— a method that helps to even out sharp drops in the market and gives investments a longer time to grow.
"Neither of those are calming colors. Red is very much a fear-associated color; it's something that kicks up your adrenaline quite a bit. Green is also a little bit of an exciting color," Egan says. Many investing apps use these colors to grab attention and elicit emotional responses from investors. "They tend to show you [your investments] over as short a time period as possible by default. You log in, and start by seeing what happened generally today or yesterday. Since markets tend to even out with time, there's a better chance that you'll open you home screen to see red when set to this short-term view."
"These things are making investing much like gambling or something that's more like entertainment," Egan says.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here's how investing apps encourage people to trade more often - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Data: 50% of millennials are waiting to invest until they earn more - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market sell-off: Investing strategy, how to trade for recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The Matrix Feeds The Matrix - Sometimes
Source: BusinessInsider - 🏆 729. / 51 Read more »
White House chief of staff: US may ban more Chinese apps - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 9 years in Cambodia and the US makes it look like Disneyland here compared. What a joke and this is not a dig at the citizens as (American/Irish) but my god looks like Somalia on TV. Hope the people of America understand what the world thinks and i'm not talking about BBC/CNN. How about stopping business / trade with China? (completely) Politicians are filthy. When will we learn China does not have our best interest in mind? India🇮🇳 banned 224 Chinese 🇨🇳 apps. How many Chinese 🇨🇳 apps, banned by US 🇺🇸 till now?
Source: BusinessInsider - 🏆 729. / 51 Read more »