He said:"They have gone from handpicking stocks in a pandemic-fueled bull market to diversifying and stabilizing their investments with ETFs in the 2022 downturn.”, said they observed a change in spending behavior — especially among Gen Zs — during the pandemic. “Retail investing exploded during the pandemic…Trading apps, available through the Apple App Store have become increasingly popular… setting a new standard as banks can’t get away with charging high percentage fees.
Yet, the road ahead is not without challenges. Some platforms like Robinhood and Freetrade have seen their valuations tumble due to"subdued market conditions." But Marios Chailis, CMO of online brokerage firm Libertex Group, stresses that while these apps unlock new doors, the fundamentals of trading remain the same."Principles like diversification, risk management, exit strategies, and price targets remain core to retail investment,” he said.
As the trading app phenomenon continues to grow, predictions for the future are exciting. Artificial Intelligence and machine learning are ready to steal the spotlight, creating personalized trading experiences that are tailored to each individual. Indeed, the era of AI-powered investing strategies is already upon us, with algorithms analyzing news, market data, and trends 24/7 to offer recommendations tailored to user preferences.