For me as an atheist it’s hard to understand what the problem would be.
What’s the difference between buying or selling money compared to buying or selling furniture for instance.
All trading is carried out with the expectation of making a profit.
So, how can that be beneficial to society? Well if I make 1000$ trading forex, it’s more than likely that I’ll spend some or all of that money. Meaning that the money goes back into society causing production of goods, paying wages, hiring people etc.
If you think it’s immoral to make money due to someone else losing money, consider buying that table again. If the table seller didn’t think that his gain was bigger than yours, would he sell it to you? No, of course not.
In any business transaction both parties think that they’re making a deal that benefits them. No different in forex. When you buy, maybe the seller is taking profits rather than making a bad deal. Who’s to say?
Traders have been around for thousands of years. They’re just someone who attempts to profit from buying something at a lower price than they sell it. It takes intelligence, diligence, and hard work, just like any other profession, to be successful. To succeed in trading, one has to approach the work like they would any job, and realize they’re not going to make a fortune overnight. Most individuals who start trading don’t fully realize that, and that’s why the majority of them lose money. It is only gambling if you approach it like a gambler.
You could think of us as being financial Robinhoods…lol…take from the rich (banks/investment funds/retail brokers) and give to the economy (the poor).
Yes perhaps trading transactions start out as only benefiting ourselves, but by becoming financially independant and debt free, we do give back to our fellow kind. It allows us to put money back into the ecomony by spending it which is the lifeblood of businesses, which in turn helps keep them keep others employed. If our businesses are doing well, our ecomony does well. It also allows us to give to organizations that do research on solving incurable diseases or energy saving technologies.
Trading does require a skill a little more advanced than the shake of a dice or flip of a card. However, there are systems that can get you kicked out of casinos, but not out of forex, so I would say we traders have a much better chance of success than an average gambler.
But don’t we all do things to benefit ourselves? How can anyone justify paying a baseball/football/cricket superstar millions of dollars to get them on their team. That player produces nothing, and essentially just for playing a game it is possible for them to lead a life of luxury.
Tom Cruise makes movies, okay, he provides people with jobs but once again at the end of the day what can you do with a movie? You watch it, then put it away and it gathers dust, forgotten about.
Every time someone creates a new development, is it really needed? Who is it created for? Was there really a demand or was it created just for the sake of it?
Clothes anyone? How often have people bought clothes, to wear them only once or maybe not at all? Straight into the closest, I can tell you with complete honesty, my wife has.
My father used to buy a new car every year just because he wanted to. It never crossed his mind to make do with one car till it was too old.
Maybe a few (pretty weak) examples, but that is my view on life. I honestly feel very little is done in this world for the true benefit of others. Most of what we do is for ourselves. The consumer/capitalist society … you want to live in it, you better support it and allow it to work. Anything that gets the money moving around is a good thing.
Hi Tymen,
Not really trying to tell you anything that deep really, but we are just a bunch of consumers really. Consume and consume, just for the sake of it. I don’t like it myself, even though I am of course the same as everyone else on the planet, just a consumer.
I’m not religious myself, but what the bible told about treasuring love, joy, peace, patience and goodness etc is a target worth aiming for. But humans being humans … well, 2000 years after Jesus and we still have only come such a small way towards those treasures. Even in the animal kingdom it is a competition for survival.
I’m Australian such as yourself, but I’ve been living in Japan for nearly 20 years now.
And I think I have a greatly different opinion to you, very sorry. Everytime I go back to Australia (once a year on average for a week at least) I do really believe the greater majority of Australians are conservation minded Talk about it a lot, certainly, but not the greater majority are consumers.
Talk about it a lot, certainly, but not the greater majority are consumers.