Stock trading apps, which allow participants to make commission-free trades, are drawing millions of users. The...

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Stock trading apps, which allow participants to makecommission-free trades, are drawing millions of users. The apps,which include Robinhood, Webull and MI Finance, attract users whoare typically young, new to the markets and are experiencingvolatility for the first time. Users say they check their apps asoften as their social-media accounts, trading to kill time with thehope of easy riches. Some say the risk for novice investors isreminiscent of the early 2000s tech-stock boom, when online tradingbrought Wall Street to main street. The new generation of tradersare not reluctant to be active. Charles Schwab, the largeste-broker by far, said that trading by brokerage clients hit arecord in December. Since launching in 2013, Robinhood has amassedabout 6 million clients. Still, trading remains risky. Moreover,some believe that stock trading apps can encourage people to becomestock pickers who aren't building wealth and aren't properlydiversified.
Do you think it a good idea to use an app to pick stocks ratherthan a traditional broker?

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To trade online or picking up stocks through Stock trading apps is always a good idea in comparison to having trade through traditional brokers because 1 The trading of stock is dependent on the past data and their See Answer

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Stock trading apps, which allow participants to makecommission-free trades, are drawing millions of users. The apps,which include Robinhood, Webull and MI Finance, attract users whoare typically young, new to the markets and are experiencingvolatility for the first time. Users say they check their apps asoften as their social-media accounts, trading to kill time with thehope of easy riches. Some say the risk for novice investors isreminiscent of the early 2000s tech-stock boom, when online tradingbrought Wall Street to main street. The new generation of tradersare not reluctant to be active. Charles Schwab, the largeste-broker by far, said that trading by brokerage clients hit arecord in December. Since launching in 2013, Robinhood has amassedabout 6 million clients. Still, trading remains risky. Moreover,some believe that stock trading apps can encourage people to becomestock pickers who aren't building wealth and aren't properlydiversified.Do you think it a good idea to use an app to pick stocks ratherthan a traditional broker?