Comment by OJFord
2 years ago
Sure. This is a financial instrument used by industry professionals though, not just an 'app'.
You can (and some people do) call buying shares 'gambling' too, at some point it just comes down to what our definitions are and it's not very interesting.
There are professional gamblers (pro poker?). I think I understand the spirit of what you're trying to say, but CFDs are absolutely a gamble, like most investing. It just doesn't have the same stink of "casino gambling," it's a fresh cut, cologne wearing, suited up form of gambling.
> absolutely a gamble, like most investing
Yeah well like I said, definitions. If most investing is gambling then sure, I just don't find that useful.
Anyway the initial comment I was responding to was 'looking for my broker but got CFDs'; my point was they got a different broker. It's still a bad search result, but it's not a weird scam, it's just a competitor. It's not the same as looking for my bank but got crypto exchange at all.
gambling (noun): the practice or activity of betting : the practice of risking money or other stakes in a game or bet
This is the actual dictionary definition of how I would describe investing to someone who'd never heard of it. Investing money is gambling. It's not a bad word or something to be ashamed of, and I'm not trying to be a pedant (I say as I type a long comment starting with a dictionary definition), I just think it's important to recognize & remember at all times so you don't lose everything.
I get what you mean about the broker app. App store searches are bullshit.