New CommSec tool helps retail traders to grow their investment knowledge
CommSec has seen a 200 per cent increase in investors seeking executional information via the website, such as ‘how to place a trade’, over the last 12 months.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Regardless of one’s experience level, there is always more to learn. This is particularly relevant for those investors who started their investment journey during a year of unprecedented trading activity.
According to CommSec data, the number of first time traders more than doubled since February 2020 (18 per cent compared to 8 per cent pre-COVID 19). The majority of these new CommSec customers (83 per cent) were under 44 years of age - a 17 per cent increase compared with pre-COVID trends.
First time traders contributed around 10 per cent of total trades since February 2020, compared with 4 per cent before COVID.