eToro Makes Forex Trade Child's Play

Re:eToro Makes Forex Trade Child's Play by chaostheory on Tuesday November 27, 2007 @08:34PM (#84089)

I don't think it's stupid (maybe it is if you only thought of it as a finance trading tool) - but like TechCrunch pointed out it's pretty much online gambling in disguise, but legal even in the US (at least that's my guess)

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Re:eToro Makes Forex Trade Child's Play by rms on Tuesday November 27, 2007 @08:52PM (#84093)

What is the target market for this service? If it's the same market as Draftmix, I don't think this site will be able to attract enough gamblers.

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Re:eToro Makes Forex Trade Child's Play by chaostheory on Tuesday November 27, 2007 @09:01PM (#84095)

given the appeal of day trading and gambling to a certain portion of the population, I'd wait and see

I think when the US gov starts stomping harder on gambling companies that it deems illegal (which it already has to a degree - even with bad repercussions from the WTC), we'll see what happens with this company

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Re:eToro Makes Forex Trade Child's Play by gap on Tuesday November 27, 2007 @11:01PM (#84122)

I think one of their major trade fairs is held in Las Vegas. They definitely do not call it gambling, but they target the gambler profile.

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Re:eToro Makes Forex Trade Child's Play by rms on Wednesday November 28, 2007 @05:24AM (#84194)

OK. My title was wrong -- what these people are attempting is certainly very clever and the profit margins are such that they can't really lose.

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Re:eToro Makes Forex Trade Child's Play by axod on Wednesday November 28, 2007 @04:12AM (#84184)

I agree, although playing online poker is kinda fun. Watching a tug of war between 2 currencies? Doesn't really have the same appeal.

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