Before the advent of the internet, those who wanted to make any investment had a hard and complex research job ahead of them.
Now that we have spent two decades of constant Internet growth in our societies, it is a good time to review how access to the information necessary to make an investment with certain guarantees of success has been democratized. And it is that, until not long ago and surprising as it may seem, this access was limited to a privileged few with access to certain resources. But the arrival of the network of networks in our lives has forever changed how we understand financial intelligence, how we access economic information and how we operate in financial markets.
A paradigm shift in information that has renewed interest in trading:
Before the arrival of the internet, those who wanted to make any investment had before them an arduous and complex research work not accessible to everyone. Expensive stock market and statistical yearbooks had to be purchased for thousands of pages with virtually illegible font sizes. Or you had to go to the companies themselves to try to see in first person where we were going to invest our money, with all the difficulties that this entailed. This is how Warren Buffet managed to consolidate the stock market empire that he owns today. But today, fortunately, things are much more accessible and access to information is easier, as we will see below.
The irruption of social trading opens new avenues for investors:
The Internet has undoubtedly been one of the catalysts of interest in online operations in financial markets. At the click of a mouse, it is possible to open and close operations in real time thanks to the internet. Gone are those awkward days when we had to phone our broker and fight him so he would listen to us when buying and selling financial assets. But the revolution has not stopped there. The advent of what is known as social trading has forever changed how we invest and to what degree of financial intelligence we have access. The CopyTrader technology, available on this online trading platform, illustrates this change very well: traders can connect with other investors, discuss strategies and automatically copy their stock portfolios. Last year, the annual media profits of the 50 most copied investors on this platform were a not inconsiderable 29.1%.
Investor social networks also facilitate access to financial information:
The last decade has been marked by the definitive consolidation of social networks in our lives, such as Facebook or Twitter. But did you know that there are also social networks specialized in sharing very interesting financial information? Without a doubt, in recent years Tradingview has stood out, a social network for traders, in which its members can share charts of Japanese candles, access infinity of technical analysis instruments and even vote for the best ideas published. It is a very useful network especially for those who are starting out in the fascinating world of financial markets, because it offers very valuable information when it comes to carrying out our operations.
Multimedia platforms are also behind the democratization of financial intelligence:
The huge amount of training videos that are freely available on video platforms such as YouTube has been a real revolution in access to true financial education. After a simple search, we will be able to access training trading videos that will give us very useful information on portfolio management, fundamental analysis or technical analysis … at zero cost! This is possible thanks to YouTube’s business model based on non-intrusive advertising, which rewards content creators. And it’s not just YouTube who lives who wants to improve their financial intelligence: the maturation of virtual learning platforms (there are many currently available) is changing the way we train financially. The example of Udemy stands out, which offers a fully multimedia learning platform with free or very low-cost training, but with the highest quality guarantees.
In short, the internet has forever revolutionized the way we develop our financial intelligence. What was a tiring task just over 20 years ago has become a stimulating, dynamic, entertaining and affordable process. It seems that we are running out of excuses for not improving our financial skills. It would be a shame to miss the opportunities offered by the internet.
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