Ethics of trading - Psychology and Money Management | futures io social day trading
futures io futures trading


Ethics of trading
Updated: Views / Replies:1,451 / 18
Created: by Binarystar Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Ethics of trading

  #11 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


Binarystar View Post
I would like to know what I am talking about when I am arguing with people who think that trading is unethical.

So I am looking for articles and books about the ethics of making money in the markets. Does a poor farmer in india suffer from it? Are traders parasites of other peoples honest work?

I don't think so, but I need to know for sure. So please, if you know good articles or books, please share.

Thank you.
Christian

I think one needs to clarify "trading" first.

a good example is insider trading. some believe this is unethical. if you want to include ipo's, private placements etc, the allocations could be considered unethical.

another good example is speculators in crude oil that someone mentioned. of course you could avoid driving a car if gasoline prices are too high. but unfortunately that's only half of the story. since delivering bread and milk costs more because of higher driving costs, that higher cost will be added to the price of bread and milk. so yes, poor people even without a car will suffer.

there're a lot more examples, but I think you get the idea.

Reply With Quote
The following user says Thank You to Silvester17 for this post:
 
  #12 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,786 received
Forum Reputation: Legendary


josh View Post

All trading is done by willing participants, and no one forces anyone to engage in speculation

Josh, great post and I agree with many points.

Please consider also programs like closed 401Ks where one's portfolio is affected by daily fluctuations.
Namely, one's net worth could go up and down due to speculation but have no say in the manner.
Many of the "Program" buying and selling could consistent in part of such investments.

BTW, this is not only a US phenomena, rather there are many program worldwide where worker's pensions at times tied to their local trading markets.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following user says Thank You to mattz for this post:
 
  #13 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,068 received



Binarystar View Post
I would like to know what I am talking about when I am arguing with people who think that trading is unethical.

So I am looking for articles and books about the ethics of making money in the markets. Does a poor farmer in india suffer from it? Are traders parasites of other peoples honest work?

I don't think so, but I need to know for sure. So please, if you know good articles or books, please share.

Thank you.
Christian

Trading is about buying and selling, nothing more and nothing less, even the poor farmer in india is affected by these 2 words, from my personal experience most of the people who pretend to be ethic are not but they will never admit it, just accept that we are all different and you cannot please to everybody.

Reply With Quote
The following 3 users say Thank You to redratsal for this post:
 
  #14 (permalink)
Trading for Profit
Munich, Germany
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Equity Index Futures
 
Posts: 285 since Apr 2012
Thanks: 121 given, 116 received


josh View Post

...

A couple of common arguments might be:

- "It manipulates the market and a lot of people have their retirement invested in the market."

...

- "Short selling a stock ruins a company's stock performance and hurts the company."

...

- "Evil speculators drive up the price of oil and it costs me more to fill up my car with gas."

...


Nice post!

What comes to my mind when reading these potential arguments:


Re. 1.

For each trade, there is a buyer and a seller. Which one is the manipulator?

Re. 2.

Short selling a company's stock helps to keep the companies share price at around fair value and not inflate it. I've read about studies which proved that short selling reduces the risk or extent of price bubbles, which eventually lead to a more severe crash.

Also, if a company is forging or "optimizing" its statements too much, you want professional short sellers - some of whom are very good at detecting this very early - to bring the share price to where it should be.

Re. 3.

For each trade, there is a buyer and a seller. Which one is the evil speculator?


To me - who has been in the corporate world for many years - trading is the most honest job out there. There is no way someone can "bullshit" their way to success. The markets are brutally honest. Either you win or lose based on your decisions and actions and not based on what you tell others or try to make them believe.

Reply With Quote
The following 2 users say Thank You to karoshiman for this post:
 
  #15 (permalink)
Elite Member
New York NY USA
 
Futures Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
 
Posts: 110 since Oct 2012
Thanks: 54 given, 29 received

Pecunia non olet

Vespasian's axiom. Translation. "Money doesn't smell"

My goal is not avarice. It is to make money so I can do good in the world.
Well I intend to have a bit of fun too. But the point is trading is certainly not bad. Amoral perhaps. Immoral no.
I think it is important to think about ethical and philosophical issues in our lives. But there is nothing inherently bad about trading. Only ignorant people think so.

Go make money. And then do good things with it.

Reply With Quote
The following user says Thank You to mcteague for this post:
 
  #16 (permalink)
Trading Apprentice
nuremberg germany
 
Futures Experience: Beginner
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 7 since Feb 2013
Thanks: 6 given, 0 received


Binarystar View Post
I would like to know what I am talking about when I am arguing with people who think that trading is unethical.

So I am looking for articles and books about the ethics of making money in the markets. Does a poor farmer in india suffer from it? Are traders parasites of other peoples honest work?

I don't think so, but I need to know for sure. So please, if you know good articles or books, please share.

Thank you.
Christian

I have had that discussion several times with a few friends of mine. In the end it always looks to me like they are a bit jealous because they don`t have the money to start trading or are just to concerned about their money.

Reply With Quote
 
  #17 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,340 since Dec 2012
Thanks: 11,282 given, 7,092 received


anistor View Post
I have had that discussion several times with a few friends of mine. In the end it always looks to me like they are a bit jealous because they don`t have the money to start trading or are just to concerned about their money.

Indeed. My stepson used to offer me a 10 pound note and ask if I could change it into 10K for him. I asked if he was ok that I might just as easily turn it into 10p for him. He doesn't ask so much now.

Travel Well
Reply With Quote
 
  #18 (permalink)
Trading Apprentice
nuremberg germany
 
Futures Experience: Beginner
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 7 since Feb 2013
Thanks: 6 given, 0 received


ratfink View Post
Indeed. My stepson used to offer me a 10 pound note and ask if I could change it into 10K for him. I asked if he was ok that I might just as easily turn it into 10p for him. He doesn't ask so much now.

Your stepson has the right business attitude.

Reply With Quote
 
  #19 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,340 since Dec 2012
Thanks: 11,282 given, 7,092 received


anistor View Post
Your stepson has the right business attitude.

Now that is true!

Travel Well
Reply With Quote

Reply



futures io > > > Ethics of trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Scams: Prediction Point Trading, Hindsight Trading, Market Mover Trading flipper26 Trading Reviews and Vendors 5 August 6th, 2012 02:19 AM
Academic Economists to Consider Ethics Code Quick Summary News and Current Events 0 December 31st, 2010 07:40 AM


All times are GMT -4. The time now is 11:08 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.14 seconds with 19 queries on phoenix via your IP 54.226.34.209