Development of trading addiction questionnaire for traders in Indonesia

Abstract

Background: The intensity of trading in the stock, foreign exchange, and crypto markets worldwide has been increasing. The need to earn a higher income amid the pandemic situation has led people to shift towards trading. For beginners, trading can be addictive due to the desire to constantly be involved in the financial markets and continuously monitor price movements. This research originates from the lack of supporting examinations that can be used to assess trading addiction. The aim of this study is to develop a trading addiction questionnaire and assess its validity and reliability within the trader community in Indonesia. Methods: This study is an analytical observational research with a cross-sectional design, involving 403 samples engaged in trading activities. The samples were obtained through voluntary sampling from the trader community in Indonesia. The main objective of this research is to assess the validity and reliability of the Trading Addiction Scale Version Indonesia-Korea (SATVIK) questionnaire. Result: SATVIK questionnaire has a construct validity value of ? 0.5, indicating that it is valid. The Cronbach's Alpha value of 0.932 for the 9 questionnaire items signifies that the reliability of the SATVIK questionnaire falls into the high category.