Social trading platform conducted an analysis of 10,000 retail investors from 13 countries in order to determine their receptiveness to applying new technological trends when making investment decisions. The data revealed that 35% of the investors were open to using technology to guide their trading choices. However, 40% firmly opposed this idea.
The 19% of traders who have expressed an interest in using AI to enhance trading aren’t the most experienced or the youngest. They are between 35 and44 years old and have already started using these innovations to save both time and effort when it comes to trading.
Ben Laidler is the Global Market Strategist at eToro.
“Consumer AI tools are seeing the fastest growth rates of any technology in history, and it’s no surprise that early adopters are starting to use them for investing. These older, wealthier, and more experienced investors are pioneering the investment use cases, from background research to stock-picking, that others seem increasingly likely to follow.”
Gary Gensler was the Chair of the Security and Exchange Commission, (SEC), and he warned this month that AI might sabotage global economics. He said:
“AI may heighten financial fragility as it could promote herding with individual…