After all, both activities involve risk in return for a decent rewards. Certainly when viewed like that, it seems as though trading is just betting but by another name. Trading, on the other hand, is outlined as being ‘ the buying and selling of shares and money’. In the Cambridge English Dictionary, betting is defined as ‘the activity of betting money, for example in a game or on a horse race’. Isn’t trading just gambling by another name? Is it seen by most as being more acceptable because it is generally done by more elite people and is seen as a corporate exercise, or is there a genuine difference between the world of trading and that of gambling? What Is Trading? What Is Betting? When the financial crash happened in 2008, there was little to no comeuppance for the traders that essentially destroyed they world’s economy, yet the world of gambling is seen by many as a vice that should be discouraged. Why is it that financial trading is seen as a different type of gamble to placing bets on the outcome of a sporting event, when both outcomes are entirely unpredictable? You can be involved in trading on currency markets, can sell short and hedge, but you’re not allowed to place a wager on the outcome of the Super Bowl (in most states). In many states of the United States of America it is against the law to place a bet on a sporting event but it’s entirely legal to trade stocks and shares.
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