What is influencing the growth in the number of traders?

[irhact]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.
I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

What I think is increasing the numbers of traders isn't because trading has now become easier but because the influencers in the market are now too many and they're the ones making others think they can become traders that easily. The increase in poverty and the need to make money has also made many individuals to start looking for alternative ways of making money and trading is one of the most easiest that they can find. Just because more people are trading doesn't mean that more individuals are now making a profits. We still have a high level of individuals that are losing and this isn't stopping because of quick money mentality.

[Oshosondy]

The simple answer to this is FOMO. Everyone wants to trade and see how it goes.

If the OP is talking about crypto trading, I think what causes the number of traders is crypto adoption. But also fomo could be part of it. If the adoption rate in crypto continues, more people will know about crypto trading also and learn how to trade. One thing about crypto trading is that it is also easy to know if compared to forex and others.

[HistoLock]

I agree that many people have been exposed to easy accessibility by simply downloading an app, and they can already trade. There's always a growing interest, mainly due to the increased influence and rise of cryptocurrency trading.

There are also numerous promises associated with technological advancements, such as trading bots that automate trading and can generate profits while you're away. It's also an attraction to the market.

Nowadays everyone wants to trade because cryptocurrency is now moving towards the rise. Now training has become much easier, you can trade just by downloading the app. But to trade, you have to gain special knowledge about it. Many people trade here after hearing the success stories of successful traders, but they always lose money. It is risky for beginners. So I say you should not trade without analysis.

[Dr.Bitcoin_Strange]

What influences the number of traders more is the mention of "crypto" (Having the knowledge of it) and the idea of get rich quick scheme which is popular and within reach. Go to any of the social media, before you spend a complete 10 to 30 minutes of your time there, you will definitely come across an ads  from a broker or a promotional video of someone describing trading as something that you don't need to stress for profit, they make it look as if you just have to sit, look at your screen and start making money. Realistically, trading is not simply, it's not easy, it takes a lot of consistency, patience and discipline to become a successful trader that's why many people gave alone the way.

[Rruchi man]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

Truthfully there are lots of persons more interested in trading, but not all of these persons will later transition into traders.

To some of them, it will just end at them having an interest in it but never really putting in any effort to learn, but then we will have those that will take their interest further but will not be resilient enough to see the learning process through because learning to trade can be daunting.

Only a few percent of individuals who have an interest in trading actually stick around long enough to turn their interest into profits.

[Jegileman]

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Trading may be influencing a lot of people to want to take part in it, but not so many of them will see through achieving what they want to achieve in the long run in it because of the mindset they’ve used to join trading. People are interested in trading because of the profit and lots of money traders earn through it, but not so many of them are ready to pass through the phases of trading to come out profitable.

Trading can be so knowledge intensive and when you’re not driven by this attributes as a trader, you’ll end up not making it very far in trading. Trading growth will continue to increase as the social media space is been used as platform to lure people into believing how much trading is attractive, but not really teaching them how it is important to learn the basics and come to make it through trading in the long term.

[Joy_learns_crypto]

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Where i am from the search for something to put food on the table where the government has failed is making the number of traders rise. The trading influencers and their parade of wealthy living makes the number of traders rise.
Trading content is everywhere, even those who aren’t educated at tertiary level male and female alike can become a trader by buying courses, enrolling in trading classes. The risk in trading takes a back seat to the profit one can make from it. The struggle to make it out of poverty is influencing the growth in the number of traders.

[EarnOnVictor]

The simple answer to this is FOMO. Everyone wants to trade and see how it goes.

If the OP is talking about crypto trading, I think what causes the number of traders is crypto adoption. But also fomo could be part of it. If the adoption rate in crypto continues, more people will know about crypto trading also and learn how to trade. One thing about crypto trading is that it is also easy to know if compared to forex and others.

The OP is not referring to crypto trading alone, but trading in its entire context, and of course, everyone wants to take part in the opportunity of trading, especially the new comers, regardless of whether or not it's crypto, they just do not want to miss out in this opportunity flying around, which was responsible for the FOMO I included.

