Most people misconstrue gambling as an activity that’s illegal and done secretly to earn instant cash. But this is not the correct definition of gambling. Smuggling is also an unlawful activity done privately, but it is not gambling. Gambling, by definition, is an activity that has a “speculation” element. Thus, all casino games, betting, lotteries, stocks trade, forex trade, crypto trade, or any other activity in which money comes through prediction is gambling.
Gambling is done in different forms. Gambling activities are done for a recreational or money-making purpose or both. See here on 22.214.171.124. When gambling becomes an addiction, the recreational players add “real money” in their play. A lot of people are familiar with casino gambling, but a casino is not always necessary for gambling. If you revert to the definition of gambling, you can find the legal ways to gamble for peace of mind. Yes, it is possible to gamble online on online exchanges, say stock exchange. Stock trade is a speculative investment.
Speculation in stock trade
The traders buy securities for both short-term (day trading) and long-term (cash trading) based on future price predictions. The traders buy a specific stock when they anticipate its price to surge in the future; they sell when they anticipate that price will fall in future. The speculations people make for the prices of stocks are not similar to predictions made in gambling. Still, the prediction element is linked to gambling when a transaction does not guarantee returns on investment. You can earn income in this way.
Online gambling vs. Stock trade on online exchanges
Both gambling and stock trade are not suitable for innocent people. No matter, you are keen on online gambling or stock trade on an online exchange, you need to be smart enough to participate in either activity. You would always need to be active and alert in speculation or prediction. High investment risk is an inherent characteristic of both gambling and stock trade. There is a fifty-fifty win-lose probability. You either win or lose. Your investment in online betting and stock trade can bring manifold returns, or your entire principal can be wiped out. Gambling and stock trade have quick payouts or high liquidity of your investment.
You have no legal risk when you trade in stocks as it is absolutely legal everywhere. In this way, you can quench your craze for gambling and make as much money as in online casino gambling without a risk of being caught. Stock trade is a type of gambling recognized by the society of good people.
Choose between legal and illegal
It can be your choice when you dare to make a move for online gambling. You can take your time; think once, twice, and many times, but the stock exchange the right place to gamble online. You are a hundred per cent on the secure position when you choose stock trade to make money for becoming rich, and even wealthy. It is a piece of sincere advice to those who are still thinking of online gambling. Think before you act!