I only know trading currency is unethical, because you profit from other’s loss.
So what to trade? Metal? Commodities? Stocks?
Anyone knows?
"Property is theft " - Pierre-Joseph Proudhon
I wouldn’t worry too much about that - think of yourself as a benefactor (At least until you learn to do it properly 
)
You have no hope of finding an answer while your head’s up your rse.
1 Like
well, it does matter to me. If i earn a lot of money but it turns out to be dirty money. It troubles me.
_ think you missed my point - You do not have that dilemma - firstly you need to learn - just to survive - THEY (We) will take your money without scruple or diffidence - Ergo - NO Dilemma 
k ! -
If you really want to understand, read this book - Then see if you really want to participate at all !
It will teach you far more about the reality than wherever your “gentle and passive” approach is coming from ]
1 Like
Life is established like that, if someone loses, then someone wins. There are very few moments in life that will not harm anyone and you feel good. There is no middle in most cases. Especially when it comes to money.
You are winning the broker’s money! How can it be unethical? Worst case scenario you just go bust. Just like you going to a casino, you make a wager and get paid off or get screwed in the face. Other speculator losing money is their own failing. This is not a zero sum game, at least not directly, indirectly maybe and is controversial. All kinds of job regardless of its nature should be respected. Everyone is having a hard time making a livelihood out there. So long the motives are not of causing hurt to another individual or of malicious intent.
It is very good that you are giving consideration to this issue. It is not wise to enter such a business unless you are entirely comfortable with it in principle.
I think there are two broad issues here for you to consider. Firstly, are you comfortable with the practice and concepts of trading and speculating in general . i.e. an ethical issue similar to environmental issues with investments. Or is this just a personal issue of the morality of taking money from someone else who didn’t want to lose it.
Regarding the industry as a whole, it is worth considering that there is a real foreign exchange market out there dominated by commercial, investment and banking entities. This is real and by no means a zero sum game. Market making and speculative investment in the real market provide the liquidity that allows our global economies to function and develop.
But the retail trader FX market through retail brokers (our market) is only really an add-on extension to that same market to the extent that positions/risk may or may not get laid off into it and that pricing follows it very closely.
So the ethical issues surrounding retail FX really relate more to the practices observed by the participants that form the retail market such the broker issues that appear on so many threads here. With regard to retail traders themselves, I think you can rest easy by understanding that they are as aware of the risks of losses as you are and are willing to take on that risk as part of the ambition to gain from trading. Also, the question of whether another trader can afford to lose his money is really a personal issue for that person and for his broker - you have no more control over that than you do over someone else deciding to drink and drive.
But the other, perhaps more relevant issue for you, is whether you have a personal moral issue with an activity that is very close to just speculative gambling. This is not an issue of who wins and who loses, rather, it is simply a question of whether you can accept gambling as a moral way to earn money.
Whichever way you look at both of these issues, i.e. the ethics ot this kind of industry as a whole or the morality of personal pseudo-gambling, I don’t think it changes anything whichever instrument you choose to trade, commodities, shares - or just money.
5 Likes
Very well put @anon46773462 - a lesson there for all of us.
“I only know trading currency is unethical, because you profit from other’s loss.”
That’s assuming that currency trading is a zero sum game. The biggest players in forex are large financial institutions who buy or sell currencies for their clients. If client X needs 10 mln euros, the bank is not interested in waiting to buy low to make a profit off a bunch of clueless retail forex traders, but just in getting the 10 mln euros. They could be buying at a peak, in the middle of an up leg or simply at the bottom. If I was exiting at the peak and took profit, does that make me unethical?
Further more, longer term traders enter trades in a wider range as they tend to have larger positions. It may seem like they’re taking a loss, but if their target is 750 pips away, they’re not. That buy at whatever price within their range is the profit of a scalper.
And then you have the clueless trader who places trades for sometimes undefinable reasons. They may make money and they may lose money. If you feel like throwing your money out the window, don’t call me unethical for finding it on the sidewalk and taking it.
Oh how familiar that sounds! 
Hate to think how many times I’ve said that to the face looking at me in the mirror!!!
1 Like