take off.
At this point, and for the last year, or 2-3 years, it has become worse.. I highly doubt every step I take and I feel like I cannot make any decision at all for my musical path anymore. I changed my artist name multiple times and even while writing this post I still think the name isn't good enough and I should start another project from scratch. I basically like a lot of genres and I can't seem to make a choice on what I really wanna go after. The musical world has exploded so much with social media and everything right after my career died and there just seems to be too much choice and things going on. I cannot seem to find the right path and I can't find my fire and ambition like I had when I was younger.
Every now and then I still look back at my musical colleagues which I abandoned 7 years ago and see what they are up to, what the music sounds like and how successful they are right now. It makes me feel worse but some part of me likes looking at it and imagined what I could've become. The fact of seeing them so successful right now and still doing their dream job just makes me even more sad realizing its been 7 years and I'm still living at home, hopping jobs and thinking how to take off on another musical path.
Last year I have met the most amazing girlfriend in the world, and in the meantime I found some other hobbies that I'm passionate about such as trading in forex and doing visuals. But I feel like it will never replace music since that's like my main-quest in life.
If I think about it, being able to do shows again and make an income being a music artist would make me the happiest person alive but there's no way I'm going back to my older project and certainly no way I'm going to knock on the door of my label and say 'Whatsup' after 7 years.
Without a doubt, my behavior and stubbornness led to the most stupid choice I ever made in my life.

Thanks for reading along. I might delete this post later because I feel like I shared too much personal stuff and it makes me insecure. Although I want to admit it felt good writing all of this.
Peace.
submitted by Top-Rub8826 to Advice [link] [comments]

If someone told me today I could push a button and not exist I would probably do it

It’s a weird feeling, I don’t want to die but if this was an option I would probably do it.
I’m tired of trying to stop doing things like gambling and trading forex because I get addicted.
I’m tired of not feeling I am enough or I have enough.
I hate my lack of patience which also gets me into trouble.
It’s like why do I have to fight these things daily that make me what I am to stay on the straight n narrow.
submitted by Turn1to10 to problemgambling [link] [comments]

Stocks or Forex based on personality

I’ve been looking into stocks and forex and I’d say I like the look of forex because its more short term trading and less capital is needed.
I know Forex is different than gambling but it has some similar aspects. It’s either a sudden win or sudden loss, and you don’t always win you’re going to lose as well. Obviously successful traders have got strategy’s that win a lot more than lose.
Now I’ve always hated gambling, I tried it and it just gave me anxiety due to the sudden rush you get from it and I got anxiety because of it due to being worried that I’d get addicted as that shit can ruin people’s lives.
Now can someone help me to figure out if forex is for me or not based on personality and things. Like what kind of personality characteristics make a good trader and what characteristics make a bad trader.
submitted by DaveSantan999 to Forex [link] [comments]

Why do you continue trading forex?

I believe most of the experienced traders knows that forex is unregulated and is currently being manipulated by the big banks for their profits. But why do most traders( including me) still continue to trade forex?
Are we all addicted to it? Sort of like gambling addiction?
submitted by blackbishop93 to Forex [link] [comments]

Thoughts On The Market Series #1 - The New Normal?

Market Outlook: What to Make of This “New Normal”

By ****\*
March 16, 2020
After an incredibly volatile week – which finished with the Dow Jones Industrial Average rallying over 9% on Friday – I suppose my readers might expect me to be quite upbeat about the markets.
Unfortunately, I persist in my overall pessimistic outlook for stocks, and for the economy in general. Friday’s rally essentially negated Thursday’s sell-off, but I don’t expect it to be the start of a sustained turnaround.
We’re getting a taste of that this morning, with the Dow opening down around 7%.
This selloff is coming on the back of an emergency interest rate cut by the Federal Reserve of 100 basis points (to 0%-0.25%) on Sunday… along with the announcement of a new quantitative easing program of $700 billion. (I will write about this further over the next several days.)
As I have been writing for many weeks, the financial bubble – which the Fed created by pumping trillions of dollars into the financial system – has popped. It will take some time for the bubble to deflate to sustainable levels.
Today I’ll walk you through what’s going on in the markets and the economy… what I expect going forward and why… and what it means for us as traders. (You’ll see it’s not all bad news.)

