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D is cover to fulfill our Kingdom Assignments. Consume, Share and Get Paid with Atomy. Live Spreads The Future Currency C ost-effective and user-friendly phone app s for the frequent travelers. No office, no boss. Make money with your own or rental car. Sign up now and start shopping at HonestBee. Everything you need to sell tickets and manage registration for any kind of event. Available to over countries worldwide! Someone argued that in Forex trading, one can only win at the expense of another and hence, it is no difference from gambling and it is unproductive and wrong to do so.
Lets begin with the statement of "one can only win at the expense of another". Would you not apply for a job knowing that if you succeed, other applicants will not? In any competition, there will be winners and there will be losers. Moreover, in trading not gambling , losers lose, not because another trader took from them and winners win, not because they took from a losing trader. A "trade" is a business transaction, where the buyer and the seller agree on the value of something exchanged, be it currencies, stocks, bonds, futures contracts, cars or houses etc.
There is no disagreement between the buyer and the seller and there is nothing unethical about trading. The fact is that the buying and selling of currencies is no difference from the trading of goods which we try to buy at a lower price and sell them off at a higher price to make a profit.
What about " it is no difference from gambling and it is unproductive and wrong to do so ". The difference between the Casino and the Forex market is that, most are games of chance in the Casino while it is about economy and a contest of strategy for the Forex market.
Another good way to differentiate trading from gambling is this: Imagine playing a game like blackjack and not having to put any money on the table until I have seen the dealer's cards, and then being able to risk as much or as little or even not at all.
In addition, I have the ability as a trader to increase my profits let my profits run whenever the odds are stacked in my favor and mitigate my losses cut my losses short when my decisions are wrong. All of us have to take some calculated risks in our transactions in order to achieve the potential rewards that we envisaged. Forex trading is an essential economic activity. While Forex trading is a zero sum game where the total gains must equal all the losses, it is also subjective because there are instances where a trader's gain need not arise from the loss of another trader.
Like any other legitimate businesses or professions whose goals are to make a profit for ourselves, trading is definitely not dishonest as we are not out to swindle others and not harmful if we don't treat it like gambling.
It is also unreasonable to approve the trading for profit of traditional goods and services but disapprove the trading of currencies, stocks and properties etc. In the Parable of the Talents Matthew Failing to do so will incur God's wrath. While some may interpret Psalm Automation increases our productivity and frees up time for us to do things that matter more to us than just hard work! In short, trading is a viable way to grow our wealth.
Its goal is similar to investing in properties, stocks etc. Does financial trading serve any useful purpose, or are traders just parasites?
Opinions are split, so we're just quote the Rosenthal report: This freedom does not require an additional justification, such as promoting the interest of commercials. All that is required is that the general public not be harmed and that the market place be organized according to fair rules and procedures.
In conclusion, there is nothing wrong with Forex trading if we treat the Forex market like any other market places where opportunities can be seized and risks can be mitigated. What gives Forex trading a bad connotation is when people treat the Forex market as a casino. It's also my hope and prayer that through my trading and programming skills, I can be a blessing to others.
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Independently Administered Segregated Client Accounts Can a Christian T rade Forex? Lets begin with the statement of "one can only win at the expense of another" Would you not apply for a job knowing that if you succeed, other applicants will not? The Forex market facilitates the proper functioning of global trades and market participants including spot traders contribute to the liquidity for the exchanges of currencies.
International business transactions where currencies are required to be swapped will not be possible without the existence of an active FOReign EXchange market.
Is it wrong to trade? A stricter interpretation of t he Holy Bible's 8th. Commandment " You shall not steal " should include activities that cheat or harm to enrich oneself. Free Video Training and Tutorials Simply open a free Practice account or Live account and get free access to more than 40 video tutorials for beginners and advanced traders.