Why Do People Trade?

[Stockie]

Quote from kid.fx.cross:

That is your reply? That is as deep as you can think? You can't come up with a coherent counter argument? All you can say is "Bullshit!" Not just bulllshit, but "total and utter". That's the best you got? Have you really thought this through? Or did I strike a nerve which caused a knee jerk reaction?

You must agree teaching and midwifery are respectable professions? You've most likely encountered them both, and it's these two professions that have played roles in making it possible for you to contribute here. If you're in pursuit of a career as a respectable trader then shouldn't it follow that those who helped you along the way should be respected?

Are you coming from a Robert T. Kiyosaki angle or are you just stirring?

 

[dbphoenix]

Quote from NoDoji:

You're asking who gets left out as if the markets were a single game of musical chairs.

Try thinking of the markets as rivers of opportunities instead. There are many ways to derive profit from a river:

You can fish in the river and channel some water to irrigate a garden and feed yourself throughout the year.

You can fish in the river or irrigate a farm and sell your fish/food to others for a profit.

You can take people on river rapids day trips or camping trips.

You can conduct research at a river on behalf of a university or a foundation.

You can dam a river and generate power.

All these things are possible, yet at the same time you can get drunk while fishing, fall into the river and drown.

You can get greedy and implement a fishing method that removes so many fish from the river so quickly the population goes extinct.

You can farm too close to a river that's known to flood frequently and have your crops ruined.

Rivers of opportunity for those who prepare well and hedge their risk.

Too bad ET doesn't have Post of the Month.

 

[tickmagnet]

Most people want to make easy money , nobody wants to work , I mean with hands.

 

[Handle123]

Quote from tradingjournals:

In trading physical things, two individuals trade two items for profits because when the items change hands, they can bring value to both individuals.

Why do people trade in financial markets? If it is only to exchange risk and reward, from a rational point of view, what is risk to one side is a reward to the other.

Feel free to share your thoughts.

From the moment you are born, you have to trade one thing for another. Everyone breathing is trading something, so everyone can be considered traders. At some point, people start finding their speciality and concentrate more of their time into one area.

 

[kid.fx.cross]

Quote from Stockie:

You must agree teaching and midwifery are respectable professions? You've most likely encountered them both, and it's these two professions that have played roles in making it possible for you to contribute here. If you're in pursuit of a career as a respectable trader then shouldn't it follow that those who helped you along the way should be respected?

Are you coming from a Robert T. Kiyosaki angle or are you just stirring?

yes, that is what we use to call "professional." Doctors, lawyers, teachers. They did their job to the best of their ability, and their compensation was not directly tied to their performance. They were held in high esteem above common ordinary "business men".

 

[Stockie]

Quote from kid.fx.cross:

yes, that is what we use to call "professional." Doctors, lawyers, teachers. They did their job to the best of their ability, and their compensation was not directly tied to their performance. They were held in high esteem above common ordinary "business men".

I didn't read Rich Dad Poor Dad, but am aware of a distinction he made between employees, small business owners, large business leaders and investors. To cut a short story shorter, it's best to be a large business leader or investor... a reason why people (should) trade.

 

[kid.fx.cross]

Quote from Handle123:

From the moment you are born, you have to trade one thing for another. Everyone breathing is trading something, so everyone can be considered traders. At some point, people start finding their speciality and concentrate more of their time into one area.

couldn't agree more. It gets lost when people start trading labor or time (just punching a time clock), and they start treating themselves (or their politicians do it for them) as employees (paid slaves.) All dignity is lost.

 

[kid.fx.cross]

right now, the unemployment rate Is about 7.2% (if you don't count those of us that have just given up.) When it finally gets to 100% we will have arrived at total freedom.

It's just a matter of how you view yourself.

Are you an employee, or are you a trader?

 

[kid.fx.cross]

Quote from Stockie:

I didn't read Rich Dad Poor Dad, but am aware of a distinction he made between employees, small business owners, large business leaders and investors. To cut a short story shorter, it's best to be a large business leader or investor... a reason why people (should) trade.

"best"? Why would it be better for me to be a "large business leader"? I don't have the skills, or the patience or the desire. And what would it buy me? Nothing but aggravation. I already have everything a man like me could want or desire.

It comes at a price.

The first time I got a w-2 job I couldn't believe, "They are going to pay me the same every week, whether it was a good week or bad week?"

Man, it was great. I could screw up all I wanted (so long as I didn't get fired) and they paid me the same each week.

But when I started getting good, I didn't get paid any more.

 

[Grandluxe]

Quote from kid.fx.cross:

yes, that is what we use to call "professional." Doctors, lawyers, teachers. They did their job to the best of their ability, and their compensation was not directly tied to their performance. They were held in high esteem above common ordinary "business men".

Lawyers? really?