The bitter truth: forex trading is for the worldly & not for Christians

It would be much more constructive if time was spent looking at some trading methods and ideas instead of arguing over pointless topics like this.

Dedocwhatever, the only thing that is winning is your inflated sense of I told you so. It aint gonna pay the bills nor feed the kids.

Get on with the program.

You can create an edge in the market. Thereby allowing you to control the ultimate result given an infinite amount of opportunities.

Betting and gambling are not the same thing. If you ever purchased insurance, you are placing a wager of an outcome. That doesn’t constitute gambling.

Besides all that, I see nothing wrong with a Christian gambling. Can it lead to sinful acts? Sure, but so can anything else.

It’s what’s in the heart.

I can hit a slot machine and play purely for the entertainment value than to actually believe I will hit a jackpot.

And yes, there is an entertainment value as most slots are damn near video games these days.

I agree and think we should follow every written word in the bible.

The old testament is an absolute favourite of mine, I normally alternate between it and Harry potter! But got to give some love to the new testament too. Here’s a classic one liner from JC himself:

“If anyone comes to me and does not hate his father and mother, his wife and children, his brothers and sisters—yes, even his own life—he cannot be my disciple.”

And that kids is why I hate everyone :wink:

Come on guys, please stop this. I don’t understand why the moderators just glaze over your highly offensive posts but yet they respond lightning fast when it comes to posts about ICT. This last post is particularly offensive. Clearly the “report post” function does not work when it comes to making fun of another’s religion.

I wasn’t making fun of Christianity, I was making fun of fundamentalists who believe that following the bible’s every word is more important than the core beliefs and ideas behind the written text.

Sorry if you took offence.

Bitters

You are taking it out of context. Translations can’t always translate perfectly . I more accurate way would be to say, love less.

Jesus was saying in the context provided and translated to our understanding that if you were to leave your father and mother and essentially give up your life to follow him around for a couple years, it required a certain amount of dedication.

Context is everything.

I could say that was straight dope, bro. But I’m not introducing heterosexual or vertically aligned narcotics to someone who was my mother’s other son.

wow people, you have a lot of free time to waste :eek:

Every time you cross the street at the stop light, you take a bet that the guy in a Range Rover wont accidentally step his foot on a gas pedal and kill you dead. As a Christian, why are you voluntarily willing to gamble your mortal life away?? Why not bunker yourself at home and just survive on pizza and that 24/7 replay of Club 700 thats so good for the soul??

Your dullard try to proselytize on a financial forum offends good taste. That’s all.

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Agreed, translations from Hebrew to Greek to English are not perfect, neither are interpretations of history ex post facto.

However, this is essentially my point (perhaps better explained in my response @Puremuscle), if you take every word or even every sentence from the bible for its literal meaning, you will end up with some very conflicting passages and overall message.

Its better to take the overall meaning behind the entire text as a whole. - in my humble opinion.

Now for the OP: “The lot is cast in the lap, but its every decision is from the Lord.” - sounds like them apostles were taking a punt! or gambling… :wink:

Oh and the good book does not mention gambling explicitly anywhere in the text. It is our interpretation of scripture that suggests easy money, and the goal of money is is bad, whereas been poor is good.

Personally, I have yet to find any “easy” money trading forex…

I agree with this man!

If you think forex trading is sinful, why would Jesus Himself told a parable about trading gold? Matthew 25:14-30. Gold was a currency in those days though.

Interesting question! :smiley:
Just right for poor old Simple Simon!

I don’t think the idea behind this tale is that the servants would take the money (gold) and speculate with it in a casino type environment.

It this sense, “trading” meant using the assets with the skills that the servant possessed in order to achieve a gain with it through doing business with them. The gold was distributed to each servant in an amount equal to their relative skills and abilities.

Naturally, this is really a parable about how people should use the gifts and talents that have been “given” in order to go and do the work of the “owner” of these assets.

But we can equally apply the same lesson to our own trading. There are certainly skills and experience that we develop as we go and we should only be trading within the scope of those skills. To do anything else would be paramount to gambling and risking losses on behalf of the owner of those assets…i.e. ourselves! :smiley:

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Matthew 25: 26-27
26 “His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? 27 Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.

