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Is Trading FX A Noble Profession?

  • #21
  • Jan 31, 2012 3:45am Jan 31, 2012 3:45am
Quoting 2+2=4ex
I don't think it's a noble profession. I think only degenrates and losers trade FX (except me).
well then thank God for the losers and degenerates
Twitter: @forexpokerpro
  • #22
  • Jan 31, 2012 4:59am Jan 31, 2012 4:59am
Quoting 2+2=4ex
I don't think it's a noble profession. I think only degenrates and losers trade FX (except me).
haha thats funny,
  • #23
  • Jan 31, 2012 5:18am Jan 31, 2012 5:18am
If you enjoy trading and you are trading profitably, I don't think you should care about what people says.
'For the market to work, it needs people who think that they can beat it.'
  • #24
  • Jan 31, 2012 5:28am Jan 31, 2012 5:28am
Cant say much about the nobility of forextrading, but it sure is the most difficult thing i ever did
  • #25
  • Jan 31, 2012 5:37am Jan 31, 2012 5:37am
Quoting AlastorFate
If you enjoy trading and you are trading profitably, I don't think you should care about what people says.
This ^


and also even if this profession is not as noble as a doctor, you can use the profits for a good cause, as opposed to a doctor using his money on cigarettes and beer, for example.
  • #26
  • Jan 31, 2012 5:37am Jan 31, 2012 5:37am
That's very true. People always says something, give advice and all that, just why is it that nobody wants to pay them bills for us.

Quoting AlastorFate
If you enjoy trading and you are trading profitably, I don't think you should care about what people says.
forget about tomorrow, just steal away into the night
  • #27
  • Jan 31, 2012 6:36am Jan 31, 2012 6:36am
Quoting EricKamezou
This ^


and also even if this profession is not as noble as a doctor, you can use the profits for a good cause, as opposed to a doctor using his money on cigarettes and beer, for example.
well said
  • #28
  • Jan 31, 2012 6:54am Jan 31, 2012 6:54am
Quoting 2+2=4ex
I don't think it's a noble profession. I think only degenrates and losers trade FX (except me).
ill rather be a rich degenrate
  • #29
  • Jan 31, 2012 7:32am Jan 31, 2012 7:32am
Wall street traders, floor traders, proprietary traders, fund managers are respectable trading careers. Why should people who trade professionally for themselves be any less respectable in any way?
'For the market to work, it needs people who think that they can beat it.'
  • #30
  • Jan 31, 2012 9:05am Jan 31, 2012 9:05am
You are a businessman whose commodity happens to be money.

It doesn't matter what you trade, be it melons, oil drilling platforms, cocaine, ... You can discuss a long time whether you actually provide a service doing what you do or just taking people's money.

Trading (merchant in older times) is one of the oldest professions.
  • #31
  • Jan 31, 2012 9:57am Jan 31, 2012 9:57am
Quoting Xml
Trading (merchant in older times) is one of the oldest professions.
along with prostitutions, who in theory were also traders

sorry had to say it, worked too much today lol
Twitter: @forexpokerpro
  • #32
  • Jan 31, 2012 10:17am Jan 31, 2012 10:17am
Quoting BBPI_fxtrader
along with prostitutions, who in theory were also traders
Where is the Like Button on this forum ?
  • #33
  • Jan 31, 2012 10:31am Jan 31, 2012 10:31am
Devil's advocate here, but no one's made a genuinely convincing argument for trading being a noble profession.

Quoting Luckosa
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.
The comparisons between trading for a living and playing Texas Hold 'Em for a living are uncanny (importance of psychology, risk management, etc.), so I would say that professional gambling is an apt description.

Quoting Hatzerim
Trading FX is as noble as any other investments. Plus, It produces taxes, and wealth that is going to be spread around...
The question isn't if FX trading "is as noble" as other investments, it's whether FX trading is noble. Drug dealing "is as noble" as other illegal endeavors, however if I responded with that it's dodging the question of whether drug dealing is noble. As for taxes and wealth, every job on the books is going to create taxes and wealth, however very few jobs are noble. Let's not ignore the fact that just because you are a professional trader doesn't necessarily mean you are going to be making insane sums of money, either, so the taxes you pay may not even be that much compared to other jobs.

Quoting BBPI_fxtrader
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
Are teachers with masters degrees who have better than average earning power but choose to take $30k a year jobs in the inner city in the job for their money? Would you not say that someone choosing to forego larger sums of money and a more comfortable life to teach the underprivileged is noble?

