Basically let me start by explaining what Addiction really is.According to Joseph Frascella of US National Institute on Drug Abuse(NIDA) to the 'Time' magazine recently,"are repetitive behaviours in the face of negative consequences,the desire to continue something you know is bad for you"
So basically this is what happening in small towns and villages where small money lenders , farmers and even labourers try to gamble on commodity market even when they don't know the ABC of the market.Its like the same rush happened in early 90's when uninformed traders tried to put there money in Stock Market in hope of fast bucks and ultimately they got there fingers burnt.
Same is the case for small villages,their are cases when people committed suicide just to escape their debts.
It is always advisable to invest your money in the field where you have knowledge,their is no point going crazy for those red and blue tics on the terminal and losing all your hard earned money.
This is not the case of one or two villages its about whole India.From outside its seem fascinating to enter into market and investing in pulses,gold,silver,crude,etc. But if you don't possess knowledge its like playing cards with your hard-earned money.Even in cities like Delhi, i have seen people doing nothing and sitting on terminal daily and losing their hard-earned money on the calls given by their brokers.They follow their brokers with eyes closed and ultimately suffer. Due to this Addiction not only you, your loved one's also suffer.
ADVICE:DON'T ENTER A FIELD UNLESS YOU KNOW IN&OUT OF THAT FIELD
References used:
*Times Of India
*'Time' Magazine
Tuesday, July 31, 2007
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