Who's the Bad Guy?
While the US's Unlawful Internet Gambling Act is taking over the news on money and the Internet, so many people ask themselves what the true difference between online gambling and online trading is.
Two people are sitting in their agencies both of them risk their money online, one is breaking the legislative norms, the other is not. One of these men is a daily dealer, and no matter how you take that fact, this person is risking his funds for the chance to profit from the trade. I believe that both these men use the Internet for one and the same motive. Still, the person gambling online is currently taking part in an illicit business. Why dishonest? Because Government of the US is not getting a cent of the income from the online gambler. It only levies tax money from the day e-commerce-dealer.
Daily Americans lose billions of dollars on trading securities, not headquartered in Wall Street offices, but from their houses. that type of average men are not trained stock brokers, and they do not obtain any license - in spite of all this they do not have any legal obstacles to risking their money online.
Actually, the single actual difference between trading on internet and online gambling is the amount of profits the US Government profits from the industries: E-commerce = much money; Gambling Online = not a cent and lots of online casino bonuses for gamblers. We often hear that the US Congress is working on the anti-gambling online forbidding law exactly for this reason that the government is loose all the possible profits each day.
The US Government is saying that banned gambling on Internet to save the American public from a dangerous leisure-time activity - as people can easily get used to it like drug addicts get used to drugsruin families by making gamblers go bankrupt. Yet they continue to allow unlicensed persons to trade security papers, which are not on internet. It is very likely that no one would remember today for which reason skyscrapers in New York have windows that can not be pulled up or opened: it is to prevent all the day traders from plummeting to their death after losing all their money!
Traders generally get advice from a third party, and every now and then they merely guess and place orders as luck would have it. There was a time when all people were investing and making a fortune, until this bubble burst and many were left with nothing but a pile of debts.
If online gamblers are famous for something, it's taking an interest in what they do. It seems like nobody gambles on Internet on a permanent basis without studying the games they play, the strategies, the statistics and the art of gambling. When online gamblers improve their skills, they play with others at a harder level in best online casino, but no beginning online player is forced to play poker with professionals.
There are real people now live on online gambling. Amateur gamblers earn up to $10,000 a month, and although they are not the majority, they are the ace of aces. All of these professionals are by this time 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. So many people around the world are losing their jobs due to cutbacks in the online gambling industry.
If the US Government wants to save the people from loosing millions, why do they still let the legal form of gambling called day trading ruin the lives of regular men?
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