Hi everyone, I am a noob at forex. I opened an account 2 months ago with 200k which is now 400k. I am basically a tape reader and do about 200 trades per day on 2 pairs (USD.JPY, AUD.USD) on my mobile phone (at work, in the car, in the toilet, at any possible opportunity basically). My wife is unhappy about the amount of time I spend on this however as I am always pre-occupied and recently told me I have to stop this. The final straw was when she noticed I have been waking up at 3am to put on a few trades and found out I have been trading whilst driving. I am beginning to see that it is in fact a way that I am avoiding my responsibilities as a father by spending my spare time on this rather than with my wife and the kids. I think I have an addictive personality and have a tendency to addictive behavior. I think I probably have an addiction to financial risk and I was a workaholic.
I have reduced the work addiction. Before I used to work 60+ hours per week, had no lunch and didn't take any holidays in 10 years, except a day when our first child was born. I took almost a week off with the last child so I think I am getting better there. I work only 40 hours per week now. But then I started forex trading and this has been obsessive and compulsive. I make about 500k per year from my business so I am not too worried about losing the initial money I put in forex, although I think my wife would be mildly upset. More it is the emotional impact of me being not present as I am constantly watching and thinking about the market. On Friday I decided to get out of short term trading and move to a longer time-frame. After thinking about it for a few days after my wife's ultimatum, I put on a position short AUD.USD with about 10M face value. I was planning to keep this for at least a year and not trade any further. What are people's thoughts ? Has anyone found the process of trading addictive ? Is this move to a longer time frame likely to blow up?
I have reduced the work addiction. Before I used to work 60+ hours per week, had no lunch and didn't take any holidays in 10 years, except a day when our first child was born. I took almost a week off with the last child so I think I am getting better there. I work only 40 hours per week now. But then I started forex trading and this has been obsessive and compulsive. I make about 500k per year from my business so I am not too worried about losing the initial money I put in forex, although I think my wife would be mildly upset. More it is the emotional impact of me being not present as I am constantly watching and thinking about the market. On Friday I decided to get out of short term trading and move to a longer time-frame. After thinking about it for a few days after my wife's ultimatum, I put on a position short AUD.USD with about 10M face value. I was planning to keep this for at least a year and not trade any further. What are people's thoughts ? Has anyone found the process of trading addictive ? Is this move to a longer time frame likely to blow up?