Coronavirus’ Strain on the Global Economy

To start, let’s put things in perspective: This asset deflation was coming one way or another. Covid19 (or coronavirus) has simply accelerated the process.
Major retailers are closing, tourism is getting crushed, universities and schools are sending students home, conventions, sporting events, concerts, and other public gatherings have been cancelled, banks and other financial service firms are going largely virtual, and there has been a massive loss of wealth.
Restaurant data suggests that consumer demand is dropping sharply, and the global travel bans will only worsen the situation.
Commercial real estate is another sector that looks particularly vulnerable. We are almost certain to see a very sharp and pronounced economic slowdown here in the United States, and elsewhere. In fact, I expect a drop of at least 5% of GDP over the next two quarters, which is quite severe by any standard.
Sure, when this cycle is complete, there will be tremendous amounts of pent-up demand by consumers, but for the time being, the consumer is largely on the sidelines.
Of course, the problems aren’t just in the U.S. China’s numbers look awful. In fact, the government there may have to “massage” their numbers a bit to show a positive GDP in the first quarter. Europe’s numbers will also look dreadful, and South Korea’s economy has been hit badly.
All around the world, borders are being shut, all non-essential businesses are being closed, and people in multiple countries are facing a lockdown of historic proportions. The coronavirus is certainly having a powerful impact, and it looks certain that its impact will persist for a while.
Consider global tourism. It added almost $9 trillion to the global economy in 2018, and roughly 320 million jobs. This market is in serious trouble.
Fracking in the U.S. is another business sector that is in a desperate situation. Millions of jobs and tens of billions of loans are now in jeopardy.
The derivative businesses that this sector supports will be likewise devastated as companies are forced to reduce their workforces or shut down due to the collapse in oil prices. This sector’s suffering will probably force banks to book some big losses despite attempts by the government to support this industry.
In a similar way, the derivative businesses that are supported by the universities and colleges across America are going to really suffer.
There are nearly 20 million students in colleges across the U.S. When they go home for spring vacation and do not return, the effect on the local businesses that colleges and university populations support will be devastating.
What does this “new normal” mean going forward? Let’s take a look…

New Normal

The new normal may become increasingly unpleasant for us. We need to be ready to hunker down for quite some time.
Beyond that, the government needs to handle this crisis far better in the future.
The level of stupidity associated with the massive throngs of people trapped in major airports yesterday, for example, was almost unimaginable.
Instead of facilitating the reduction of social contact and halting the further spread of the coronavirus, the management of the crowds at the airports produced a perfect breeding ground for the spread of the virus.
My guess is that more draconian travel restrictions will be implemented soon, matching to some extent the measures taken across Europe.
This will in turn have a further dampening effect on economic activity in the U.S., putting more and more pressure on the Fed and the government to artificially support a rapidly weakening economy.
Where does this end up? It is too early to say, but a very safe bet is that we will have some months of sharply negative growth. Too many sectors of the economy are going to take a hit to expect anything else.
The Fed has already driven interest rates to zero. Will that help? Unlikely. In fact, as I mentioned at the beginning of this update, the markets are voting with a resounding NO.
The businesses that are most affected by the current economic situation will still suffer. Quantitative easing is hardly a cure-all. In fact, it has been one of the reasons that we have such a mess in our markets today.
The markets have become addicted to the easy money, so more of the same will have little or no impact. We will need real economic demand, not an easier monetary policy.
It won’t help support tourism, for example, or the other sectors getting smashed right now. The government will need to spend at least 5% of GDP, or roughly $1 trillion, to offset the weakness I see coming.
Is it surprising that the Fed and the government take emergency steps to try to stabilize economic growth? Not at all. This is essentially what they have been doing for a long time, so it is completely consistent with their playbook.
Next, I would anticipate the government implementing some massive public-works and infrastructure programs over the coming months. That would be very helpful, and almost certainly quite necessary.
But there’s a problem with this kind of intervention from the government…

