ratkin
28-08-2010, 06:22 PM
http://www.smh.com.au/business/when-brokers-are-the-enemy-20100827-13w40.html
About time the cfd indiustry was exposed for what it really is , ie a crapshoot with loaded dice.
As someone who makes a living from the gambling industry im amazed at the number of people who seem to throw caution to the wind and risk thousands without really knowing the odds they are up against. These people woulnt dream of taking a spread bet on the amount of runs a cricketer might score but think nothing of risking thousands on a stock price .
The tactics the CFD companies use are right up there with the more unscrupulous end of the online bookmaking market. Both rely on a constant stream of new and easy money , strip them bare and move onto the next victim. Hence the aggresive advertising, and aggresive debt collecting tactics which quietly follow
About time the cfd indiustry was exposed for what it really is , ie a crapshoot with loaded dice.
As someone who makes a living from the gambling industry im amazed at the number of people who seem to throw caution to the wind and risk thousands without really knowing the odds they are up against. These people woulnt dream of taking a spread bet on the amount of runs a cricketer might score but think nothing of risking thousands on a stock price .
The tactics the CFD companies use are right up there with the more unscrupulous end of the online bookmaking market. Both rely on a constant stream of new and easy money , strip them bare and move onto the next victim. Hence the aggresive advertising, and aggresive debt collecting tactics which quietly follow