giovedì 18 febbraio 2016

🕳 THE MORAL PROBLEM OF TRADING ONLINE 🕳




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THE MORAL PROBLEM OF TRADING ONLINE 
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Online trading is a practice that involves making speculation, a negative behavior of the individual in the moral and religious context. In finance the meaning of trading does not reflect a real commercial transaction.

Making speculation by means of trading is a practice that is negative in a human perspective, regardless of the collateral effects on the market because making money with money is a wrong activity with reference to the religious principles. 


Trading causes a dangerous attachment to money that leads an individual to spend his life looking for profit; this is contrary to religious morality.  

A major concern is the moral evaluation of the behavior of individuals within the economic system; an individual should avoid speculative practices like trading, morally reprehensible even if within the legal limits that are different in each country. "The social and legal endorsement does not exempt each individual from moral responsibility."



2.  The idolatry of money in the financial market



"cause of this situation is found in our relationship with money, since we calmly accept its dominion over ourselves and our societies. The current financial crisis can make us overlook the fact that it originated in a profound human crisis: the denial of the primacy of the human person! We have created new idols. The worship of the ancient golden calf (cf. Ex 32:1-35) has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose. The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings; man is reduced to one of his needs alone: consumption."



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1Timothy 6:10 -- For the love of money is a root  of all kinds of evil. Some people,  eager for money, have wandered from their faith and pierced  themselves with many griefs.


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3.  An approach to avoid a wrong behavior.



How to operate ethically : summary of guidelines

In order to maintain a correct personal behavior avoiding any kind of immoral attitude in the religious context, an individual should operate with a medium-long term horizon (a period of more than 1 year as stated by the economic and accounting principles that is proper of investing) avoiding any type of modalities, information and instruments for the pursuit of profit in the short-term, even if within the legal limits which, anyway, are different in each country. Stock investing should be limited to the long-term ownership of companies operating in ethical business; furthermore, any hazard in the expected return on the invested capital must be avoided.



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Since the completely safe asset does not exist, a person can never accumulate enough to feel totally safe. The search for such security is a chasing after the wind – we are never satiated, no matter how much we possess. It is wiser not to begin the pursuit (e.g. Ecclesiastes 5:10; 6:7). (comment in Jubilee Centre)


See the specific guide: The correct behavior for the individual.



RELEVANT LINK



Continued on pages 2 and 3 as indicated below:


pag 2: Trading - an unethical practice

pag 3: The correct behavior for the individual




http://tradingonline-a-moral-problem.blogspot.it/p/blog-page.html



   



                                                    Look for the true values of life....not money 
                                             



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