What Happens When You Eliminate the Business Cycle

The Fed’s foolish attempt to eliminate business cycles is a significant contributing factor to the volatility we are currently experiencing.
Quantitative easing is nothing more than printing lots and lots of money to support a weak economy and give the appearance of growth and prosperity. In fact, it is a devaluation of the currency’s true buying power.
That in turn artificially drives up the prices of other assets, such as stocks, real estate and gold – but it does not create true wealth. That only comes with non-inflationary growth of goods and services and associated increases in economic output.
Inflation is the government’s way to keep people thinking they are doing better.
To that point: We have seen some traditional safe-haven assets getting destroyed during this time of risk aversion. That has certainly compounded the problems of many investors.
Gold is a great example. As the stock market got violently slammed, people were forced to come up with cash to support their losing positions. Gold became a short-term source of liquidity as people sold their gold holdings in somewhat dramatic fashion. It was one of the few holdings of many people that was not dramatically under water, so people sold it.
The move may have seemed perverse, particularly to people who bought gold as a safe-haven asset, but in times of crisis, all assets tend to become highly correlated, at least short term.
We saw a similar thing happen with long yen exposures and long Bitcoin exposures recently.
The dollar had its strongest one-day rally against the yen since November 2016 as people were forced to sell huge amounts of yen to generate liquidity. Many speculators had made some nice profits recently as the dollar dropped sharply from 112 to 101.30, but they have been forced to book whatever profits they had in this position. Again, this was due to massive losses elsewhere in their portfolios.
Is the yen’s sell-off complete? If it is not complete, it is probably at least close to an attractive level for Japanese investors to start buying yen against a basket of currencies. The major supplies of yen have largely been taken off the table for now.
For example, the yen had been a popular funding currency for “carry” plays. People were selling yen and buying higher-yielding currencies to earn the interest rate difference between the liability currency (yen) and the funding currency (for example, the U.S. dollar).
Carry plays are very unpopular in times of great uncertainty and volatility, however, so that supply of yen will be largely gone for quite some time. Plus, the yield advantage of currencies such as the U.S. dollar, Canadian dollar, and Australian dollar versus the yen is nearly gone.
In addition, at the end of the Japanese fiscal year , there is usually heavy demand for yen as Japanese corporations need to bring home a portion of their overseas holdings for balance sheet window dressing. I don’t expect that pressure to be different this year.
Just as the safe-haven assets of yen and gold got aggressively sold, Bitcoin also got hammered. It was driven by a similar theme – people had big losses and they needed to produce liquidity quickly. Selling Bitcoin became one of the sources of that liquidity.

Heavy Price Deflation Ahead

Overall, there is a chance that this scenario turns into something truly ugly, with sustained price deflation across many parts of the economy. We will certainly have price deflation in many sectors, at least on a temporary basis.
Why does that matter over the long term?
Price deflation is the most debilitating economic development in a society that is debt-laden – like the U.S. today. Prices of assets come down… and the debt becomes progressively bigger and bigger.
The balance sheet of oil company Chesapeake Energy is a classic example. It’s carrying almost $10 billion worth of debt… versus a market cap of only about $600 million. Talk about leverage! When the company had a market cap of $10 billion, that debt level didn’t appear so terrifying.
Although this is an extreme example for illustrative purposes, the massive debt loads of China would seem more and more frightening if we were to sink into flat or negative growth cycles for a while. The government’s resources are already being strained, and it can artificially support only so many failing companies.
The U.S. has gigantic levels of debt as well, but it has the advantage of being the world’s true hegemon, and the U.S. dollar is the world’s reserve currency. This creates a tremendous amount of leverage and power in financing its debt.
The U.S. has been able to impose its will on its trading partners to trade major commodities in dollars. This has created a constant demand for the dollar that offsets, to a large extent, the massive trade deficit that the U.S. runs.
For example, if a German company wants to buy oil, then it needs to hold dollars. This creates a constant demand for dollar assets.
In short, the dollar’s status as the true global reserve currency is far more important than most people realize. China does not hold this advantage.

