The democratization of trading has transformed the market landscape. New data from major brokerages reveals stunning shifts:
What's driving this? Beyond the obvious tech advances, psychological factors play a key role. Studies show that gamification elements in trading apps increase engagement by 312%.
But here's the catch: while access has improved, success rates haven't. Only 13% of day traders remain profitable after one year.
The lesson? Democratization doesn't guarantee success - it just lowers the barrier to entry.