Is Trading Shares the Same As Gambling?

[DhannyDoel 10]

obviously its not exactly the same, but buying and selling shares at risk may be gambling which has religious repurcussions. anybody know?

[jpennybags 11]

I dunno… considering trading for a living? Ask a trusted religious professional of your affiliation. Taking advice from amateurs… that's risky.

[Cory2679 11]

obviously its not exactly the same, but buying and selling shares at risk may be gambling which has religious repurcussions. anybody know?

 

One could argue that religion is a gamble...

Edited June 13, 2011 by Cory2679

[Enigmatics 10]

obviously its not exactly the same, but buying and selling shares at risk may be gambling which has religious repurcussions. anybody know?

 

My personal opinion is that gambling implies lack of strategy and taking "chances" based on emotions.

[SIUYA 11]

life is a gamble ......................

[pbylina 10]

When your loosing money your gambling.

[Trendup_ 10]

http://www.traderslaboratory.com/forums/f30/trading-just-sort-gambling-9100.html

[Pony 10]

Well, it doesn't say a single thing bout gambling being a sin in the bible. I'm not that religious, so I think taking much of the bible literally, is a bit silly, other than like don't kill/steal/rape, etc.

 

I will say that in my profession I took some theology classes, so I hope you do take this into a little consideration.

 

Anyway, like I said, gambling is not specifically stated as a sin, however, you need to look at two things: Work is considered "good." There are several references to this, specifically a deadly sin: sloth. Which is being lazy. Gambling in it's purist form is an attempt to not have to work for your money, but if this is your job, how could you be avoiding work by doing it? Secondly, the "golden rule" Do to others as you would have them do to you. Okay, in this situation you have responsibilities that need to be fulfilled such as putting food on the table for your family. If you are loosing money at the expense of your family, that could be another way that it's a sin.

 

Taking risks is not a sin, I'm sure Jesus had to buy hammers in order to be a carpenter, right? Just like you have to buy stocks, or whatever you trade, in order to be in the business of buying and selling securities (how the IRS views your self-employment).

 

Simple recap: If you're doing it as a job, or an honest thought out investment, no. If you're doing it in an attempt to "get rich quick," yes.

[frxblog 10]

forex trading is very well .your service is nice.....

[Becky 10]

Well Gambling is quite different than selling and buying. You need to know all the tricks for it.

[frxblog 10]

trading is not at all like gambling.. trading is a business oriented where as gambling is wastage of time and money..

[diane21 10]

Hello everyone,

Any attempt to trade without analysis and studying the market is equal to a game. Games are fun except when you lose real money... Allow at least 2 months for demo trading. It gives the bigger picture of market price movements and thus helps to clearly define the trend.Given below tips for forex formula.

1-Create a solid trading plan.

2-Stick to it.

3-Keep an eye on your trades.

4-Stay focused

[Mr_You 10]

Anything that is based on a random outcome is gambling... many people do not think Poker is gambling because skill is involved in the outcome.

 

Systematic trading is hedging, just like any other business that buys and sells a product within certain time frames for a profit.

 

IMO, anyone who is trading without a system is clueless and they ARE gambling.