Is Trading FX A Noble Profession?

I would like some people views on it personally I think it is due to the risk management and psychological aspects of it and shows bravery.

Many would say no, it is not, because it really doesn't provide a service or product that helps the community or our fellow citizens. A doctor saves lives. A mechanic repairs cars. A baker provides fresh bread and eggs. A trader taking profit from the market benefits only himself. That profit is someone else's loss. He does not provide a product or service to anyone.

To create balance I run another business that provides a great product to thousands of people and I run that business at breakeven or at a small loss most years.

a trader serves the market in providing liquidity ...just a joke lol

Trading can offer an entrepreneur a means to raise capital in the market to create or run his/her own business. Trading may not offer a product or service but indirectly build businesses that hire the doctors, mechanics, and bakers.

Heck, even if I didn't want to create a business and kept my profits for my yachts, private jets, and mansions, the money flow would return back to those who built them (albeit most profits would probably go to the capitalists/owners of the businesses and the rest to the workers)

I consider trading to be one of the more honest and honorable professions out there. Traders put their neck and their money on the line every single day, and yes that takes balls and is extremely hard work....the money is earned. They aren't trying to rip anyone off or steal their money. If another trader loses money because I made money, I don't feel bad. He understood the risks involved and accepted them, and so did I. There is no deception or trickery involved, unlike many other professions and business practices.

its a noble profession. do you know how many people's lives are affected with the few dollars i make a month. if you live in a country where the average workers salary is less than $300, you will appreciate FX better. i sit in my trading room, click my mouse, 4-8hrs later, i have made twice what i would have made a month working. moreover, i dont have a boss, it just me and my PC against the world. So, i like to describe myself as "an honourable businessman who deals on foreign currency"

I don't see trading FX as a profession as noble as medicine and others, but I don't see anything morally wrong with it. I mean, maybe traders don't produce anything usefull for the society - just "providing liquidity to the market", maybe - but everyone there that lose money is aware about the risks, it's not like stealing.

Well, if compared to drug dealing, robbery and illegal arms smuggling, then yes, it's more noble than those career paths. It is essentially seen as a form of gambling though, by many outsiders. Having said that it's no different to investing in stocks. Trading forex doesn't harm anyone or damage rainforests or pollute the air or force business and homes to relocate or wipe put species of tiger. It is however, quite a selfish job in my opinion.

if someone can make a living by trading currencies instead of making a living in the job market then that is one more job in the job market for someone else to make their living from.

making a living trading currencies = being self sufficient which means not having to sponge off the government if you can't find a job in the job market, which seems to be more common these days than it used to be. if you are making money from trading FX then you can be a tax payer instead of living off of the taxes paid by other people.

I would call that NOBLE wouldn't you?

The purpose of jobs is to offer a service or product and make money for said service. Traders make money, teachers make money, as do policemen and firefighters, and other professions commonly called noble.

The difference between trading and the other jobs listed above is that while they all make money, trading is about using money ("offering liquidity" if you want to call it a service) to make more money. Firefighting is about offering a very beneficial service to society, and making money for offering that service.

I don't think trading is inherently bad or good, but there's certainly nothing inherently moral about it. That doesn't make you a bad person, so rest easy, and yes, as a trader you may even be able to make a very positive impact on the world around you with your winnings, but don't be fooled-- nothing (or very, very little: offering liquidity) noble about using money to make money, at least when compared to the traditional 'noble' occupations.

If I take money from the market, some of it may come from other traders around the world, and I bring that money home to my own community.

If the money I take comes from banks or Central banks, then I have done a solid service to myself and I rejoice at playing their game against them.

.... And then I bring the money home to my own family and community.

If that is wrong, then it's a cruel fu@king world and everything about it is wrong.

A trader is the ultimate entrepreneur (risk-taker). For me that is the greatest job description on the planet.

To those answering that being a trader is the "ultimate entrepreneur", is professional gambling noble? The only practical difference between gambling and trading is that one person uses money to make money in a game, the other uses money to make money in a market. Neither are providing anything other than the liquidity of their own money to enhance the function of said game or market.

Making money in and of itself is not noble, nor is it ignoble. And while it may fit in the literal definition of courageous (the ability to do something that frightens one), I think few would agree that risking money to make money is courageous at all, or at least courageous in the moral sense. Are lottery ticket players courageous?

OP should've provided a definition of noble. It's a pretty far stretch to say that trading shows high moral character. I doubt any of us got into trading because we thought it made the world a better place.

no·ble
adj. no·bler, no·blest
1. Possessing hereditary rank in a political system or social class derived from a feudalistic stage of a country's development.
2.a. Having or showing qualities of high moral character, such as courage, generosity, or honor: a noble spirit.
b. Proceeding from or indicative of such a character; showing magnanimity: "What poor an instrument/May do a noble deed!" (Shakespeare).
3. Grand and stately in appearance; majestic: "a mighty Spanish chestnut, bare now of leaves, but in summer a noble tree" (Richard Jeffries).
4. Chemistry Inactive or inert.

smittens,
thanks for giving us a definition of the word "noble". all the same, i wouldnt call what i do for a living "professional gambling". come on, gambling connotes something without rules, betting on a chance event. FX is not a game of chance. it is a game of patience. patterns repeat themselves, though, it may not be on the same currency and on the same time frame.

I agree with being an entrepreneur and trading to start a business. Trading hasn't necessarily helped start my business but I do own my own clothing line and I use forex as a means to help capitalize my business. Indirectly.. I am still self employed and work hard at what I do.

I design all the graphics and coded my entire website without the help of school. Just me and a computer.

Everything you want to learn is online you just need to find it..

this business is not easy and only the strong will survive. Cheers

Hi all,


Trading FX is as noble as any other investments. Plus, It produces taxes, and wealth that is going to be spread around...

Best regards,
Hatzerim

yes it is. As well as being a professional poker player. As long as you can provide for your family in a legal manner and you don't hurt/harm other people in the making, there is absolutely nothing wrong with it. In the end it's all about you and your family.

now regarding the term: noble. Let's face it, everyone is in their job for their money (ok, well most anyway). A noble job is in my opinion a job in which you don't get paid(only are assured meals+bed) and help others, like those volunteering in Africa &etc

Forex trading is a Noble Profession for me as it also needs, money, preparation, strategies, risk taking abilities as well.

I don't think it's a noble profession. I think only degenrates and losers trade FX (except me).

Noble?

We provide the most important thing in the world. "The price". Without us, nobody else would be willing to take a risk and provide a market. There will be no trade. Anarchy will be the norm.

SO yes, it is a noble profession.