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Can a Christian Trade Forex?

Someone argued that in Forex trading, one can only win at the expense of another and hence, it is no difference from gambling and it is unproductive and wrong to do so.

Lets begin with the statement of "one can only 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, there will be winners and there will be losers.

Moreover, in trading (not gambling), losers 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, 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...
- The Late Mr Lee Kuan Yew, Founding Father of Modern Singapore

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.
Unlike the gambler who has no control of the process and outcome of the game of chance, the trader can rely on price patterns, fundamental and technical analysis to decide on the opening and closing of a position with a probability of winning in his/her favor.

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 my 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 have 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.

Hence, a prudent trader is more like an astute businessman or for that matter anyone who has the seriousness to make and control buying/selling decisions.
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.

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 without the existence of an active FOReign EXchange market.

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.

For example Trader I bought from Trader U, Singapore dollars and sold the S$ later for a profit after the S$ has appreciated in value.
Similarly, Trader U could also profit from the exchange had he bought the S$ at a lower price before he sold it to Trader I for a profit.

Is it wrong to trade?

A stricter interpretation of the Holy Bible's 8th. Commandment "You shall not steal" should include activities that cheat or harm to enrich oneself.

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.

In the Parable of the Talents (Matthew 25:14-30; Luke 19:12-28), we are to make good use of our God given abilities/money to achieve a positive return on our investment of time and resources. Failing to do so will incur God's wrath.

While some may interpret Psalm 128:2 You will eat the fruit of your labor; blessings and prosperity will be yours as trading our time for money like those toiling a 9-5 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!

Why Forex?

Due to its low cost of entry as compared to traditional businesses which require high capital and on-going expenditures, the spot Forex market offers a viable option to the retrenched/retired to learn a valuable skill and make better use of their money to work for them instead of them working for the money.

Some of us who are astute in Forex trading can also choose it as a respectable profession to make a sustainable living out of this $5 trillion a day economic activity. 

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 1976 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 wrong 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

 


Partner FXPrimus

FXPRIMUS wins award for Most Trusted Broker at MENA 2015 Forex Expo, Dubai.

Why just trade when you can also earn residual income and rebates for your trading?

Increasing number of Individuals, Corporate Traders, Money Managers and Website Owners have already opted to become our traders and our partners in this $5 trillion daily turnover Forex market. 
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 traders and expand your income potential while offering your referred clients one of the highest available level of service and support.
Please ascertain your eligibility in your application and that the Referral ID is 374 during your signup. Thank you.

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