The COVID-19 pandemic and lockdowns have given rise to a new breed of investors - the "Robinhood traders".
Who is a Robinhood trader? He is a newbie to the world of stock trading. The coronavirus lockdown forced him to stay at home for months. His savings rose as he cut spending on things like travel, entertainment, commute, shopping etc.
Stuck at home and with some money to move around, he turned to the internet to learn about stock market investing to make a quick buck. A Google search, a few YouTube tutorials and perhaps reading “Trading for Dummies” equipped him with the basics about the world of investing. The long list of easy-to-operate brokerage apps meant that he was spoilt for choice. And the sea of commentary on stock fortunes on Twitter meant that he had access to market grapevine.
Now, such traders are influencing stock markets around the world, including in India. Click link to know how: https://transfin.in/who-are-the-robinhood-traders-in-the-indian-stock-market
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Therefore, it becomes quite tough for the stock traders to consider the people so they would like to invest in the stock trading market.
But over time, people started believing in them and now when it comes to investing in the stock market they would highly prefer the stock trading mobile app.
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