What to Do Now

In terms of how to position ourselves going forward, I strongly recommend that people continue with a defensive attitude regarding stocks. There could be a lot more downside to come. Likewise, we could see some panic selling in other asset classes.
The best thing right now is to be liquid and patient, ready to pounce on special opportunities when they present themselves.
For sure, there will be some exceptional opportunities, but it is too early to commit ourselves to just one industry. These opportunities could come in diverse sectors such as commercial real estate, hospitality, travel and leisure, and others.
As for the forex markets, the volatility in the currencies is extreme, so we are a bit cautious.
I still like the yen as a safe-haven asset. I likewise still want to sell the Australian dollar, the New Zealand dollar, and the Canadian dollar as liability currencies.
Why? The Bank of Canada, the Reserve Bank of Australia, and the Reserve Bank of New Zealand have all taken aggressive steps recently, slashing interest rates. These currencies are all weak, and they will get weaker.
Finding an ideal entry for a trade, however, is tricky. Therefore, we are being extra careful with our trading. We always prioritize the preservation of capital over generating profits, and we will continue with this premise.
At the same time, volatility in the markets is fantastic for traders. We expect many excellent opportunities to present themselves over the coming days and weeks as prices get driven to extreme levels and mispricings appear. So stay tuned.
submitted by ParallaxFX to Forex [link] [comments]

[LONG] My Story of Disillusionment with and Disappointment in the World and Myself

