The stock market can be an intimidating world for beginners, or even for intermediate traders.
With technology developing rapidly, as well as entrepreneurial endeavors such as stock trading services, it may be less intimidating than you think!
The Future of Stock Trading
Stock trading isn’t just for Wall Street veterans anymore. We’re giving you the lowdown on some trends we think will shape the future of stock trading, and what that means for how it currently functions.
Stock Trading Services
Stock trading has evolved over the years, appealing to “everyday retail traders” and helping them trade like a “Wall Street shark.”
One way this is allowed to happen is with the emergence of stock-picking services, such as Automatic Fortunes. Services like these make stock Trading easier, as you have “established finance veterans,” in this case Ian King, guiding you along the way.
Services like Automatic Fortunes are highly recommended for young traders with a surplus of time to trade stocks and build for their retirement. Furthermore, they’re suitable for every trader, whether they’re a beginner or an expert in the stock trading world.
These services will cost you an annual fee, such as $97 for Automatic Fortunes. The fee will feel worth it when it eliminates some of the stress and decision making involved in stock trading.
The CNBC states that electronic trading has “displaced many stock trading jobs.”
The need for human stock analysts will likely drop drastically in the future, being replaced by artificial intelligence, who will be more capable of keeping up with “massive amounts of information.”
Don’t worry too much about this daunting and slowly diminishing need for human work ethic, as there will be more jobs for human beings in the future world of stock trading. There will still be a need for people to fill the positions of roles like management consulting, computer systems analysts, and software engineers.
Likewise, CNBC is confident when they say Wall Street “staples” such as technology officers, compliance officers, investment bankers, private equity and statisticians will not be going anywhere.
Technological Advancements and Artificial Intelligence
Our world is becoming more and more digitized and electronic, and stock trading is no exception.
CNBC confidently declares that in the future, we will be able to customize our own avatars to assist us in the world of stock trading. “Financial information will explode,” thus creating a need for more automation and assistance.
Similar to an Alexa or Google Home device, if you have a sudden hunch about something, you can address your assistant and they’ll quickly get to work for you.
Have a bad feeling about some shares? You can ask your electronic assistant to “adjust your portfolio to lower your exposure.”
What’s more, automation makes our lives easier.
Technology has advanced and will continue to advance, so much that we sometimes forget this fact. The New York Times claims that, while this is true, in the future artificial intelligence should complement and aid human beings in the stock trading world, more so than replace them excessively.
Conrad De Aenlle claims that artificial intelligence is a significant factor for the future of stock trading. He asserts that artificial intelligence has the “ability to analyze data and actually learn from it.”
Furthermore, it is “considered useful in executing certain investing models, such as high-frequency trading, and in helping fund managers with tasks that rely on gathering and interpreting reams of information.”
Despite the clear efficiency that comes with artificial intelligence, one shouldn’t worry too much about a complete overhaul.
Although there is a complete void of emotional interference, artificial intelligence will not be able to replace human capability in certain sectors. For instance, the final decision making will still be up to human beings.
Aenlle writes that investment professionals will, in the future, still have “final say.” This is due to their ability to outperform artificial intelligence when it comes to sound judgment. It also includes the lack of risk involved with a person who concludes a process associated with stock trading.
How Much Can Really Change?
In conclusion, it is clear that technological advancement, automation, stock trading services, and an explosion of financial information are likely factors to consider when discussing the future of stock trading.
Employment opportunities will change, and Wall Street will adjust accordingly to rapid changes, all the while maintaining its dominance.
Most financial experts and professionals assert that human presence and expertise will likely always be critical in the world of stock trading, regardless of the presence and advancement of artificial intelligence.
Stock trading may become more appealing and less intimidating, and young traders will be able to get their foot in the door with more efficiency with the aid of stock trading services led by financial experts, such as Automatic Fortunes.