Apparently, cryptocurrency on its own is a huge contributing factor to the increased trading population and diehard fans, which I also added. It's crypto everywhere, as it's the latest development of this century added to the financial market, so I don't expect less.

[moneystery]

most likely, it's all because there are many influencer traders who often share motivation for people to start trading, and this triggers the intention of many to begin trading and pursue financial freedom as promised by these influencers. but as we understand, what these influencers say doesn't correspond to the real risks that come with trading. although more people are trading, only a few are able to survive and actually make consistent profits. so, out of the many who trade, most will be eliminated and exit the market with a damaged mental condition.

[Coyster]

This is Bitget's shilling.

I thought as much too, and i went through OP's post history a little, and yes, i believe OP is shilling for this exchange. Not that it is anything new, they have a lot of shillers in the forum, but it's been a while i saw their shill posts, so i thought they have stopped that kind of marketing here, but apparently they haven't.

OP, i'm pretty sure you are not interested in the question in your OP, but rather the event you are shilling there, so good try, and not a bad topic to start in order to embed it in.

[EL MOHA]

most likely, it's all because there are many influencer traders who often share motivation for people to start trading, and this triggers the intention of many to begin trading and pursue financial freedom as promised by these influencers. but as we understand, what these influencers say doesn't correspond to the real risks that come with trading. although more people are trading, only a few are able to survive and actually make consistent profits. so, out of the many who trade, most will be eliminated and exit the market with a damaged mental condition.

In all honesty there have been whole lots of people coming into trading either spot or future trading with a very wrong narrative of actually getting rich quick. This narrative is mostly pass on from influencers on social media who I have always  are most interested in selling their course and making money that actually impacting real knowledge on people. They flaunt wealth or rather fake wealth to lure people into their mentorship programs and then sell them courses to enrich themselves.

Seriously the large majority of people coming into trading most especially the futures or leverage trading are mostly through this influencers and they hardly make it out because the idea influencing them is to make money which is not bad and also the main reason for others too but there’s is to make it fast which is why they fall out after a little period of time without results.

[Dzwaafu11]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

Actually, trading is difficult if you don’t have the knowledge of how trading works. It is very difficult to understand. The overall trading knowledge is something you need to calm down to understand, so if someone who has not been in the space before said trading is a difficult thing.

I won’t blame them because it is actually something difficult for them since they don’t have the knowledge of trading, so it will be difficult for them. Just like you said now that it’s not difficult for you, I can say even when you started learning it newly, it was difficult for you too since you were learning at that time.

[HistoLock]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

Yes the rate at which people trade has been increasing for awhile now and that may be due to so many positive results heard about trading, unlike before that people are scared thinking they'll be at loss snd stuffs like that. Irs a good sign that people are able to understand what trading is all about now and therefore are following the guide inorder to make more profits and gains.

Nowadays everyone is leaning towards trading, it has become popular now. Many people did not do it before because they would lose money, but now I see many people doing it and I hear that they earn a lot of money from it. It is easy to earn money from trading if you have deep knowledge about it. But it is not good for everyone, for many it is very easy but for me it is risky, because I cannot analyze the market well. Nowadays, those who are dating are following it for profit but they may not be aware of its risks. So I would say that to do trading, first you have to have a proper idea about it, only then can you earn money from it.

[jaberwock]

The OP is not referring to crypto trading alone, but trading in its entire context, and of course, everyone wants to take part in the opportunity of trading, especially the new comers, regardless of whether or not it's crypto, they just do not want to miss out in this opportunity flying around, which was responsible for the FOMO I included.

Yeah, not trading alone because the OP also said 'doing both now' but I don't know if what is that other. Before, I think yeah that many wants to take part of trading but now that trading is now popular, everyone knows about its downside, so for sure not many now are interested on it. For those that are interested, crypto trading has more appeal to them because it is known to be more profitable but this is also due to its high volatility state. It is seems that it is also more user-friendly than the other.

Apparently, cryptocurrency on its own is a huge contributing factor to the increased trading population and diehard fans, which I also added. It's crypto everywhere, as it's the latest development of this century added to the financial market, so I don't expect less.

OP also mentioned trading competitions there but this is one of the contributing factor on why people seem to FOMO on crypto trading.