Intro.
This might be a long one. I hope someone reads the thing, I put like 3 hours into writing it. A brief story of my life and how it all led up to this moment, where I am disillusioned with my self-image, my life choices, and certain aspects of the world, and have no idea what to do next. Warning: this whole thing might be a little depressing to read.
Childhood.
I am a 20yo Russian male. During my childhood, I was made to believe that I am capable of doing something great and doing better than anyone. At the same time I developed a very non-conformist life stance and very often rejected things and ideas simply because they were too popular for my taste, and I couldn't feel special whilst enjoying them. Of course, in turn, society rejected me, as it does with anyone who doesn't play by the rules. Oh well.
My only redeeming quality was that I considered myself pretty smart. Which is even easier to assume, when at the same time you think that you're different from everyone else. Now, I know that to some extent, I was indeed smarter than most people in certain areas. Unlike most people I knew back then, often with bare minimum efforts I was able to maintain near perfect grades at school. I was also enjoying learning new things and reading more than an average person. So, let's just say, I had a basis to assume I was a smart dude.
I wasn't happy and content with my life, though. I never had real friends, because I only hung out with people when they were my classmates/roommates/co-workers, and after we parted ways, I rarely if ever contacted them afterwards. I always enjoyed doing things you usually do in solitude more, because when I was alone, I wouldn't be afraid that someone could hurt me for being different. Because of that, I was never in a romantic relationship.
High School.
Still, life was going okay. By the end of school, I kind of accepted my social deficiency and I wanted to focus on improving the world and become a successful person - for myself. I was facing a dilemma, though. Despite the fact that I was doing great in school, the idea of having to invest four years of my time into studying something really specific, and then having to work another 20-30 years on the same job was terrifying, because I had no idea what I liked to do! Nothing seemed interesting to me, I didn't have a passion for doing anything... Thanks to my video game addiction, which made me lazy as fuck, probably. I also needed to meet my criteria for success with my future job, which included being financially successful. I grew up in top 1% income family, so... I always felt the pressure to outperform or at least match my parents' income.
Enter trading. My dad discovered investing several years ago (we don't live in US, so most of the people aren't as financially savvy, so he never thought about investing before then). I was always curious about financial independence and markets, but now I was seeing it all done in front of me, I realized that it might be a good opportunity to make a lot of money and become successful without being socially adept, which is something absolutely required in business or politics. So, I asked my father to open a brokerage account for me in the US, and started swing trading (trading in weekly/monthly time frames). I could only trade slow and small because of the trade restrictions put on accounts <$25k and <21yo in the US. Still, it was going well, but in hindsight I was just lucky to be there during a great bull market.
Even before I thought trading and more importantly investing were the ways smart people make money. I thought simply because I was conventionally smart, I had a talent or an innate ability to pick innovative stocks and do venture investing when I grow some capital. I truly believed in that long before I was introduced to financial markets, I believed that my surface level understanding of multiple areas of cutting edge and emerging technology would give me an edge compared to all the other investors.
US Community College and Return Back.
In the end, I've decided I want to go to a US community college and study finance and become a trader and later an investor, but I didn't want to work for a fund or something like that (lazy ass). I wanted to use my knowledge and skill and my own money to grow my net worth and make a living. I didn't really like the process of trading, I just needed the money to live by while I was trying to figure out what else to do with my life. Because I thought I were smart, I thought this would come easily to me. Boy was I wrong. From the nicest of conditions in my hometown, I was suddenly moved into a foreign setting, on the other side of the planet away form my family and mates, with a video game addiction and laziness that ruined my daily routine and studying as well. The fact that I didn't like my major was not helping. My grades fell from A- in the first quarter to C+ in the last. I gained +30% from my normal weight. I was stressed out, not going outside and sitting at my computer desk for days at a time, skipping all the classes I could if they were not absolutely essential for my grades, living on prepared foods. I never got out of my shell and barely talked to anyone in English, all of my friends were Russian speaking. I wasted an opportunity to improve my speaking, although aside from that my English skills satisfy me.
By the end of community college, last summer, I was left with B grades that wouldn't let me transfer anywhere decent, and the extreme stress that I put myself through started taking a toll on my mental health. I was planning to take a break and go back to Russia for several months, and transfer back to a US uni this winter. Needless to say, you can't run from yourself. It didn't really become much better after a few months in Russia. I didn't want to study finance anymore, because it was boring and I was exhausted. I still had the video game addiction, still was lazy and gained some more extra pounds of weight. I was not sleeping at all, extremely sleep deprived for months. Because of this and lack of mental stimulation I started to become dumber. And all that was happening where I didn't really have to do anything: not study or work, just sit around the house and do whatever I wanted. Turns out, these conditions didn't help me to get out of the incoming depression.
Finally, around November, when I already sent out all of my transfer applications and already got some positive answers from several universities, I knew I didn't have much time left at home, and I had to leave soon. But I really, really didn't want to go back. It was scarier than the first time. I was afraid of new changes, I just wanted for the time to stop and letting me relax, heal... I was having suicidal thoughts and talked about it with my family and my therapist. They were all supportive and helped me as much as they could. But I was the only person who could really help myself. If I wanted to breathe freely, I had to admit defeat and not go back to the US to continue my education. It was extremely hard at first, but then I just let go. I decided to find a temporary job as an English tutor and give myself time to think. Then I remembered that I had a bunch of money in my trading account. I still thought that I was pretty smart, despite failing college, so I figured, why not try move it to Russian brokers who don't have trading restrictions, and do it full time? Which is exactly what I did. And I started to study trading all by myself at a fast pace. I was now trading full time and it was going sideways: +10% in December, -20% in January. Then, something incredible happened. I was already in a shitty place in life, but I still had some hope for my future. Things were about to get much worse. I'm in the late January, and I discovered for myself that the whole financial industry of the world was a fraud.
Brief Explanation of My Discoveries.
In the image of the financial industry, there are several levels of perceived credibility.
In the bottom tier, there is pure gambling. In my country, there were periods when binary options trading and unreliable Forex brokers were popular among common folk, but these were obvious and unsophisticated fraudsters who were one step away from being prosecuted. There are also cryptocurrencies that don't hold any value and are also used only for speculation/redistribution of wealth. There is also a wonderful gambling subreddit wallstreetbets where most users don't even try to hide the fact that what they are doing is pure gambling. I love it. But the thing is, this is trading/investing for the people who have no idea what it is, and most people discredit it as a fraud, which it, indeed, is. These examples are 99% marketing/public image and 1% finance. But these offer x10-1000 returns in the shortest time span. Typical get-rich-quick schemes, but they attract attention.
Then, there is trading tier. You can have multiple sub levels here, in the bottom of this tier we would probably have complex technical analysis (indicators) and daily trading/scalping. I was doing this in the DecembeJanuary. At the top would be people who do fundamental analysis (study financial reports) and position trade (monthly time frames). Now, there is constant debate in the trading community whether technical analysis or fundamental analysis is better. I have a solid answer to the question. They work in the same way. Or rather, they don't work at all.
