Can Christians buy Forex and do Binary Trading?
You know, it can be an easy way to make money, if you invest carefully.
Does God allow us to do this?
Or God wants us to work from 8 to 5 to earn an honest penny?
Can we trade Bitcoin/God/Forex?
Is it unethical?
I think that there is a huge difference between long term investing and short term investing.
In any type of investment, there is always the tradeoff of risk versus gain. The more risk, the more *possible* gain (and the more possible loss). The less risk, the less possible gain. There are very few (if any) short term "investment" opportunities promising large returns that don't involve significant risk. There are a lot of people with a lot of money that hire a lot of very smart people to do the research for them to get ahead of everyone else. In my opinion, some of this is getting closer to going to the casino and gambling than it is investing. I've got a PhD in physics and have spent a career cranking numbers and programming. I looked at short term stuff a bit figuring I might be able to leverage my background and skills to get ahead of the game. My sense is that I would have ended up spending more time doing the proper research and work to get ahead than I would actually having a real job. I am a person who is risk averse so potentially I walked away from something I could have somewhat succeeded at. However, I'm not convinced it's easy money. My sense is a lot more people lose money at it than gain money.
There's a mathematical theorem often colloquially referred to as the gambler's ruin. It roughly says that given any random process you will hit every point. In other words, if you are gambling, you will eventually win a million dollars. However!!!!, it also means that you will hit zero dollars as well. If you walk in with $10K, you are far more likely to first hit zero (and lose it all) than you are to reach $1M. On the other hand, if you walk in with $900K, you have a much better chance to hit $1M before hitting zero. The bottom line why casinos make money is that they have larger reserves than the gamblers do. A gambler with $10K will hit zero with a much greater probability than a casino with tens to hundreds of millions in reserve will hit zero. Investment firms with huge cash reserves can last in the short term investment game a lot longer than smaller investors (whose money stays in the game for other people to collect after they hit zero). Unless you have a true "system" of research that significantly stacks the odds in your favor, gambling is likely to be a net losing proposition in the long run. The only way to come out ahead gambling is if you have an initial lucky streak and completely quit and cash out while you are ahead.
Money is really about your time. You have a finite amount of time. It is about having an efficient way of converting your time into what you want from life. We all choose to convert part of our time into money so that we can buy things we want and need. The key is balancing how much time we convert to money with how much time we spend doing other things. It's about setting priorities as to what is important to us.
Frankly, starting a successful business (which takes a lot of time, effort, initial research, and often resources) is probably the best way to make a lot of money and is a way to do something good for other people at the same time. It's also risky. Most new businesses fail. You really need to be willing to do a LOT of work to make a new business work and that includes learning a LOT about what it takes to successfully run a business before you start.
