Whatever the case, whether it is the spirit of not wanting to be left behind or the fear of missing out, young investors as wells as most businesses have evidently proved that they don’t want to be left behind in the traditional world of finance. In the traditional world before the 21st century, those who wanted to move their funds had to go through the intermediaries or banks in other terms. With the emergence of finance technology, today consumers have the opportunity to engage with each other directly without having to go through the intermediaries or banking institutions.
Everyone is involved in trading and especially the millennials. In this generation, trade is mandatory though there is no much investment in this current generation. One would argue that the primary cause of this if fear and technology. Another reason behind this is that millennials do not have enough capital set aside for investment, though this reason does not hold much water. Today everyone is a trader and this is very impressive. The ads are all over on the internet in most websites or pages stating that you can become a pro trader within no minute with an aid of trading apps and platforms such as MT4 webtrader.
Online offers best platforms for everyone especially the millennials where they can trade. These platforms include trading apps and the likes. There are so many online platforms for trading enough for everybody. These platforms are very friendly and easy to use; you can easily access them whenever you need them and whenever you feel like without having to ask for assistance from professionals. This is one of the reasons that have encouraged so many millennials to join the financial trading world.
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Some recent studies have shown that millennials are somehow confused by the stock market. Another study has also proved that about forty-three percent of millennials trust cryptocurrency than the stock market. Millennials are by far the largest supporters of cryptocurrency. The majority have more trust in the crypto market as compared to the stock market. There has been an overwhelming bearish market in the crypto industry, perhaps this is the reason behind the investors’ confidence, most coin prices down between 80 and 90 percent. There is a promising prediction of bitcoin exchange trade funds becoming true this year. There is a greater hope of more traders especially the young citizens joining the industry. About 90 percent of the millennials have promised to invest more in the digital assets if and only if the traditional financial institutions create such options.
There is a theory that states that the younger the millennial the less likely they are to invest. This has been witnessed in the past decades but is soon vanishing. It used to happen so in the recent past because the generation was just entering into the market and they also had decades to work before retiring so they were not seeing any need for investment.
Why are more millennials entering the market today? The simple answer is that it is because they have all the opportunities, it’s because they can. This generation has all that it takes to enter into the market. There are dozens of trading apps like MT4 webtrader and others that are easy to install and use. Another greater advantage that this generation enjoys is that there are so many platforms and brokers to choose from. Some brokers will allow you to start trading even with little as less than a hundred dollars.
Today, the trading has been made easier and so exciting that anyone would wish to join especially the digital generation. No more excuse of lack of funds, youths can today start trading with a very little amount of savings and the trade itself is so exciting. Another exciting thing that makes trading so interesting for millennials is the fact that trade is so quick, you don’t have to wait for years to get your returns. Millennial is the first native digital generation and they are the most connected. In this generation, everything seems to move so fast and with a lot of ease, this is what the millennials love the most.