You'd ask: "Why you didn't discover this earlier? You were in this financial thing for several years now!" Well, you see, unlike on the previous level, here millions of people say that they actually believe trading works and there is a way to use the available tools to have great returns. Some of these people actually know that trading doesn't work, but they benefit from other traders believing in it, because they can sell them courses or take brokerage fees from them. Still, when there are millions around you telling you that it works, even a non-conformist like me would budge. Not that many people actually participate in the markets, so I thought that by being in this minority made me smart and protected from fraudsters. Lol. All it took for me to discover the truth is to accidentally discover that some technical indicators give random results, do a few google searches, reach some scientific studies which are freely available and prove that technical and fundamental analysis don't work. It was always in front of me, but the fucking trading community plugged my ears and closed my eyes shut so I wasn't able to see it. Trading usually promises 3-15% gain a month.
A huge shock, but surely there was still a way for me to work this out? Active investing it is!
The next level, active investing, is different from trading. You aim for 15-50% yearly returns, but you don't have to do as much work. You hold on to stocks of your choice for years at a time, once in a while you study the markets, re balance your portfolio, etc. Or you invest your money in a fund, that will select the stocks of their choice and manage their and your portfolio for you. For a small fee of course. All of these actions are aimed at trying to outperform the gain the market made as a whole, and so called index funds, which invest in basically everything and follow the market returns - about 7-10% a year. And if I ever had any doubts in trading, I firmly believed that active investing works since I was a little kid (yes I knew about it back then). And this is where the real fraud comes in.
The whole Wall Street and every broker, every stock exchange in the world are a part of a big fraud. Only about 10-20% of professional fund managers outperform the market in any 15 year period. If you take 30 years, this dwindles to almost nothing, which means that no one can predict the markets. These people have no idea what they are doing. Jim Cramer is pure show-business and has no idea what's going on. Warren Buffet gained his fortune with pure luck, and for every Buffet there are some people who made only a million bucks and countless folks who lost everything.
Wall Street. They have trillions of dollars and use all that money and power and marketing to convince you that there is a way to predict where the stocks are going without being a legal insider or somehow abusing the law. They will make you think you can somehow learn from them where to invest your money on your own or they will make you believe that you should just give it to them and they will manage it for you, because they know how everything works and they can predict the future using past data.
They won't. They don't. They can't. There are studies and statistics to prove it countless times over the span of a 100 years. But they will still charge you exchange fees, brokerage fees and management fees anyway. And they also manipulate certain studies, lobby where and when they need it, and spread misinformation on an unprecedented scale, creating a positive image of themselves. And everyone falls for that. Billions of people around the globe still think it's all legit.
Passive index investing is the last level. You just put your money in the market and wait. Markets will go up at a predetermined rate. If there's a crisis, in 10 years no one will even remember. Markets always go up in the end. But passive index investing can only give you only 7% inflation-adjusted returns a year. Not enough to stop working or even retire early, unless you have a high-paying job in a first-world country. I don't.
Despite all that, to put it simply, this is the only type of investing that works and doesn't involve any kind of fraud or gambling. It's the type of investing that will give you the most money. If you want to know why it is like that and how to do it, just go to financialindependence. They know this stuff better than any other sub. Better than investing, trading or any other sub where non-passive-index investing is still discussed as viable strategy.
Back to me.
My whole being was fucked over, my hopes and dreams and understanding of success and how this world works were shattered. I realized, I had no future in financial industry, because only middlemen make money in there, and I quit college needed to get there. Frankly, I wouldn't want to work there even if I had the opportunity. The pay is good, but the job is boring and I wouldn't want to be a part of this giant scheme anyway. But even if I wanted to go back, I also couldn't. Russia is in a worsening crisis and my parents could no longer afford a US university and now with coronavirus it's even worse. Good thing I quit before it all happened. I learned a valuable lesson and didn't lose that much money for it (only about 10% of my savings). God knows where it would lead me if I continued to be delusional. But now that my last temporary plans for the future were scrapped, I had no idea what to do next.
The future.
With the reality hitting me, I would lie if I say it didn't all come full circle and connect to my past. I realized that I was stupid and not intelligent, because I was living in a made-up world for years now. But even if I were intelligent, pure wit would not give me the success and fortune that I was craving, because trading and active investing were a no-go for me, and business/politics require a very different, extroverted mindset, different education and interest from my own. My only redeeming quality in a hopeless introvert world, my perceived intelligence was taken away from me and rendered useless at the same time.
Besides, failing at that one thing made me insecure about everything and now I think of myself as an average individual. So, if 8 out of 10 businesses fail, I shouldn't start one because I will probably fail. And if most politicians don't get anywhere, why should I bother? If average salary in my country is X, I shouldn't hope for more. I stopped believing in my ability to achieve something. First, I failed at education and now I failed... Professionally? I don't know how to describe it, but my life recently was just an emotional roller coaster. I just feel like a very old person and all I want calmness and stability in my life. I was very lazy before just because, but now I feel like I also don't want to do anything because I feel I would just fail. It feels better now I don't have to worry about trading anymore and I got rid of that load... But I am still miserable and perhaps worse than ever, maybe I just don't understand and feel it because I've become slow and numb. The only positive thing that happened to me recently, is that I finally started losing weight and about 1/4 of the way back to my normal weight.
As for my future, am looking at several possibilities here. So far the parents are allowing my miserable life to continue and they let me live with them and buy me food. I don't need anything else right now. But it can't go on like this forever. The thought of having a mundane low-paying job in this shithole of a country depresses me. I will probably temporarily do English tutoring if there's demand for such work. My old school friends want me to help them in their business and my dad wants me to help him in his, I and probably should, but I feel useless, pathetic and incapable of doing anything of value. And business just seems boring, difficult and too stressful for me right now. Just not my cup of tea.
I am also looking at creative work. I love video games, music, films and other forms of art. I love the games most though, so I am looking into game dev. I don't really like programming, I have learned some during school years, but the pay would probably be higher for a programmer than an creator of any kind of art. However, I think I would enjoy art creation much more, but I don't have any experience in drawing and only some limited experience in music production. And I am not one of these kids who always had a scrapbook with them at school. Having to make another life choice paralyzes me. I am leaning towards art. I don't feel confident in my ability to learn this skill from scratch, but I think it's my best shot at finding a job that would make me happy.
So perhaps, when this whole pandemic is over, I'll go to Europe and get my degree, get a job there and stay. American Dream is dead to me, and Europe is cheaper, closer, safe and comfortable. Just the thing for a person who feels like they are thrice their real age.
Outro.
Thanks for coming to my TED Talk. Special thanks if you read the whole thing, it means a whole lot to me, an internet stranger. But even if no one reads it, feels good to get this off my chest. I actually cried during writing some parts. Holy shit, this might be the longest and smartest looking thing my dumbed down head could manage to generate since college. I hope that you're having a great day. Stay healthy and be careful during this fucking pandemic. All the best.
submitted by OberV0lt to TrueOffMyChest [link] [comments]

