This conversation was in 2007. In 2012 how do people regard Currency Market? Immoral or not?
This conversation was in 2007. In 2012 how do people regard Currency Market? Immoral or not?
OK, You know what.
Is Gender Immoral?
lol
Bill,Originally Posted by ;
I feel it isn't necessarily beneficial to consider every single action as being in one of two buckets: a ethical bucket and an immoral bucket. I agree that a few acts don't need to fall into bucket.
However, I think that the societal impact(s) of the activity go a long way at dertermining the morality of the activity if it is going to be categorized as one or another. I concur with you, a specific action does not necessarily have to meet a social function to be ethical - once I sneeze (an act ) I don't question the morality of it. Can I say that it is not immoral or to sneeze? No, that seems ridiculous to me.
On the contrary, the same activity in a different context may have quite a different social impact and makes the leap to being ethical or immoral. If I'm infected with ebola virus and intentionally invisibly into your mouth, this might be considered as an act of homicide (an immoral action ). A less extreme case is that my co-worker commiting an act that is immoral by coming to work with the flu infecting other folks?
What about sleeping? I believe that sleeping does serve a social function. How much do you think society would be if we were forced to get one or two hours of sleep? While sleeping definitely serves a biological purpose, I believe you could argue (as I'm doing) that this doesn't preclude it from having societal benefits and prices. Every night, getting hours of sleep can lead to wellness and better health. Becoming less can cause irratability and higher stress - precursors to disease. Can specific sleeping pattern possess a societal impact? I guess the best answer is that it might or might not, and I'll probably never know.
My point is that the issue of morality is not always cut-and-dry, black-and-white. I believe that for some actions it is appropriate and pertinent to examine their benefits and prices. Betting in particular. Trading less so. For a few activities, I believe that they don't justify such scrutiny .
My point in my posts over is to illue that the similarities in gambling and forex trading are usually only surface-deep. Lots of folks make the analogy between trading and gambling. Like all analogies, it shows like-ness or same-ness, it doesn't show truth. My posts were a reply to the remark of the initial poster that forex trading directly equated to gambling and on that premise he or she was questioning the morality of trading.
How can addressing the morality of trading never incorporate a detailed hash-through of its societal impacts? Remember, the original poster made a remark. . .everyone agrees to some degree that betting is similar to trading... Likewise, in responding to these comments, how can I not help but address the social consequences of gambling and how they are not in any way like the societal impacts of trading?
It was upon that premise which I reasoned trading is NOT immoral. I'm at a loss as to how to respond to the morality issue in post #1 without paying heed to its societal costs and benefits. So I'm overlooking something, but I stand by my arguement that trading and gambling's functions are quite relevant in determining their morality - and so you and I disagree on that specific point. I'm not prepared to so concretely assert that your habits require a moral or immoral handle, and that I appreciated the case!!
Thank you for your comments, you gave me a fantastic chance to reason out things and think critically now. I hope that my post has the exact same impact for you. Good trading!
-=DAVE=-
You should think of Currency Market like any competitive sports. For every winning group, there is a losing group. The winners get the cheers, the glory and the bragging rights except in sports, money isn't the main issue. The losers get the boos and the chicks. So do you think playing sports is wrong since in order for one team to win, the group must lose?
I dont know whether Forex is immoral or not, but digging the fat chicks sure is!
From where I sit acting or being immorally is a decision that is religious. Is not that an oxymoron? When band or one individual states it's immoral and yet another one doesn't who's right? This reminds me of nun's' group in Texas who are currently praying to win though god takes sides. Even though it does seem like the Spurs are going to perform a clean sweep maybe he put a couple of dollars on the collection.
Who is the paedophile, you or Fritz?
Do you have the right to penalize what you cannot understand?
That is one of the most misconstrued questions I've been asked in a few decades. My hunch is that I understand.
that's a good idea....
There is a few simmilarity between Trading and Gender....
Once the transaction is closed in profit, you want to open more...
I think many FX traders look at the whole market in a manner.
There is more to FX compared to agreeing. I.e buy a currency to sell at a favorable price.
International exchange has FX as is backbone.
A Japanese investor wanting to commit his countless UK for 5 years will probably care less if GBP/JPY reaches 1.9600 or even 1.9900. Reason being after the years, he will have made much more. But this sounds like a kill to retail FX trader.
Point is there's more to FX than retail trading.
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