What is influencing the growth in the number of traders?

[Questat]

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.

Yes, there are a lot of traders right now who are losing but there are also a good number of traders who are already in profits, and as long as they’re still in profits, they will also continue to tell successful stories of them how trading helped them and how it can be helpful in the future as well especially if you have made it big through trading. But still, trading is risky, but eventually some traders have learned to managed it well throughout their whole trading experience.

[harapan]

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.

Very well then in as much as trading is not for the weak but then there's something that is influencing the growth which is profits, so the higher the profit the higher the chances of being influenced by growth or other factors. So basically profits is what has generally influenced and outrun the growth in the number of trades.

[HustleZ]

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.

I think trading is growing massively because of the delusions influencers sell to the people. They make trading seem so easy by showing only big profits and expensive cars etc. and tell they are away from these by just a trade. This is why most traders fail because they dont even have a plan they just buy and hope it goes up. They think trading is buy low sell high but in reality it is much more than that. Its about risk management, perfect entries, a good stop loss an exit plan good psychology and many many more. The influencers just sell their course and dont care if their viewer lose or in small cases win.

[Synchronice]

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.

And trading is difficult, nothing has changed. It's a well-known fact that only 1% make it in trading, the rest of the people lose and this 1% earns what they lose. The growth of trading is influenced by how easy the trading itself is and how profitable it can be. Trading isn't very different from gambling, they share very similar patterns and gambling is a very popular thing in the world. These days, more and more people have access to trading websites and there are also tons of trading influencers who sell their scam product about how to trade effectively, so all of these summed together influence the growth of the number of traders.

[Jaksonhard]

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.

Trading is always risky, I never claim that trading is easy. Because a professional trader loses to the market many times, there is no guarantee that you can win every trade. When you can gain a lot of knowledge about trading, then your market analysis may be a little easier, but you cannot say for sure that you can win in that trade. I think you need to test the market a few times before making each trade, if each of your tests is successful then you can continue your trade.

[el kaka22]

I would guess the income of the existing traders showing up online. There are so many people who are making money online and that means we are going to see a lot of people make a mistake if they are not careful but people do not share their losses that commonly. That would be quite good and I would assume that people share their profits and success a lot more. Others, who see those things, end up wanting the same and they do not get the same result as they would otherwise get.

That is the most common thing and I am assuming it is going to be a tough thing to make a profit based on just envying someone else. So focus on how to get a greater return all by yourself, and not based on what you see online and how others are doing. Don't compare them to yourself, because they only share the good side.

[SquirrelJulietGarden]

I would guess the income of the existing traders showing up online. There are so many people who are making money online and that means we are going to see a lot of people make a mistake if they are not careful but people do not share their losses that commonly. That would be quite good and I would assume that people share their profits and success a lot more. Others, who see those things, end up wanting the same and they do not get the same result as they would otherwise get.

With Internet and technology advance recent years, more and more people now are mainly working online at their officies or even remotely at their homes. They can work, earn money online but from other jobs and use their money for trading. Unfortunately, trading is not easy and most traders lose money in trading so working online for money, and spending as well as losing it for trading online.

I think you forgot to mention about this when saying about working online and getting money. It does not only or mainly come from trading. Online income can come from many other activities while I am quite sure that most of traders lose money.

[Marykeller]

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.

As Trading is becoming more accessible that's how the losses are. Many trades have had losses that they can't imagine, but some who are perfect in trading have made trading their profession, so that they can feed on it.

However, people's goal of trading is certainly to make profits within a short time. That's the reason why people who learn trading as a means to make money are willing to pay the huge amount they are asked to pay before learning trading.

It is good that we have good number of people into trading, but not for trading to serve as a full time job or for one to be greedy to lose their senses on when taking profits

[rachael9385]

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.

I would say that what inspires and influences the growth in the number of traders is the need to get Rich. A lot of people have cracked the code when it comes to trading and they are making money from it. This is rapidly increased the number of people that are becoming interested in it. People believe in results, once they see that something is working they don't need anyone else to convince them

[tvplus006]

...Online income can come from many other activities while I am quite sure that most of traders lose money.

There are statistics according to which 70-90% of traders lose their money - https://www.quantifiedstrategies.com/what-percentage-of-traders-fail/ I think that if newbies were familiar with these statistics, they would be more responsible about trading, and some may have refrained from trading.

[Miles2006]

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.

Trading is considered difficult till date, probably researchers are trying to learn and I see nothing wrong maybe just gaining the knowledge then giving it a try afterwards some might decide to stop trading activity due to how complex it might be either you have to stay patience and endure every loss else you quit. Aside giving it a try few are just interested in profit making, gaining the knowledge is not a guarantee you’ll win always rather trading is all about luck, sometimes you get it right while the market price is at the corner.

