Since the start of the pandemic amateur day traders have turned to online trading platforms where users can buy shares or fractions of shares without paying any commission.
It’s opened up the stock market to a whole new generation of investors, but some industry insiders warn that those who are new to trading don’t fully appreciate the risks.
The BBC’s Ben Thompson takes a closer look for Talking Business.
#BBCNews
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43 Comments
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
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Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
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I a beginner in trading in this news give more information about the market fall and risks in our market. I want to share an incident in my life happen sometimes I get messages from websites to buy —- company stock the price up on future so I couldn't research i rapidly buy the — stock the first one month the stock has boomed but after months the stock price was falls I losed around 30% of my stock price. So after effect of this incident I study some techniques such as moving average , ROE…. This tools help me for finding best stock. This my conclusions that not buy any stock without a proper research ,and market is very risky so only put a affordable amount only.
I am a day trader. I lost a lot of money in the stock market but continued learning.
Stocks, like any thing else (comic books, Pokemon cards, etc.) are only worth what someone else is willing to pay for them…
I keep thinking of this scene from "Men In Black":
Will Smith: "People are smart…"
Tommy Lee Jones: " A PERSON is smart. 'People' are dumb, panicky, dangerous animals, and you know it…"
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the people who win at trading today are no longer hedge funds and traders. it’s the coding and math nerds.
BBC seems to have been living under a rock with claims like @1:20…there were no problems for retail traders to trade online a decade ago!
BBC is like watching kids television the way he speaks. So dumbed down its unreal.
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Last week, Warren Buffett talked in BBC NEWS on how investors and traders can make millions. Her recommended an Expert called "Layla Claire Wondering if viewers here are familiar with she's services..?
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Most times it amazes me greatly the way I moved from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
Nice video and great work,I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment?
You loose alot
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Platforms like Etoro will quote you a high price for a stock so that as soon as you buy they make a profit. When you sell they will also price it lower pocketing the difference. You multiply that by how many trades a day trader makes in a day then multiply that by how many people actually day trade and the profits become apparent. It makes sense since these platforms claim they don't charge individuals anything to trade but they do because the price you buy the stock at are incorrect.
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