Life and Shares: Ep 03 - Is trading gambling?
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Life and Shares: Ep 03 - Is trading gambling?
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For the first two months of COVID, nearly 5,000 Australians opened an online trading account… every day. Eighty percent of them lost money.
So, is trading gambling? We speak with a clinical psychologist who’s concerned about the lack of awareness and resources for people addicted to trading. We also speak with co-founder of the International Day Trading Academy Cameron Buchanan, who admits that while trading is gambling, he thinks there’s an essential difference.
Life and Shares is a four-part series that helps you understand the rules of the game so you can make informed decisions. This podcast is presented by The Ethics Centre, an independent not-for-profit that advocates for a more ethical society. Our work is made possible by donations including the generous support of Ecstra Foundation - helping to build the financial wellbeing of Australians.