The Difference between Online Gambling and Online Trading.
Who of Them is the Bad Guy?
At the same time as the US Illegal Internet Gambling Act is taking over the news with stories of finance and the WWW, men wonder what the factual difference between online gaming and online commerce is.
Two people are sitting in their agencies risking money on Internet, while one of them is violating the legislative norms, the other is not. One of them is a day trader, and with no respect to how you look at it, that person is venturing his funds for the risk to to raise his income. I think that both men use the Internet for one and the same aim. On the other hand, the last is now taking part in an illicit business. Why illicit? Because Government of the USA doesn't get a cent of profit from the the army of online gamblers. The Government only gets tax money from the day online trader.
Every day residents of the USA lose several million dollars from trading security papers, that are not based in Wall Street offices, but from their sitting rooms. These simple people are not high-class stock dealers, and hold no legal permission - anyway they have no official barriers to risk their funds and get immense profits.
In truth, the only actual differing feature between internet commerce and online gaming is the amount of money the US Government receives from the businesses: Trading on internet = much money; Gambling Online = not a single cent and lots of casino bonus for gamblers. It is rumored that the US Congress is working on the anti-online gambling forbidding law for the same reason that they are not profiting from millions of dollars spent day in day out.
The US Government is reported to have said that banned online gambling to keep Americans away from a hazardous pastime - as people can easily get used to it like drug addicts get used to drugsruin families by making players go bankrupt. But this will not affect the unlicensed traders, who are free to go on and trade stocks, which are not on internet. Possibly no one can remember now the reason, why skyscrapers in New York have windows that can not be pulled up or opened: it is to prevent all the traders from jumping down and being crashed to death after losing all their money!
Traders usually get advice from a third party, and every now and then they just guess and place orders as luck would have it. There was a time when all people were investing and making a lot of money, until the bubble burst and many were left with nothing but a pile of debts.
If online gamblers are famous for one thing, it's taking 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 players improve, they play via others at a higher level in top online casino, but no beginner is forced into a poker room with professionals.
Some people today live on online gambling. Amateur gamblers earn up to $10,000 a month, and while still they are not the majority, they are the best of the best. All poker professionals are now officially out of work due to the new online gambling ban, and negative casino review in the web. And gambling professionals are not the only people left aside. Many people around the world are losing their jobs because of the cutbacks in the online gambling business.
If the US Government is willing to save the people from loosing millions, so why do they now let the legal form of gambling called day trading break the lives of average people?