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.
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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.
