Discussion Fxcm Top 1% Trader

Faith in God can make you complete, but your faith will be contested. It will be opposed, even as we read here. Your faith will go through the fire of trial.

If you lack spiritually in your life, you can get to the place of holiness. If you are lacking materially, you can get to a place where your needs are met. Whatever your lack, your faith in God has the potential to take you from where you are, and where you are lacking, to this place that the Bible speaks of…being perfect and complete, lacking nothing.
 
But, the path to that completeness is one of trial. Your faith will not get you there until it first goes through testing. You do have an adversary. You will be opposed. The Bible says, Your adversary, the devil, walks about as a roaring lion seeking whom he may devour.

The devil knows what is at stake, and he will do all he can to keep you from trusting God. So as your faith encounters the turbulence of trials, do what James says, and count it all joy. You are on your way to becoming perfect and complete in Christ.

Okay, thanks for the religious lesson peptraderfx. I don't think God and gambling go hand-in-hand though.

Investing is widely regarded as the engine that drives capitalism. It tends to put money in the hands of those with the most promising and productive uses for it, and drives the economy gradually upward. Investors aren't merely betting on which investments will succeed, they're providing the capital those strategies need to accomplish their goals. The U.S.'s leadership position in technology is largely due to investments by venture capital firms, angel investors and technophilic individual investors. Similarly, you can change the world in a small way by investing in something you believe in, such as socially or environmentally, tangible or intangible investment vehicles.

Gambling, on the other hand, is not so clearly making a positive contribution. Gambling does tend to help local economies, but also usually brings with it well-documented unpleasant side effects. I'll leave it up to the reader to decide whether gambling is, on the balance, a plus or a minus. Looking to the financial markets, one could make the case that people who gamble in this realm do serve a function, by adding to the market's depth, liquidity, transparency, and efficiency. But that's of relatively minor value, and those gamblers probably capture most of that value for themselves and eventually lose it all. On the other hand, they often increase the volatility of the markets, which is on the balance usually a negative (although it does afford savvy investors opportunities for larger profits). As Warren Buffett has said, 'Wall Street likes to characterize the proliferation of frenzied financial games as a sophisticated, prosocial activity, facilitating the fine-tuning of a complex economy. But the truth is that a well studied investment vehicle is systematic or methodical. Investors are risk-averse, while gamblers are risk-seekers.
Risk-taking is intrinsic to both gambling and investing. There are a few investments that don't entail high probable risk. The major difference between the two groups seems to be the participant's relative willingness to accept risk. Investors tend to avoid risk unless adequately compensated for taking it, but gamblers don't. To put it another way, investors take only the risks they should take, while gamblers also take some risks they shouldn't take. Would you rather have $50 or a 50/50 chance at $100? If you take the $50, you're an investor. If you go for all or nothing, you're a gambler. Would you rather put your money under your mattress or in an extremely volatile trading system that could go bankrupt or could double in value? The question is slightly different, but the answer is equally instructive. If you expect to double your money quickly, whatever you're doing is probably gambling, even if it happens on Wall Street, or London, rather than in Las Vegas.

So you call yourself a gambler? That's fine! Some currency traders do gamble!

peptraderfx posted:
    So you call yourself a gambler? That's fine! Some currency traders do gamble!

All currency traders gamble. It's just that some traders have a problem accepting that they gamble - they are afraid of the word 'gamble'. Gambling means to bet on an uncertain outcome. That is what we are all doing - betting on an uncertain outcome. It's just another psychological thing that they should get over as soon as possible and accept it for what it is - gambling.

And, yes, I like to consider myself to be a fairly safe gambler.

Then Why would God have a problem with it?

I admire your response though! Great come back! Great name: Patience!

peptraderfx posted:
    Then Why would God have a problem with it?

Must be just the Mormons then. They aren't allowed to gamble. I'm not sure what God thinks about long term investing though because, at the end of the day, it's all gambling 😲

I respect your opinion! You seem to be a smart guy! Keep in touch!

Thanks. I don't mind being one of the boys even if I am not a boy 😲 Good luck to you! Not only do I call it gambling but I also believe in luck. Never to be underestimated.

Sorry about that! You are absolutely right, how male chauvinistic of me. My apologies. I never considered you might be a female! I'm so sorry, really! Good luck then to you!

Patience posted:
Thanks. I don't mind being one of the boys even if I am not a boy 😲 Good luck to you! Not only do I call it gambling but I also believe in luck. Never to be underestimated.

plz tell me that you are not smoking hot.

zero/.

Funny!

Keep on preaching Joe! I agree forex can be gambling if you dont have a system implemented and you dont know what money management is. Likewise, Jesus rebuked through a parable the person who didn't invest. On a side note, don't hate on something you are taught religion says is bad..afterall, even Jesus did not like the religious teachers of his day, nor did he agree with them on numerous occassions.

Right on!! Well said!!! Thank you!

Thanks! nice meeting you last night by the way Joe :-D

Likewise! The pleasure is mine! Thank you.

WOW!! Just hit 100% made me some money! Thanks for the smooth ride!

peptraderfx
Just be Transparent with all your trades, positions, Leverage, gains, etc! What's to hide, why the insecurity? There's enough to go around for everybody! Je,je