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A new investigative article released earlier this week by Casino Gambling revealed a close link between Internet gambling and online day trading.
The article, written by Terry Goodwin, titled 'Legal Internet Gambling in the US', was written to describe the almost identical characteristics of each of the two hobbies.
Terry described how each industry is promoted in the same way. He described how the sign-up process is almost identical in both industries, the depositing process is actually easier as a day trader, and he found the risks to be much greater for the online day trader.
The article reveals a few things, here are some conclusions from his research.
Starting out as an online day trader you must find a place online to make your trades. There are more than a few places competing for your account. Each offers a bonus for signing up, each offers competitive rates per trade, each entices you to sign up with them.
Starting out as online gambler you must find a place online to play. There are many places competing for your account. Each offers bonuses for signing up, each brag about their high payout rates for all games, each one entices you to start playing with them.
For both online day trading and online gambling you must provide proof of your age, that is, you must click the box that says you are over eighteen. For both online casino players and online day traders you must be able to deposit money into your account. Day traders have the option of keeping an unlimited amount of money in their account. Through Neteller, online gamblers have automatic limits on how much they can deposit per week.
Day traders can buy a stock that goes out of business, even though news says the company is doing well. Gamblers are told the payout percentages of slot machines and are aware that they will most likely lose their money. Day traders have a serious reputation for making very intelligent people go bankrupt. Type in 'day trading' into Google and every site you find will warn you of the very serious risks involved. Yet, with no training at all you can easily sign up, deposit money and start trading.
Day traders have the ability to borrow from the place that hosts their account. The gambler cannot do this. This means a trader can deposit money, lose it, then borrow more from the trading company. A gambler can only deposit what they have if they have not yet reached their limit.
Day traders make very few people rich. Gambling makes very few people rich. Day trading is highly addictive. Gambling is also addictive.
Online day trading is legal and accepted by the United States government. Gambling at online casinos is also legal, yet not accepted by the United States government.
The United States Department of Justice has been in a war against online gambling related companies in the past year, while online day trading is thriving.
This is a situation that needs serious attention from the United States government. Either legalize Internet gambling, or criminalize day trading. It should not be any more complicated than that. |
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发表于 2007-4-14 00:07
