FOREX trading: am i stealing others money?

Sri Lanka
July 17, 2011 5:31pm CST
am i like stealing someone else's money if i'm a winner? as in, isn't it some haunted money that i'm getting? who supplies the money i win? definitely the ones who lose, isn't that so?
5 responses
17 Jul 11
The people who are losing will only be people that know that they also can win or lose themselves, so they have agreed to risk their own money, just like you! Don't lose any sleep over it! But in general, yes someone will be losing - however there are also big companies, like hedge funds that will be trading on forex, so hopefully it will be their cash and not an individuals' Hope this helps.
• Sri Lanka
17 Jul 11
heh yeah :) it helps.. you know i just asked y'all cause i didn't want to enjoy when someone else is cursing
18 Jul 11
Trading forex is tricky and there are always winners and losers. I think that all funds in forex is like in some kind of a circle. If you manage to become a good educated trader then most likely you will be most of the time on the winners side and then you are actually stealing money of traders that are not as good as you are.
• Sri Lanka
18 Jul 11
and then again, it's davin's theory! why would someone dumber than me earn more money than how much i do! :D and as long as it's not illegal + they come for trouble themselves, what am i supposed to do? right!
• Philippines
17 Jul 11
you are right. but you are not stealing others money because they are also trading and sometimes they won and sometimes don't. and there are a lot of traders around the world so the if you won, it can't be notice.
• Sri Lanka
17 Jul 11
exactly.. so its like whether i win or not, forex market is not going to change a bit even?
1 person likes this
• Philippines
18 Jul 11
yeah, there will will losers and winners in forex trading. i was trained as a forex consultant and i know how to trade currency. and there's is really risk in currency trading but if you are wise and smart, money in currency trading is so easy. no sweat. you are just playing money online.
@echomonster (2229)
• Greenwood, Mississippi
18 Jul 11
I don't think of it as stealing because you and whoever you are trading with are acting on a voluntary basis. It might seem like when you profit you are getting the better of someone, but what if that person ends up profiting even more than you do over time? Also, someone may be liquidating their positions because they have another use for their money, like buying a house or something of that nature...you could actually be helping them by giving them liquidity even if they haven't actually made a profit on their trades. It's good that you're thinking about the impact of your actions, but don't let yourself feel guilty over everything. Even a shopkeeper can feel bad about taking money from the poor, but the world would be much worse if no one was willing to sell things!
@surfer222 (1715)
• Indonesia
18 Jul 11
no i don't think that forex is stealing others money. Money is just like any other things when you buy something cheap and suddenly the price is going up, you don't owe anything to the person who selling you this thing.
• India
18 Jul 11
First of all i think its not a game.you can say it business.bcoz we do it with money and what we think profitable,we buy them.and when we take profit,we sell them.and whom we sell or buy,are also doing business so they are also engaged in business.they are not kid or they are not so illitrate to do trading here.and stealing is like we take money without their information.so its not stealing.