Tag Archives: is forex sin? January 18, · pm Is Forex – and most other financial trading – wrong or even maybe 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 and day trading are a zero sum game, even a Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or While Forex trading is azero sum game where the total gains must equal all the losses, it is also subjective because there are instances where a trader's gainneed not arise from the loss
What Is Forex Trading? Guide to Foreign Exchanges
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Lets begin with the statement of "one can is forex trade sin win at the expense of another". Would you not apply for a job knowing that if you succeed, other applicants will not? In any competition, is forex trade sin, there will be winners and there will be losers.
Moreover, in trading not gamblinglosers lose, not because another trader took from them and winners win, not because they took from a losing trader. A "trade" is a business transaction, where the buyer and the seller agree on the value of something exchanged, be it currencies, stocks, bonds, futures contracts, is forex trade sin, cars or houses etc. There is no disagreement between the buyer and the seller and there is nothing unethical about trading.
The fact is that the buying and selling of currencies is no difference from the trading of goods which we try to buy at a lower price and sell them off at a higher price to make a profit. you make profit a dirty word, Singapore dies What about " it is no difference from gambling and it is unproductive and wrong to do so ".
The difference between the Casino and the Forex market is that, most are games of chance in the Casino while it is about economy and a contest of strategy for the Forex market, is forex trade sin.
Another good way to differentiate trading from gambling is this: Imagine playing a game like blackjack and not having to put any money on the table until I have seen the dealer's cards, and then being able to risk as much or as little or even not at all. Furthermore, if I do decide to proceed, I can change my mind and withdraw is forex trade sin money off the table as long as the opening price that I set for buying or selling stop or limit order is not met - THAT'S TRADING!
In addition, I is forex trade sin the ability as a trader to increase my profits let my profits run whenever the odds are stacked in my favor and mitigate my losses cut my losses short when my decisions are wrong, is forex trade sin. All of us have to take some calculated risks in our transactions in order to achieve the potential rewards that we envisaged.
Forex trading is an essential economic activity. While Forex trading is a zero sum game where the total gains must equal all the losses, it is also subjective because there are instances where a trader's gain need not arise from the loss of another trader. Like any other legitimate businesses or professions whose goals are to make a profit for ourselves, trading is definitely not dishonest as we are not out to swindle others and not harmful if we don't treat it like gambling.
It is also unreasonable to approve the trading for profit of traditional goods and services but disapprove the trading of currencies, stocks and properties etc. Failing to do so will incur God's wrath, is forex trade sin. While some may interpret Psalm You will eat the fruit of your labor; blessings and prosperity will be yours as trading our time for money like those toiling a work day, I choose to make good use of my analytical and programming skills to automate my trading as well as for my traders to generate consistent incomes from the Forex market.
Automation increases our productivity and frees up time for us to do things that matter more to us than just hard work! In short, trading is a viable way to grow our wealth. Its goal is similar to investing in properties, stocks etc. or entrusting our money in the hands of fund managers to make better use of our spare cash.
Does financial trading serve any useful purpose, or are traders just parasites? Opinions are split, so we're just quote the Rosenthal report: "A basic freedom we have in virtue of living in a capitalistic country is that we are free to speculate on the movement of prices. This freedom does not require an additional justification, such as promoting the interest of commercials. All that is required is that the general public not be harmed and that the market place be organized according to fair rules and procedures.
In conclusion, there is nothing is forex trade sin with Forex trading if we treat the Forex market like any other market places where opportunities can be seized and risks can be mitigated. What gives Forex trading a bad connotation is when people treat the Forex market as a casino.
It's also my hope and prayer that through my trading and programming skills, I can be a blessing to others. Is Trading the same as Gambling? Why Forex? The Potentials of Automated Forex Trading. FXPRIMUS wins award for Most Trusted Broker at MENA Forex Expo, Dubai. Why just trade when you can also earn residual income and rebates for your trading? As an individual retail trader at FXPRIMUS, you experience a level of fund safety, trade execution and service quality that is normally reserved only for large, institutional investors.
We welcome you to now to enjoy the same advantages as the institutional trader s and expand your income potential while offering your referred clients one of the highest available is forex trade sin of service and support. Please ascertain your eligibility in your application and that the Referral ID is during your signup. Thank you. Automate your Profitable Trading for FREE? Would you like to trade with your very own EA? We have helped several of our traders to become more productive by automating their profitable trading rules for FREE.
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Refer Friends,Get RoboForm Everywhere Free. Can a Christian Is forex trade sin rade Forex? Lets begin with the statement of "one can only win at the expense of another" Would you not apply for a job knowing that is forex trade sin you succeed, other applicants will not?
The Forex market facilitates the proper functioning of global trades and market participants including spot traders contribute to the liquidity for the exchanges of currencies. International business transactions where currencies are required to be swapped will not be possible is forex trade sin the existence of an active FOReign EXchange market. Is it wrong to trade? A stricter interpretation of t he Holy Bible's 8th.
Commandment " You shall not steal " should include activities that cheat or harm to enrich oneself. Partner FXPrimus. Free Video Training and Tutorials Simply open a free Practice account or Live account and get free access to more than 40 video tutorials for beginners and advanced traders. OR Begin with a FREE Practice Account Today and it would be our pleasure to share knowledge and tips on trading and automation with you.
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Forex Trading for Beginners #3: When is the Best Time to Trade Forex by Rayner Teo
, time: 7:35Can a Christian trade Forex
Jun 17, · Forex, or the foreign exchange market where investors and institutions trade currencies, is the biggest financial market in the world. Around $ trillion trades each day on the forex markets Apr 11, · Cory Mitchell, CMT is the founder of blogger.com He has been a professional day and swing trader since Cory is an expert on stock, forex and futures price action trading Trading is a business, and like any other business it has risks. Trading, even when done in ignorance (which is the way that over 90% of traders approach it) is still not sin. Trading is wrong only when the person doing it is behaving foolishly instead of wisely. Foolishness is not immorality, nor is it blogger.comted Reading Time: 6 mins
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