Online trading opportunities are riper than in years past. Catalyzing the uptick in online trading would be the detrimental Coronavirus, which laid havoc on small businesses and large organizations worldwide. Despite the widespread effects that the pandemic had across the globe, various industries served as primary recipients for allocating unforeseen funding and significant increases in user demand.
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Among the core contributors to the increase of online trading would be the strict governmental travel restrictions and lockdowns. Vacation, stimulus, and other traditionally tapped income sources started fueling online trading as more consumers sought ways to support their loved ones financially. This uptick in online trading was further fueled by the millions of people worldwide who lost their jobs. The result? The online trading industry experienced tremendous growth.
Among the sectors in online trading most influenced include:
- Mobile App Trading
- Robo-Advisor Trading
- High-Frequency Trading
- Automated Wealth Management
Mobile trading applications, like Robinhood, experienced explosive surges in their user base (from around 3 million to 13 million), and the increase in user-base is still expanding significantly. The same growth analysis applies to Robo-advisor trading, which has generated more profitable trading results than human traders on a statistical basis; therefore, keep an eye out for emerging Robo-advising trading platforms.
High-frequency trading, also known as algorithmic trading, is becoming more popular across financial institutions and retail investors (with access to HFT platforms). HFT is the only online trading style centered around generating profits from price fluctuations seen across trading platforms. As a whole, HFT’s primary market hurdle is accessibility. Automated wealth management is surging, especially amongst Millennials and Generation Zs, as it’s well-known that social security will likely deplete near 2035.
Online trading is becoming less strict (as online trading became heavily regulated and enforced over the past half-decade) and more accessible than in years prior, leading to increased business opportunities with the online trading arena.
