Given your detailed insight, it prompts the question: Are brokers and casinos both just playing on human psychology, albeit in different contexts, to ensure their own profits? Where does the line between legitimate business strategy and manipulation begin to blur?
Yeah! I think that indeed brokers are, to a very large extent, psychologists who are obviously aimed at one single result in the form of receiving money from the client.
Usually a broker is presented to a person who is not experienced in matters of broker activity as such a very knowledgeable person who will not commit any stupid or rash actions with the client’s money and will definitely increase the client’s capital. On the other hand, the broker looks at the client just like a psychologist, and the main question here is how such a client will behave in case of failure. And the second question is what percentage of the profit, if successful, will this client agree to. These assessments obviously then go into deciding how the broker should communicate with such a person. And here the broker can use various manipulative tactics. He can imagine himself from a dashing cowboy who succeeds in everything, to a thoughttful and meticulous accountant in glasses who will accurately calculate everything.
Of course, I cannot call these nuances of the broker’s behavior deception, or even less call them fraud, but they are definitely a performance played out in front of the client for one single and understandable purpose.