Especially if you’re an after-hours Forex trader, it can get dark and lonely behind your desk. A drink to enlighten the mood can be very welcome at those times. On the other hand you know that drinking can affect your performance. But how many drinks can you drink before you start to lose your focus? Just to be sure: this is my opinion, not a scientific fact. My personal opinion is that you should drink exactly 0 drinks.
Trading requires a skill set that can be easily compromised by alcohol. Your focus, to begin with, will decrease as you drink 1 or 2 drinks. The most dangerous about this is that you usually won’t notice it after just the 1 or 2, but it does. Your judgment is also impaired when you drink. You’re more prone to take risks after a drink or 2, and when the risks increase, the losses usually follow quickly. So you can pour yourself a drink, but think about it: is it really worth the risk? My guess is that you’re better off drinking a soda or some water.
But Driving Laws…
A very popular argument against my zero-tolerance policy is that driving laws around the world usually state that 1 or 2 drinks will still leave you capable enough to drive a car. If a car – a potential murdering machine if used incorrectly – can still be operated while under the influence of 2 drinks, why should you not drink at all when trading binary options? Simple: those laws have been designed this way because some people will always show a trace of alcohol in their blood, which they can’t do anything about. Other than that, I also think you shouldn’t drink and drive – even the 1 beer.
Find out more. Read our 59 most useful binary options tips.