My boyfriend might be delusional, please advise.

I (21F) am in a fairly new relationship with B (21M). We’re both young and new to love. He’s my second serious relationship. I really love him and I want to give him my fullest support, but it seems like this is very difficult to do so. What do I mean by support? Read on.
(This is focused on financial issues)
Background on B: His family is very successful with most of them owning their own businesses and are very rich. I am also his first girlfriend and hence, may be a little more clueless on the dos and don’ts in a relationship. For example, he finds it perfectly fine to leave me on read and not reply me for hours until he decides when he wants to, or he also finds it perfectly okay to go to clubs without informing me. However, I have already talked to him and told him I would prefer if he told me beforehand. These are issues already addressed, so let’s not talk about them.
B is someone who is easily convinced, manipulated and he picks up bad things very quickly. His friends are heavy smokers, addicted to online trading gambling and are all brandwhores. He picked these up very quickly and spend most of his money away, especially on Forex. Now, I would say Forex is perfectly fine since it's more of an investment, rather than gambling. However, he has spend thousands on it and has never gained any profit. He always talks about famous people who are very successful in Forex and aims to be like them, but has never once earned in the past 4 years. He has also become a very rude person during this quarantine from talking much more to his friends and has always been asking me to purchase branded goods with him.
Background on Me: I come from a low income family. I do not take allowance or any form of money from my parents. I work many part-time jobs during my school days and often have to fork out my own money to pay for my parent's bills and my school fees. I have become someone who saves a lot for my future and for rainy days as I want to live a comfortable life in the future. But, I have also been diagnosed with generalized anxiety disorder due to financial issues, school and work, which B does no help as he consistently requests me to invest in him/buy expensive goods with him.