[batang_bitcoin]

It's good to see that the community is growing with enthusiasts, investors and traders. But not only looking at the growth of the numbers involved on trading but also the influence that people see on social media nowadays in order for them to have another source of income. That's the first thing that comes to the mind of the new ones that have came in because they saw some influencer shared how profitable they were with their trades. Not gonna lie that it's an effective way of taking more people to trading but they do that for the commissions and shilling of projects. With this growth, it's also giving the uncertainty and scare that there will be more potential victims from these type of people.

[Odusko]

The simple and straightforward answer to this is that, people goes where the money is, and most times there is this assumption that gambling is a quick way to make money, although this statement is just a prejudice and stereotype one, and for that reality have pointed those that have such assumptions in their place with heavy losses, but then traders still keep growing in their numbers till now although some manage to learn their way through when they discovered that trading is actually not a get rich quick thing.

[Sanitough]

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.

Very well then in as much as trading is not for the weak but then there's something that is influencing the growth which is profits, so the higher the profit the higher the chances of being influenced by growth or other factors. So basically profits is what has generally influenced and outrun the growth in the number of trades.

I would say it’s more on the greed that motivate the new traders to enter in the market, but it turns out that not all of them are making good profits, but majority still suffer from consistent losses. However, despite of the said fact, trading these days continue to steal the spotlight, and for me, that’s because of the growing crypto influencers that continue to hype trading, though in reality trading isn’t making them all profitable in the end.

[shinratensei_]

The simple and straightforward answer to this is that, people goes where the money is, and most times there is this assumption that gambling is a quick way to make money, although this statement is just a prejudice and stereotype one, and for that reality have pointed those that have such assumptions in their place with heavy losses, but then traders still keep growing in their numbers till now although some manage to learn their way through when they discovered that trading is actually not a get rich quick thing.

Other than the fact that people going where the money are.

Trading has become more accessible with internet. I can see the surge of trader when mobile phone become power enough and there are trading app everywhere being created.
It's a lot easier when you have access to stock market or crypto market in your hands 24/7. Such thing never existed back then, everyone doing trading either manually or through trading terminal.

Now you can even getting started with money as low as $1 and start your trading journey. Just technology advancement paves way for people to access trading platform better.

[tvplus006]

Yes, there are a lot of traders right now who are losing but there are also a good number of traders who are already in profits...

Yes, indeed, most traders suffer losses, despite the fact that we are currently in a bull market and, as you know, it is much easier to trade in a bull market than in a bear market. So I can assume that when the bear market starts, the number of new traders will decrease significantly.

[Davidvictorson]

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. I even read that one of the earliest Bitcoin adopters wants to turn 100USD to 1000USD and higher through trader and have opened it up for people to join this trading challenge. He even went further to drop some strategies for this to be achieved. And because he's a big influencer or popular in the crypto trading community many people are joining him. It shows how very fast that the community is growing. In few years, we'll have more. But how many of these people are actually profitable?

[justdimin]

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. I even read that one of the earliest Bitcoin adopters wants to turn 100USD to 1000USD and higher through trader and have opened it up for people to join this trading challenge. He even went further to drop some strategies for this to be achieved. And because he's a big influencer or popular in the crypto trading community many people are joining him. It shows how very fast that the community is growing. In few years, we'll have more. But how many of these people are actually profitable?

Community growth is basically thanks to online world being so connected globally. You can have it like Noahs ark, but instead of animals, it's 2 people from every nation. That means, we are all speaking English to understand each other, but we are a whole world, as one. That allow us to be bigger than anything else, maybe gold has that, but aside from that nothing has it.

Even the biggest stock market in the world, which is American ones, have global companies, but not the whole world, not the retail investors, you do not get to see 120+ nations, all bringing at least few thousand to a few million people, to some even tens of millions of people. Which is why it's obvious that we are not going to see this be replicated ever again.

[Abu-Naim]

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.

Nothing has changed from the fact that trading hard, but if you check the world now, social media influencers are taking control of our emotions that’s why you will see a lot people joining trading just because they are been convinced to join even though they have no knowledge and understanding about trading, and this can be categorized as FOMO.

Most of the large numbers might be depending on signals from their mentors and influencers that is why you will see high number of traders and less number of people showing their pnl online to share their success.

[Asiska02]

~

Nothing has changed from the fact that trading hard, but if you check the world now, social media influencers are taking control of our emotions that’s why you will see a lot people joining trading just because they are been convinced to join even though they have no knowledge and understanding about trading, and this can be categorized as FOMO.

Most of the large numbers might be depending on signals from their mentors and influencers that is why you will see high number of traders and less number of people showing their pnl online to share their success.

The rapid growth of people joining trading now is due to fear of missing out. In this age and time, the social media is being used as a tool to draw people’s attention into what’s really trending that time. And with the fancy presentation of trading, it made it easier for people to easily develop interest and begin to trade even without knowing the pros and cons of it.

Trading is actually not easy, but they made it look so easy to them and make the lifestyle an enticing way to lure them into trading. Now, the percentage of people joining trading is increasing, but till date the percentage of successful traders is not fast rising as the number of traders coming into the trading market. It can only be one thing, giving up, running away from it because they can’t cope with it and will bankrupt them faster than they can imagine.