Quoting henryduncan1
Forex trading is a Noble Profession for me as it also needs, money, preparation, strategies, risk taking abilities as well.
Which of these is noble? Money (no), preparation (not particularly), strategies (no), risk taking abilities (again, not particularly-- at least not when the risk is just losing money as opposed to losing your life).

Quoting thelws
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.
Not true. Professional speculators are not necessary for a market to be made. At best you can make the liquidity argument, but that's hardly noble. In fact many would make the argument that professional speculators harm markets more than they help.

Quoting AlastorFate
If you enjoy trading and you are trading profitably, I don't think you should care about what people says.
I agree, but that's ignoring the question of whether you believe trading to be a noble occupation. I'm sure there are lots of drug dealers, pimps, warlords, and other various nefarious occupations who enjoy what they do and make a lot of money from it (and don't care what people think, to boot!)

Quoting EricKamezou
and also even if this profession is not as noble as a doctor, you can use the profits for a good cause, as opposed to a doctor using his money on cigarettes and beer, for example.
That's fine, but thieves and criminals can use their profits for a good cause, as well.

Quoting AlastorFate
Wall street traders, floor traders, proprietary traders, fund managers are respectable trading careers. Why should people who trade professionally for themselves be any less respectable in any way?
I don't think I've seen anyone here say that being a professional trader (of any sort, whether it's for a firm or independent) is not a respectable career. Then again, the question isn't whether trading is respectable, it's whether trading is noble. Working as a bank teller may be respectable, but there's nothing particularly noble about it.

Quoting Xml
Trading (merchant in older times) is one of the oldest professions.
Prostitution is said to be the oldest profession, what does that mean for its nobility?

I understand the connotations of saying that your job is not "noble", but it's unnecessary to make the leaps you guys are making to believe that your job is noble. You shouldn't feel bad that trading is not a noble profession, because the overwhelming majority of jobs are not noble-- that doesn't make them bad.
  • #34
  • Jan 31, 2012 11:29am Jan 31, 2012 11:29am
Trading in itself is not noble.
But trading done well can create tremendous wealth.
It is what you decide to do with this wealth that decides if YOU are noble.
Fancy cars, big houses and luxurious holidays is your RIGHT as a citizen of a democratic capitalist system.
But once you have achieved these luxouries and you continue to hoard for the sake of superior wealth and power...SHAME ON YOU
  • #35
  • Jan 31, 2012 12:00pm Jan 31, 2012 12:00pm
A noble profession? Absolutely not. Let's not kid ourselves here with false delusions of grandeur.
Nothing worth having is easy.
  • #36
  • Jan 31, 2012 3:06pm Jan 31, 2012 3:06pm
A better question would have been: does anyone care whether it is a noble profession or not?

I don't. I just care about my return. I'm not trying to win a humanitarian award. I think it's safe to say all of us here are the same in that way. Anyone who says otherwise is lying.
  • #37
  • Jan 31, 2012 3:48pm Jan 31, 2012 3:48pm
Quoting 2+2=4ex
does anyone care whether it is a noble profession or not?
No.
It doesn't matter how you make the money. He who has the money, has the money. Simple as that.

Look at the rest of the world, and all of its corruption. "does anyone care whether it is a noble profession or not?"

No.

It doesn't even matter if it's blood-money or crime-money.
He who has the money, has the money. .

Now, different people may do different things with the money, But let's not confuse that with making the money. In the end, it really doesn't matter where the money came from.
  • #38
  • Jan 31, 2012 3:57pm Jan 31, 2012 3:57pm
Quoting Price
No.
It doesn't matter how you make the money. He who has the money, has the money. Simple as that.

Look at the rest of the world, and all of its corruption. "does anyone care whether it is a noble profession or not?"

No.

It doesn't even matter if it's blood-money or crime-money.
He who has the money, has the money. .

Now, different people may do different things with the money, But let's not confuse that with making the money. In the end, it really doesn't matter where the money came from.
Very nice. You tell the truth. I like your style man.
  • #39
  • Jan 31, 2012 4:25pm Jan 31, 2012 4:25pm
Quoting Price
In the end, it really doesn't matter where the money came from.
If money is the purpose, then yes, you're right. In all other cases, it doesn't matter if there is money; it matters where it came from (or where it didn't come from).
The nail that sticks out gets hammered back in
  • #40
  • Jan 31, 2012 5:23pm Jan 31, 2012 5:23pm
I couldn't give a toss if it's noble or not. The thought never crossed my mind. Having said that I can't think of any professions that I would define as noble. Maybe people who do charity work? But then by definition they probably work for free so are not professional (un-paid).

We're all doing this for the money and let's be honest does anyone really care where it comes from or who lost it? If you do then quit now because you probably don't have the right attitude to make it long term.
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