Ever since quarantine, I haven't met him in almost 2 months and it gave me a lot of time to think about B. Now, the delusional part. He always tells me he wants to be extremely successful, he wants to be a businessman, a millionaire and open tons of businesses. He wants to be richer than his family members and own big houses. Why do I find this delusional, rather than big dreams? He does not save any of his money, or plans out what he wants to do. He jumps from one to another business plan, for example, on Monday he says he wants to open his own restaurant, on Tuesday he says he wants to open his own hair salon etc. He always tells me to save more of my money so that we can buy a big house in the future and marry the moment he finished University. However, he has 0 savings and spends everything on Forex, cigarettes and branded goods. Why does this concern me so much? I want to have a future with him. I have already planned out my future for myself but.. will I have one? From the looks of it, I think I will end up having to support him instead, FINANCIALLY, which has always been my nightmare. I talked to my closest buddy about it, and he said it's best to end it now. But I really love B, and the thought of leaving him scares me. Please advise what I should do, to help him and myself. Thank you.
submitted by ThrowRABunnyEars to relationship_advice [link] [comments]

IS FOREX TRADING GAMBLING ? HOW NOT TO TRADE FOREX MARKET (3 TIPS) Why Forex Traders Are Addicted To Scalping - YouTube HELP! - I’m addicted to trading Why Forex Traders Are Addicted To Scalping - YouTube How To Be In The Top 10%  Forex Trading

Mentor, psychologists, and books on Forex Trading talk of Trading Plan, losing self-discipline, Self-control in Forex. But never do we consider and discuss the very real danger of addiction. Quite frequently, losses of the trader characteristics are linked to behavioral addiction behaviors. An addiction occurs when an activity provides a powerful reinforcing source that, over time, makes a ... Forex Hazard Addiction to trading is a dangerous phenomenon that you must fight alone in your head. It is the emotional part of making ... Forex Trading Addiction: How Alcoholics Anonymous Can Help Traders. Do the symptoms of a Forex trading addiction sound familiar to you? Your hands are sweating, your pulse is racing, and your mind is consumed. Before you even know it you have clicked the mouse and placed a trade and you don’t even know why. Time and again you compulsively click until at some point you step back and realize ... Is forex trading addictive? Yes, it can be. Activities that people enjoy can turn into addictions. This includes forex trading. Trading addiction is not physically damaging like drugs and alcohol can be, but it is often harmful financially. A forex addiction occurs when a person concentrates more on making money than on the actual trading process. Forex trading is the worse gambling addiction there is, the fact is, no one believes this is gambling, even the professionals who are supposed to help you do not believe it is gambling either. So you are left on your own, to figure things out, until you become homeless, after years of gifting the market your hard-earned money. In short, there are so many big players who derive profits from ... During these times, trading can have the potential to turn into an addiction, eventually damaging both the mind and soul. To illustrate, let me tell you the story of a day trader who ended up wiping out his entire account for the third time in a row. Despite this, he insists on pursuing forex trading as he opens yet another live account. He ... Addiction to forex trading is brought about by the same reasons a drug or alcohol may be addictive. First, it doesn’t require a lot of capital. Today, you can open a live trading account with $500 for a standard account. Micro-lot accounts require even less, and an account can be opened with as little as $5. Additionally, making the deposits is very easy because there are very many ways of ... The addiction of trading The first aspect to be aware of is that FX trading is addictive. In a very similar way to the way that alcohol, drugs and sex can be addictive, FX trading can consume our ... Addiction to Forex trading has all the symptoms of alcohol or drug addiction. It is deceivingly easy. It is accessible. It does not require large amount of capital. It can be done anywhere on a smart phone. It gives immediate feedback. Alacoholic... Forex Psychology - Trading Can Be Addictive - Forex trading can become an addictive activity. Whereas an addiction to alcohol and other drugs are substance addictions, an addiction to trading is a process addiction and thus much more difficult to spot and overcome. There is a great deal of research in this area that has yet to be done but consider the following:

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IS FOREX TRADING GAMBLING ? HOW NOT TO TRADE FOREX MARKET (3 TIPS)

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