Is Trading FX A Noble Profession?
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Thread: Is Trading FX A Noble Profession?

  1. #1
    I would like some people perspectives on it I think it is a result of the risk management and plogical facets of it and reveals bravery.

  2. #2
    Quote Originally Posted by ;
    I'd like some folks views on it I think it's due to the risk management and plogical facets of it and shows bravery.
    Do you really trade for a pfofession? If not why asking asking about somthing you may never do. Better to concentrate on getting there first right?

  3. #3
    What is a profession anyhow?

    A lot of physicians get into ne for the money...

    Authorities could be corrupt, and misuse ability...

    In the US, well before most municipalities took over fire fighting from personal fire insurance companies, most fire fighters were a part of companies that would gladly watch a house burn down when the individual wasn't paying their protection premiums....

    A noble individual, initially, makes a noble profession. Motive is everything.

    Do I think trading (in general) can be a noble profession? Sure. So you're trading with market participants who want to conduct business with you in the current fair market price. It is not any different than merchants trading goods between market centres in which a profit could be made. . It is only done faster and I don't need to travel twelve million kilometers to trade with somebody.

    Are there non-noble traders? Absolutely.

  4. #4
    @ smittens4212

    I concur, but that is ignoring the matter of whether you believe trading for a noble job. I am sure there are lots of drug traders, pimps, warlords, and also other various nefarious occupations who enjoy what they do and also earn a lot of money from it (and don't care what people think, to boot!)

    I don't care whether it's noble or not (for you). Why did you bring jobs that are criminal up? Is Forex illegal in your country?

    I don't think I've seen anyone here say that being a professional trader (of any type, whether it's for a company or independent) is not a respectable career. Then again it is whether trading is noble. Working as a bank teller may be respectable, but there is nothing particularly noble about it.

    I'm uncertain what it is you are attempting to achieve here. All these noble jobs argument is subjective. Debate isn't cared for by me.

    You stated there is nothing noble about being a bank teller? A garbage collector should not care whether what people think about him or his occupation. He's doing people a service by collecting rubbish for non earning. However, it is an important job. What would your road be like without individuals? To me, every job the government has to offer is noble. The people who perform these jobs give rise to the well being of a society. They should be proud of their occupation and who they are. This is my idea of true nobility.

  5. #5
    I don't feel that trading is by itself noble. But just like a few pointed out already, you can do things with your money. And when trading functions as the vehicle for producing those things a reality. Like said, I don't care if anyone, family and friends included, think it's a bad way to make money, or you don't contribute to society by trading, since if you own lots of money, you can donate in much larger ways. All anyone contributes to in many jobs will be lining your boss's pockets, unless you are an ER doc, firefighter, etc.. I had been an Air Force firefighter. I contributed, in the traditional sense. But I do plan on starting a charity when I get to 7 figures, so I'll contribute. I would like to assist families in need, young folks on the path that is wrong, and only parents.

  6. #6
    Quote Originally Posted by ;
    there is a job available I haven't taken for anyone wants it. I don't want it becasue it's not really worth my time.
    lol! thanks?

  7. #7
    The overall people simply don't know how significant us traders are.

    We offer the price.

    That's as commendable as it can get. Nobody wants to provide a price. We take the risk so that the market can proceed. We penalize misbehaving/underperforming countries/stocks etc..

    Without us the world will be in a standstill. I consider that as noble as there is a policeman noble.

  8. #8
    Quote Originally Posted by ;
    a homies gotta consume... I joke

    nah. . In all honesty I find it will get a bad wrap and generally not considered noble with the general population because they get up to perform in the morning and that I make more than they create in their day till they are still at the shower. That's gonna piss anybody off, then there's all the bad stuff from the media.

    But dam I went through hell to get to this stage I sacrificed the best years of my life, I accept I add nothing to society but liquidity to the markets (occasionally ) and I guess I pay taxes as well but sh*t...
    If you're a professional irrespective of discipline, you need to be well respected by men and women. It implies you are good at something'not many' people are great at or trained to do well in. Should you trade and you're consistently successfully, that is something to be proud of, since you belong to the minority of traders who really make money from the market. Professional traders take pride in that and should be well respected by all.

