The rise of amateur day traders
App-based share trading is causing a stir in global markets
When shares in the apparently declining games company Gamestop soared almost 2000% in less than a month, the world鈥檚 attention was drawn to an army of amateur investors on new mobile trading platforms such as Robinhood. Investment author Ann Logue breaks down what makes these amateur traders different from regular day traders, and we鈥檒l hear from one such amateur on the ups and downs of playing the market. Professional investor Bill Brewster speaks about what responsibilities the new investing apps have in making sure their users are informed both about the risks and how the apps actually work, and Barbara Roper of the Consumer Federation of America suggests where regulation can play a part. We鈥檒l also hear from day trader and YouTuber HumbledTrader, who cautions people from getting into the game without doing their own research.
Producer: Marie Keyworth.
(Image credit: Getty Images.)
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- Wed 10 Feb 2021 08:32GMT大象传媒 World Service
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