Online trading has been around for many years, and during the pandemic, its popularity among inexperienced investors increased tremendously.
Bored at home, many are turning into the stock market and experimenting for entertainment and profit.
According to data analyzed by Cerulli Associates, trading activity has increased dramatically in the first quarter of 2020 compared with 2019.
Recent reports show that visitors to websites giving instructions on trading stocks have nearly quadrupled since January. Meanwhile, trading apps are seeing a surge in business.
What is all the fuss about? And should you also be trading online?
Trading is the fastest and easiest way to make money online. Technological advancements have made it possible for the common person to invest and get higher returns than any investment firm or bank could ever match.
Another advantage is that online trading can give you control over your investments and profits. You can trade whatever you choose, whenever you choose, with as much money as you want to invest.
Getting curious? Watch the video to learn what is trading and how it works:
Should you start trading if you have no experience?
The idea of investing makes you feel intimated and clueless about when and where to start. You might think that you don’t have enough money or knowledge to begin your investment journey.
You are probably saying: “I will wait until I have a better job” or “I will start investing next year.” Maybe you are paralyzed by doubts and uncertainties deriving from the fact that you have no experience or knowledge.
But the truth is that there will never be a perfect time to start investing. Start now with what you have and keep adding to it.