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Re: Techcrunch reviews eToro - a platform that makes forex trading child's play
It was just a matter of time before the gambling establishment would try to tap into the forex market. Their "work" will only soil the reputation of a perfectly profitable market, and may (if it becomes a problem) result in future government legislative involvement - which in this particular case might be good, but almost always grows legs and becomes worse than intended.
If unsophisticated people get suckered into this, they deserve the consequences of playing with sophisticated people. But I think it's unfair who they're targeting (the less sophisticated who likely have little or no interested in true investing). Talk about feeding the lamb to the lions...
On a more technical note, this company's involvement in forex wouldn't even register as the tiniest microscopic blip on the markets charts. It would probably take hundreds to thousands of these goofy organizations to produce a measurable impact - and even then, it would probably only show up as the smallest increase in background random noise.
I congratulate the company involved for providing a new and even dumber definition for the term "dumb money."
It will be a hoot to read this company's risk disclaimer.
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