Quote from: fingnome on Today at 07:41:21 AM

Quote from: BenCodie on October 01, 2023, 09:01:08 PM

Quote from: fingnome on September 29, 2023, 04:58:07 PM

Quote from: BenCodie on September 28, 2023, 12:34:23 PM

Quote from: fingnome on September 28, 2023, 10:02:02 AM

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

If it's a possibility, why wouldn't they be? The entire casino industry is built upon exploitation and gaining edge over others. This kind of theory is in line with the way the industry inherently is. It would not be at all surprising if this theory were true...though even if the truth was out there, do you think that would stop people from rolling the dice? Will or have you stopped rolling the dice after learning this possible fact? This is the larger, sadder point.

I appreciate your thoughtful perspective, highlighting the possible exploitation inherent in both the casino and brokerage industries. You're absolutely right, the thrill of the game and the hope of winning big will always draw people to casinos, fully aware of the house always having the upper hand. It's a choice made for fun, entertainment, and adrenaline.

However, when it comes to brokerages, the narrative shifts. People enter these platforms intending to invest their savings thoughtfully. The creeping in of gamification and entertainment aspects by brokers is subtly changing the scene. Unbeknownst to many, what started as an investment journey could unwittingly morph into a gamble, devoid of the fun and awareness that accompanies a casino. This subtle and unsuspected transition is where the real concern lies, emphasizing the need for clear delineation and transparency in the brokerage world to protect unsuspecting investors from unintentional risks.

I think that we hope that entertainment, fun and adrenaline are motives. Though every time someone mentions a casino or someone online is discussing online casinos, the topic is more about the change in balance than it is about the experience.

You are right about brokerages and I see what you mean, however a good practical example of one that other parties can see first hand and compare with your posts, might be very useful for your points.

You are very right about the dangers that come with subtle, unsuspected involvement in gambling when it comes to what is thought to be investing.

Quote from: fingnome on September 29, 2023, 04:58:07 PM

Your input greatly enriches this discussion, thank you for sharing.

Thank you, likewise. Your recent posts have been refreshing to read from a new member. Keep up the thought you are putting into your posts and I'll surely end up being a supporter of yours

Thank you for your thoughtful insights. Your perspective is spot-on, and it helps to steer this conversation towards its essence. The pivotal concern should indeed revolve around humanity and well-being. Casinos, despite their issues, are straightforward about their purpose as a source of entertainment, albeit with potential pitfalls. On the other hand, brokerages encouraging excessive intraday trading through subtle gamification techniques pose a serious issue. Unlike casinos, they mask the risks with an illusion of investment, leaving many oblivious to the potential financial peril. This dangerous gray area certainly does not qualify as entertainment, and it's crucial to highlight and address this distinction to safeguard individuals' financial and mental well-being.

I am glad to have positively contributed

I and I am sure many others would like to learn and read more about this shadow industry of brokering. I have an idea of it, but as you go into more detail I don't believe that my knowledge of the topic is anywhere near the level of which yours sits. Do you have any resources or links on hand for further reading and education? I am sure that if brokers are any worse than casinos, they will do a good job at covering up any available information exposing their business or downsides. I hope you have some further reading for us anyway