[I_Anime]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event, and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that.

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

Many folk now into trading and the painful truth is that many will still give up at the end . Depending on the mindset they have concerning trading , some believe they can get rich quick through trading with taking their time to learn properly after seeing showcasing their wins always. All I can tell most of them is to have the right psychology and take their time to learn because trading ain’t know child play and is definitely going to teach a lot of stuff .

[knowngunman]

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event, and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that.

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

If you don't have specific numbers for comparison, we don't have something to discuss then. There suppose to be a different figures from different time frame for us to compare before we conclude there's an increment in the number of traders and then we discuss the influence and what trigger the growth.

Just like every other aspects, people enter and exit everyday. In the case of trading, people assume it's fastest way to get rich quick on the Internet, hence it contribute for having numerous numbers of registered traders but only few survive in it.

By the way, trading is not difficult but making profit from trading is difficult.

[Slow death]

Since people get involved with cryptocurrencies, they see how prices rise sharply and then drop sharply in short periods of time. This awakens the idea that they can buy when the price drops sharply and sell when it rises sharply. I searched Google to find out how many people are involved with cryptocurrencies and couldn't find that information, but although I couldn't find that information,

I'd venture to say that most people, when they enter the crypto world, think about trading, or do trade, then realize they're not making a profit and switch to a long-term HODL strategy. Regardless, I hope that at least those who are active in trading do so more wisely, because the risk of loss is very high.

[bitgolden]

Since people get involved with cryptocurrencies, they see how prices rise sharply and then drop sharply in short periods of time. This awakens the idea that they can buy when the price drops sharply and sell when it rises sharply. I searched Google to find out how many people are involved with cryptocurrencies and couldn't find that information, but although I couldn't find that information,

I'd venture to say that most people, when they enter the crypto world, think about trading, or do trade, then realize they're not making a profit and switch to a long-term HODL strategy. Regardless, I hope that at least those who are active in trading do so more wisely, because the risk of loss is very high.

Pump and dump became a way of making a move in the crypto world. Plenty of people who uses that tactic together, make unknown projects look like it's high for a moment, and then crash. So a lot of traders joined, making moves that look to be a strong move, and then we hope that they are right and we try our very best to make sure it can continue for as long as possible.

Not an easy task to handle because these newbies are trading with absolutely nothing that they can make, but it's in the end something that would be different. If you are a newbie, and want to just trade based on hype and pumps, then you are not going to make a lot of money and you are going to get a lot worse results if you are not careful with your trades.

[justdimin]

Actually, trading is difficult if you don’t have the knowledge of how trading works. It is very difficult to understand. The overall trading knowledge is something you need to calm down to understand, so if someone who has not been in the space before said trading is a difficult thing.

I won’t blame them because it is actually something difficult for them since they don’t have the knowledge of trading, so it will be difficult for them. Just like you said now that it’s not difficult for you, I can say even when you started learning it newly, it was difficult for you too since you were learning at that time.

Yeah, it takes time and it is not that easy, so it would be very tough for someone to just jump in and be good at it. I understand it may not be a great detail right now, but it should not be impossible for people to learn it, if they just give it some time.

I have seen it become an issue for many people before, but if we know trading and how long it takes to learn it, we wouldn't bother with influencers and social media. All those reels and tweets etc talking about how to make more, are usually just a way to get money for the ones who share it, not you. Just go ahead and learn how to trade yourself, there are many free courses, and if you do, then you are going to be better at trading yourself without needing anyone else.

[LogitechMouse]

Re: What is influencing the growth in the number of traders?

Profit. The profit that they're seeing online influenced them to trade not knowing how risky, and how hard it is. Well, it's okay for these newbies to let them experience real crypto trading, and if they lost, they will decide on whether they will do the same as what they saw online where they're winning, or doubling or tripling their initial capital because of trading.

I always say that "Let the newbies experience trading" because they will only realize how hard it is when they do it with real money. For most, it's difficult, but despite of that stigma, many are still trying to trade because? It's money. Well, that's why we are trading in the first place. For money. Why many people are still doing it? For money. At the end of the day, I believe that the number of traders will increase overtime, and the more traders, the more will be rekt that's for sure.