crypfx

I decided to write this article from my experience and how crypto trading has affected me mentally.
Trading of any financial class is risky and comes with its own reward and most times losses.
There is just one thing that isn't talked about so much. That is your mental health and how trading such financial class affects you.
The truth is a lot of people are going through a lot because of the losses they have incurred in trading especially trading crypto futures which can see your funds wiped out in an instant. Unlike spot trading where you can still have the asset pending when price of that crypto asset increases, you can still recover your funds but crypto futures is different, once you are liquidated, your money is gone. It is similar to trading the FX markets because we are trading on leverage.

Why am I writing this? I am concerned about your mental health. Just recently I lost a good amount of money under my care by a family member and this person trusted me so much to have left money in my care but I broke that trust and this affected me mentally. I have still not be able to talk to that family member because I don't know what to tell them. I only assured them to give me sometime to pay off.
That is putting extra stress on me unlike if I lose my own money, I wouldn't be this bothered.
Taking a loan or borrowing money to trade isn't something I will advise anyone to try.
The potential risk of losing it all can be enormous.
Also learn to take a break if you see you have not been performing well in your trades, perhaps invest in other financial class with less risk such as bonds although they come with low yields but it guarantees a level of sanity on your part.
If you see you are doing too much and losing more. STOP!
Seek help and get involved in other activities that can earn you money.
Get involved in freelancing jobs, do other work that doesn't require you to take huge risk with your funds.

I hope this article helps you.
Let us learn to prioritize our mental health.
Akeem Tayo Adenuga