Do you feel guilty because of your profits?

Well said cat.

Meow...

No, I don´t.

Should the guy/woman winning Olympics feel guilty as at last one person would have won gold medal if he/she didn´t?

Besides most of the money out there on FX market ain´t retail traders money.

I feel as much guilt as I would if I opened up a shop, a restaurant or any other form of business.

It stands to reason that if you're doing well in your business, unless you have a totally unique business that it creating it's own demand, someone else is losing. people are choosing to spend in your shop or restaurant and not your competitors, they will see this on their P&L. It doesn't mean that they will go out of business, they may just suffer less profits. Some will go out of business too but is that your fault or theirs?

When you win a trade, in theory someone else loses (but it's actually far, far less black and white as that) but they also will not necessarily go out of business (blow their account) because you are winning. It's not the same person you're beating time and again for a start. If another trader does indeed blow his life savings whilst you win, is it your fault for being good or his fault for being poor?

The truth of the matter is that ALL retail traders are up against the major financial institutions and not against one another. That's what makes forums like this tick. We know that we are not dipping into each other's pockets but those of the major banks and trading houses. Will they notice? Never. Do they care about us? Of course not. Should we feel any guilt about them if we do affect their profit potential? After the last 4 years? You kidding me?

Free your mind, quash your guilt and enjoy your profits if you are one of the lucky few to make them with regularity.

Well no i don't feel guilty because i earned it. I want to keep it! It's mine .

So, the next question in your mind should come "how to keep my profits?"

Well the answer to that question is:
Speculate the market with demo account after making profits in real, and as you realize forex is all about time and decisions. So, you should use pending orders after making profits, because sometimes market changes trend direction direction or could start going sideways (usually when the market is over bought or oversold), use fibonacci swing points or fibonacci extensions to see when you can re-enter again using pending orders. That will help you make more profit and save your current made profit, if you choose to go in one direction like a buy.

If your an experienced trader and know exactly when to go against the trend or know when to become a bear , than you could try first in practice mode or demo. To see if your plan or strategy works first, and in the mean time you can also hold that pending position in real for a buy.

So, in the long run you can become the greedy forex trader and beat the greedy market that loves to eat peoples money.

Thanks all for the replies, actually i stopped feeling guilty!
As somebody said, for some time i did forget my hundreds of thousands hours spent looking charts and having a solitary life while the world was enjoying life lol

But ok, my guilty actually was not about for the traders who loose (thinking that for every usd of profit somebody have a usd of loss, but actually i'm not really sure about this and anyway i don't care at all). My guilty was coming just by going around places and seeing the "normal" people who most of them have a job that don't really like, work everyday for the most part of the day, and at the end of the month just have a shit salary or even worst people who don't have a job and don't have money at all. Just being surrounded by this situations i used to feel guilt about the way we traders make money, but ok i just remember all the hard work i've put and i continue to put from many years, so ok actually i think traders are good for society as we provide money to government (taxes) and spend money to the local societies too.

So, happy christmas, and happy new year, see you in 2012!