The world of foreign exchange (forex) trading is a vast arena that is filled with the promise of immense wealth and great success. However, it also carries a risk that is all too real: gambling addiction. Despite the appeal of the potentially lucrative returns, the potential risks associated with an addiction to gambling can be anything but alluring. Fortunately, there are a number of resources available to those who are struggling with this affliction. In this article, we will take a look at a few of these resources so that forex traders can remain informed and steady in the face of such a dangerous vice.
What is Problem Gambling and How Widespread is it?
Problem gambling is a disorder that is characterized by an inability to control one’s impulses when it comes to gambling. This disorder can be incredibly damaging to health and overall wellbeing. According to the National Council on Problem Gambling (NCPG), it is estimated that 2-4% of adults in the United States are troubled gamblers. It is also estimated that up to 10% of the global population have a gambling disorder.
Problem gambling can affect anyone, regardless of demographic factors. It is commonly found in young people, with some research suggesting that the rate of problem gambling among adolescents is estimated to be three times higher than adults. However, there are indicators that can help to identify problem gambling, such as an increased preoccupation with gambling, financial problems caused by gambling, and lying to conceal the severity of the condition.
The Relationship Between Gambling and Addiction
Gambling addiction is closely related to other forms of addiction, such as drug addiction and alcohol addiction. Research has also shown that people with gambling disorder have high levels of co-occurring mental health disorders, such as depression, anxiety, and substance-use disorders. The relationship between gambling and addiction is complicated and needs to be managed with the appropriate interventions.
Research also suggests that there is an increased likelihood of a person with a gambling disorder also developing substance-use disorders. Additionally, there is a link between problem gambling and a range of physical health issues, such as migraines, back pain, and gastrointestinal disorders.
Gambling Addiction Resources
Those who are suffering from gambling addiction are encouraged to seek help from qualified professionals. A number of resources are available to people with gambling problems, and the Michigan Problem Gambling Helpline (1-800-270-7117) is available to provide crisis intervention and refer individuals to treatment. Other addiction professionals can also offer support and treatment to gambling addicts.
In addition to professional help, support groups, such as Gamblers Anonymous (GA) and Gam-Anon, are also available to help individuals cope with problem gambling. These organizations provide a safe and confidential environment in which people can share their experiences and learn from the experiences of others.
It is important for individuals to recognize that they are not alone in their struggle with gambling addiction, and many resources are available to help them manage their condition. Additionally, getting the right support from family and friends can also be beneficial in tackling this problem. With the right resources in place, individuals can learn to control gambling urges and lead a healthier and happier life.