Jesus clearly talks about investing / trading.

I think one has to be careful in drawing conclusions from bible text that one always looks at the context and not just the literal sense.

In particular, Jesus apparently often used parables to illustrate an underlying concept. He did this because he was talking to simple, mostly illiterate, folk with only a narrow experience of life. Therefore he drew pictures using analogies with matters familiar to these people such as vineyards, cattle, fig trees and so on.

He was not actually, literally, talking about investing/trading, he was talking to his disciples about carrying out his spiritual work on his behalf while he, himself, would be away. But he uses an analogy of earthly wealth being utilised for gain in preference to being just “placed under the mattress” because this is something that everyday people could relate to - and one method of utilising surplus wealth in those days, and it still is, was to place it on loan and gain interest on it.

To stretch this parable so far as to claim it also justifies trading in our sense of the word requires quite a lot of mental strength!

For one thing, the servant is using his master’s funds and not his own money.

Also, it is clear the master is referring to the equivalent risk of a bank deposit where a return is relatively certain, albeit modest. (although I doubt if the security of deposits with money-lenders in those times was as secure as banks nowadays!)

So, although the parable refers to investing it is not actually about investing and I really don’t think it stretches to speculative trading where the entire sum could be blown away!

I can’t help wondering what the master would have replied if the last servant had said, “Master I bet the entire sum on a risky venture. I could have made a thousand times return but instead I lost it all”

Maybe the master may have replied something like, “You should have just buried my money in the ground instead, at least I would still have my capital!” :slight_smile:

If we use this parable to justify speculative trading then maybe the phrase, “give to Ceasar what is Ceaser’s” can equally be used to justify tax-havens and offshore centres to minimise tax liabilities and reduce government revenues, even within those countries where profits have originally been made - in spite of any ethical or moral considerations?

Oh, and one more thing, if one looks at the same story in Luke 11-27, should we also take literally the command given in v.27 regarding anyone who opposes trading? :smiley:

Interesting thread to choose for a Ressurrection. :slight_smile:

Gambling ? - For something over 95% , it is gambling. For something Less than 5% it could conceiveably be called something else.

On-line Poker is a similar situation I believe.

As to what that has to do with individual faiths or sub-faiths, I have no idea

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For me, just an interesting change from the usual grind of broker issues, failure rates, trading with peanuts, and personal ego trips :smiley:

Whether anyone actually seriously relates this to a faith issue is another matter, but I am sure there are those who do - for example, the issue of interest earnings?

Afterall the two main issues to guarantee emotive discussion are surely money and religion! …but putting the two together in one thread? hmm I expect to see nonchalence rather than an “almighty” explosion!!! :smiley:

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Well, I’m not taking the verse literally. Far from taking forex trading as a “business recommendation” by Jesus Himself. That’s too much. I know it’s a parable. It is just, if trading forex is a sin, then Jesus wouldn’t even take it as a parablein comparison with the Kingdom of Heaven. That is something big though. The whole Bible itself talks about the Kingdom of Heaven. Why would Jesus takes trading gold as parable to something crucial if it is a sin?

I think the meaning of taking profit at the expense of another is more like being a Market Maker broker. We all know our losses are market maker’s profit if you’re trading with them.

But that is the whole point here - he is not talking about “trading forex”, he is taking about depositing someone else’s money into a passive, interest-bearing depository, which is an entirely different thing. And in that sense I would agree that JC had nothing against the principle of a banking system.

But this parable is irrelevant as a specific comment about trading forex with your own money as a speculative business. (I am not commenting here on whether trading is Christian or not, just that this parable is not relevant to that particular issue.)

Edit: Just had a thought here (a bit tongue in cheek, though!):

The point behind this parable is really all about missionary work, where some (the workers) sow the seed and the master reaps the harvest.

So if we wish to relate that to the world of trading, we could say that the brokers are indeed on the right side since they use the capital that their lenders and shareholders have entrusted to them to make them profits from the traders that they have recruited. And if the brokers are ok then surely their customers are as well!!! :smiley: :smiley:

Silly really, but, well, it is a boring Monday,

Well then if that is so then let it be. lol!