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

We can certainly agree on that one! :slight_smile:

Thanks for the inspiring conversation - it was an interesting and thought-provoking subject - and that is never time wasted! :slight_smile:

What a prejudice. What does it matter which religion are you, you either trade on Forex or you don’t. You can make it or not reall but that absolutely doesn’t depend on your religion. Unless some religion prohibits to speculate the currencey at all.

Am not here to argue or to tell anyone that this is bad or that is good…to begin with what is truth and error is that…am a Christian and a son of Prophet T.B. Joshua, firstly, am a good forex trader and as a good forex trader, i can express my own life for this just to tell anyone that forex trading is not a gamble or betting or as the writer says “relocation of funds” forex simply means foreign exchange, if forex is truly gambling or betting, then you will agree with me that those who change dollar to euro or pounds physically are also gamblers and betters…anyone who trades forex and makes living with it will strongly agrees with me that there are rules in forex and if u abide by those rules you will smile to the bank and if you don’t abide by those rules…one will cry to the bank, now forex trading can either profit you or make you loose money depending on how you control the wheel and how this often leads to the greediness many has for quick money schemes which eventually makes them to loose their earnings/capital, when you trade with cautions and minimizes risk to the lowest, you will make a living although this may take awhile but if you are not patient enough to learn what it takes to trade in the most dangerous markets in the world, its most likely one will loose and starts looking for alternative business.

Bottom line is that, when you trade with no caution, minimizes risk, know what you are trading and the risked involved, knowing the fundamentals and analyzing then its most likely one is gambling and when you loose money, never complain or paint the business black when its not black, every forex brokers warns of great risk and many usually ignore this warnings until they loose money.

my life is forex, i have built my house with forex money, buy cars with forex money, these money i didn’t carry gun and collect it from someone, i simply fished for these money with a lot of tools which i know many are not patient enough to learn, God bless the day i was introduced to forex.

For those who are honestly and passionate to learn please read below articles I’ve sent through links

GOD’S TEACHINGS

what is speculation
https://eagletraders.com/forex_trading/forex_speculating_investing.php

EGW
https://m.egwwritings.org/en/book/428.196#247

Testimonies for the Church Volume Nine : Page 11

http://www.gilead.net/egw/books/testimonies/Testimonies_for_the_Church_Volume_Nine/index.htm?http&url=www.gilead.net/egw/books/testimonies/Testimonies_for_the_Church_Volume_Nine/2_For_the_Coming_of_the_King.htm

Don’t find difficult to leave if you are being touched as myself it did to me. This is not God way, let us God what is best for us to make living.
Thanks in Advance

HI @Augustinoi.
It is always refreshing to hear a different slant on our industry, but I must admit I would have preferred to read it in your own words, from your heart (which was touched by this). But never mind, the thoughts in the links are, I guess, what you wish to share anyway! :smiley:

It is never a bad thing for us to stand back and reflect on what and why we are doing what we do!

One question I would throw at you now regarding the issue of speculation v. investment. I have assumed that you are saying that speculation is wrong but investment is ok, Is that so?

If so, then let’s assume I put $10000 into a trading account and start day-trading on margin. This is bad according to your links because I am speculating, right?

OK, so I decide to approach this in a different way and investment my $10000 into a PAMM account or such like and leave the day-trading to someone else to do on my behalf - and I earn a regular income from that. Is this still bad even though it is now an investment from my point of view?

We all hope one day to receive a guaranteed and regular pension to take care of ourselves and our loved ones once we are no longer able to work for ourselves. But those pension funds that take care of our pension contributions use a number of approaches to both optimise and protect our funds - some of these approaches are speculative - which bits are bad and which are good?

And if we feel that our pension is unlikely to be sufficient to take care of our families for whatever reason, is it then wrong to build one’s own capital via trading to supplement a poor pension that would otherwise make us dependent on others to carry us instead ?

Is not the issue more a question of money for money’s sake v. money for the sake of love?

Just some thoughts!

I am glad I am not the only one who thinks this way. I am young. Female (22) and I announce my belief in the Righteous Lord christ Jesus and The father Elohim.

“Love not the world, neither the things that are in the world. If any man love the world, the love of the Father is not in him. For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world. And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever. 1 John Chapter 2 Verse 15-17”

God Bless you for saying this. May Elohim’s will continue to be done In your life.

Yes, but are you trading forex? Whatever your decision, how do you justify it in terms of your religious beliefs?

Before making any move, make sure that you know what you are doing. Otherwise, your decisions can prove to be fatal.

People should really understand forex,it’s not gambling and that’s why some are better than many…you need thorough training.Ecclesiastes 11:1-2 GNB

Invest your money in foreign trade, and one of these days you will make a profit. Put your investments in several places — many places, in fact — because you never know what kind of bad luck you are going to have in this world.The will of God is for us to prosper and have life more abundantly.So people should not be deceived.

True. Better safe than sorry.

Indeed! KNowing exactly what we are doing here, and more importantly why we are doing it, is one question every trader should know about. Doing things aimlessly here, without any plan wouldn’t fetch us anything.