Today I obseved that Babypips used DICE as an image for their website favicon logo which strongly send the message that forex trading is BETTING, GAMBLING, PROBABILITY, SPECULATING, WASTAGE, E.T.C which is very far from being a LEGITIMATE and VALUABLE BUSINESS. The below article has revealed the untold truth about forex trading.
Is Forex and most other financial trading wrong or sinful for Christians?
I have stopped trading Forex altogether because I have developed serious ethical problems as a Christian with it.
Most types of financial trading are a zero sum game, even a negative sum game. It produces NOTHING of value, no goods or services, and no wealth is created like in Stock Trading. The net change in total wealth among traders is zero at the end of the day (sometimes even less!) - the wealth is just SHIFTED from one trader to another! (Reallocation of wealth.)
It is far too close to gambling for me (some skill, a lot of chance), and you make gains ONLY at another’s expense! Jesus said that we should love our neighbor as we love ourselves. How can you do that when you profit only at somebody else’s expense? It is a violation of Jesus’ most basic commandment for humanity. And to give to worthy causes from Forex earnings may be great, but the end never justifies the means! I personally consider Forex now essentially a form of legalized stealing and robbery. The experienced Forex trader is committed to “fleecing” those who are inexperienced!
Don’t pray and ask God to help you with your financial trading - he won’t! Don’t be deceived.
An agnostic has even said: “In Forex you’re not doing any useful work, and you’re hoping to make a lot of money from it, right? Isn’t this really like stealing from the public? You’re hoping to get a lot of money from moving currencies around, and you’re not giving the world anything in return - except moving some currencies around. I think that’s just like theft.”
Think carefully about what I have said. I don’t know if anybody can convince me otherwise/refute my arguments?
Yes stock market is a zero sum game too
Remember Jesus teaches about worldliness and the lust of the eyes and all those who practice such can never inherit eternal life.