Sunday, 2 May 2021

Online trading is another form of gambling.

Here is my take. 


Since we know how the stock markets operates especially in this day and age with cryptocurrencies like Bitcoin, online trading (although it is a matter of choice) is another form of gambling & why I do not recommend it. 


  1. It is risky. Unless you know the risks, you’ll gamble with investing in things whether it’ll go away your way or not. Situations like this can result in losing money very quickly especially of you are not careful. 
  2. Security risks while trading online: Data breaches, viral attacks, phishing and identity theft. 
  3. Sometime in some occasions, you happen to be friend with somebody that you do not know on social media platforms & even following someone who has expertise in trading (option trade, Bitcoin/cryptocurrency mining, Bitcoin/cryptocurrency investment, Bitcoin/cryptocurrency investment & all that stuff) & appears to be a nuisance of wanting to get know you personally by persuading you to trade digitally even if you have heard of it or not & that you are either interested for first time & then gamble with it to experience awfully (losing money in nutshell & having a call or text to make a next move to do this & that. All in the name of “capital at risk” stuff) or not interested or had previously done this but have no interest of it anymore. 


For me, being on social media & being followed by followers that you don’t even know can be strangely dangerous. That’s how I always decline kindly the offer of doing trading (online trading) because I do not want to be taken an advantage of any person could potentially & selfishly be cruel, greedy and control freak (manipulator). Especially on my own experience of being victim of scam & fraud.  mrlimitless95.blogspot.com 


Even if someone doesn’t go to the stock market like typical stock market trader, businesses & financial firms do. Now with an app & website.


On final note, how on earth would some people (traders who are doing trading online) become rich suddenly like that? Surely, why waste on these non important stuff that you may not find it enjoyable? 


Where do those people (online traders) spend with money that they have won & gambled with it & seemingly earned enormous amount of money? I don’t know to be exact. At least thank god, I didn’t choose to go with the path of online trading & that I chose to be a blogger, writer/content creator, editor & publisher to earn money via advertisement with Google Adsense. mrlimitless95.blogspot.com 


Gambling is really problematic in all societies in the world. With trading (online trading), this is just another form of gambling. So it’s your choice if you are interested but I will not recommend it. I am dissuading anyone to not have a interest to online trading. It might have good benefits but it comes with a risk. 


That is my take on this. 

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