Uncovered: Why Today’s Young Professionals are Trading Online

Twenty odd years ago you may have pictured the traditional investor as a middle aged to older gentleman, selecting his preferred stocks based on the business section of the Sunday newspaper and hoping that his life savings would yield handsome percentage returns to facilitate his comfortable retirement.

Today, the hip-replacement generation has been replaced in the trading arena by hip twenty and thirty something businessmen. And that trading floor that you’ve seen in the movies, well, it’s giving way to internet based, high-speed trading platforms.

That’s right, today’s trading entrepreneurs doesn’t have to be financial buffs. They simply have to follow the news and markets, and let’s be honest, in our overly-connected world, we are all doing that anyway. I challenge you to find a young businessman who doesn’t see the day’s top stories on his twitter or Facebook feed, or on the news app or blog he checks out on the way to work.

The accessibility of online trading to this generation is a huge part of the appeal. Many testify how quickly and easily they can now place a trade on their smartphone. And in response to demand, online platforms have simplified the trading process. Instead of profiting just a few percentage from the change in currency exchange rates or stock values, now you can place a trade on an asset going either ‘up’ or ‘down’. These so called binary options trading platforms are hugely popular with those who want to profit from their estimate about the asset direction, without them having to spend precious time analyzing the exact price points.

28 year old technician Stephen Bradley is excited about his new found love of trading oil. “It’s on the news all the time!” he tell us. “Last year prices went up because of ISIS and concerns about the threat to supply lines in Iraq. Then they fell dramatically low because America has increased production and Saudi Arabia wants to keep supply high. I don’t have to predict what will happen ahead of time. I just follow the latest trends and then trade ‘up’ or ‘down’. To be honest, my friends thought it ridiculous at first because I was never into economics and math, but then they saw how much money I was making from it and now they’re trying it too. So I got the last laugh!”

Carlos Adams is a 33 year old Start-up CEO who has been trading binary options online for over four years. When he started, he said that he was one of the first people he knew doing it, but now several guys in his office are also trading. “I’m into tech stocks mainly – Apple, Facebook, Google, Alibaba. I’m always reading tech blogs and want to have the latest gadgets so I knew straightaway when Apple launched the iPhone 6 or when Facebook has bought WhatsApp for example. I check which way the stock price is affected and I trade the direction. I’ve been trading currencies on the side too like the GBP/USD and the EUR/USD which has been pretty profitable recently.”

Young traders like Stephen and Carlos are hungry, well- educated, and motivated. They are part of the generation that knows what they want and they set out to get it straightaway. And trading allows them do just that. Today’s young professionals are more clued up and connected than ever, and they are trading a range of things on online binary platforms, from commodities and currency pairs to the hottest stocks. They love the thrill of how quickly they can place a trade and profit with just an internet connection.

And what are they doing with the profit? You can forget about retirement savings. The modern trader is more concerned with an adventure holiday or the newest piece of technology. Or, if they are forward planning, the money made goes straight towards their mortgage fund. Stephen is now hopeful of becoming a proud home owner in just a couple of years which would never otherwise have been possible in the current economic climate. It’s no wonder his equally ambitious peers are catching on to the trend.

Tags: currency trading, Investing, Investment

Category: Binary Options, Investing