    In case you really do feel the need to contribute to the society as a trader. You are able to consider handling fund for individuals, train individuals to exchange well, write transaction books and so forth. You will acquire extra income for doing all that. There are so many potential career paths that can be obtained from being a trader.

  9. #9
    At the end I believe it all boils down to personal beliefs and views.

    Let's say that you are a professional trader, when someone asks you what you do for a living, do you really feel ashamed to say you are a trader? If I were trading full-time, I would say it with honor. Don't care if people don't think that it's noble. Other individuals don't allow me to pay my bills or help me buy my new Mercedes. As for when I believe if it's not or noble, like I said earlier, as long as you provide for your familiy in a manner that is lawful and unharmful to the others , then I consider it a occupation.

    In the long run, who gives a f.. . What someone else thinks?

  10. #10
    I am glad the circle-jerk of nobility has lasted with still no one capable to apply a reason that trading should be considered noble.

    What jobs you consider to be noble is definitely subjective, but the definition of noble isn't.

    Here are the two major arguments so far...

    (1)Trading can give you funds which you may use for noble ends, and you will be taxed and are therefore contributing to society.

    Irrelevant. Any job can provide you which you may use for ends that are noble, and also any occupation on the novels are also taxed and contribute to society. This doesn't make it a profession.

    (2)You are a'professional' and perform a respected occupation, you are better than other men and women who can't perform your job.

    Irrelevant, again. This suggests that any profession is noble, which certainly doesn't fit in with noble's definition.

    Quote Originally Posted by ;
    The overall individuals simply don't understand how important us traders are.

    We offer the price.

    That is as noble as it can get. Nobody needs to extend a price. We consider the risk that the economy can move. We penalize misbehaving/underperforming countries/stocks etc..

    Without us the planet will probably be in a standstill. I consider that as noble as a policeman is noble.
    Markets don't need speculators to operate. Many will make the debate that market speculation is a thing that is poor, so that I don't think you are convincing anyone about that. It's not like the market for milk would disappear just because there were not any traders, nor would the FX market.

    Quote Originally Posted by ;
    You stated there is nothing noble about being a bank teller? A garbage collector shouldn't care whether what people consider his occupation or him. He's currently doing people a service by collecting rubbish for earning. It is an important endeavor. What would your street be like without individuals collecting rubbish? For me is noble. Contribute to the well being of a society. They should be proud of their occupation and who they are. This is my thought of true nobility.
    OK, now you are on to something. By your own statement you've defined trading as not noble. Trading doesn't provide a essential service to society, nor does it bring about society's well-being. See what I did there? Isn't this fun. Now use your definition over and attempt to work in trading as a noble profession... won't happen.

    Quote Originally Posted by ;
    in the end, who gives a f.. . What somebody thinks?
    Clearly every single person in this thread employing any justifiion potential to warrant their (possible ) task to themselves.

    Men, it is A-OK that trading isn't noble. That doesn't make it bad! You don't need to perform loops and use your own definitions that you feel much better about yourselves.

    Quote Originally Posted by ;
    What is a noble profession anyway?

    A lot of physicians get into ne for the cash...
    Médecins Sans Frontières

    Quote Originally Posted by ;
    Médecins Sans Frontières (MSF) is a secular humanitarian-aid non-governmental organization best known for its endeavors in war-torn areas and developing countries facing endemic diseases. In 2007 over 26,000, largely local, physicians, nurses and other professionals, logistical specialists, water and sanitation engineers and adminiors supplied aid in over 60 countries. Médecins Sans Frontières was created in 1971 by a small group of French physicians and journalists in the wake of the Biafra secession, who believed that all individuals have the right to medical care regardless of race, religion, creed or political affiliation, and that the requirements of these people today outweigh respect for national borders.
    Being able to become among the highest earners in the world (doctor), and choosing to forego the relaxation of the initial world in order to offer ne for people in war-torn and poverty-stricken loions? Noble. Compare that to clicking a few buttons, sitting in the comfort of your home and office, and earning more money in a day than most will see in a year.

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