Are Online Gambling and Online Trading Different?
Who's the Bad Guy?
When the US Illegal Internet Gambling Act is broadcasting the news on finance and the Internet, so many people question what the true difference between online gambling and online trading is.
Let us take two people sitting in their offices risking money online, while one of them is violating the law, the other is not. One of these men is a daily seller, and no matter how you take that fact, this businessman is venturing his money for the risk to have an interest of each transaction. I think I can make a suggestion that both men are using the Internet for one and the same reason. On the other hand, the person gambling online is at present taking part in an illegal industry. Why prohibited? Since Government of the US doesn't get a single cent of the revenues from the online gambler. It only levies tax money from the day trader.
Every day residents of America lose immense sums of money from trading capital issues, which are not headquartered in Wall Street business offices, but from their drawing rooms. Such common people are not highly-qualified stock brokers, and hold no license - despite all this they do not have any legal barriers to risk their funds and get immense profits.
In fact, the only factual differing feature between internet commerce and online gaming is the scale of funds the US Government makes out of the industries: E-commerce = lots of money; Gambling on Internet = not a cent and lots of new casino bonuses for gamblers. It is rumored that the US Congress is working on the anti-gambling online ban for the same reason that people are not getting any revenues of the millions spent day in day out.
The US Government says that outlawed gambling on Internet to save American people from a risky pastime - as people can easily get used to it like drug addicts get used to drugsdestroy families by making gambling-addicts go bankrupt. Yet this will not affect the unlicensed traders, who are free to go on and trade security papers, not online. It is very likely that no one remembers the reason, why large buildings have windows that can not be pulled up or opened: it was made on purpose not to let all the traders from plummeting to their death after losing it all!
Day traders usually get advice from a third party, and now and then they simply guess and place orders as luck would have it. There was a time when everyone was investing and making a fortune, until the bubble exploded and many were left with nothing but a pile of debts.
If online gamblers are famous for one thing, it's holding an interest in what they do. It seems like nobody gambles on Internet on a consistent basis without studying the games they play, various special ways, the statistics and the art of gambling. As online gamblers improve, they play via others at a harder level in best online casinos, but no beginning online player is forced into a poker room with professionals.
Some people today are making their living on online gambling. Amateur gamblers earn up to $10,000 monthly, and although they do not form the major part, they are the best of the best. All those professionals are by now officially out of work thanks to the new online gambling ban, and negative online casinos review in the web. And gambling professionals aren't the only ones suffering. Many people in the whole world are losing their jobs because of the cutbacks in the online gambling industry.
If the US Government wants to save Americans from loosing millions, why do they now let the legalized form of gambling called online commerce break the lives of regular men?
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