The hidden dangers of online trading – BBC News

by Moin Uddin Ahmed Tipu

Since the start of the pandemic amateur day traders have turned to online trading platforms where users can buy shares or fractions of shares without paying any commission.

It’s opened up the stock market to a whole new generation of investors, but some industry insiders warn that those who are new to trading don’t fully appreciate the risks.

The BBC’s Ben Thompson takes a closer look for Talking Business.

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28 comments

Greenpoloboy3 January 15, 2022 - 5:19 PM

Don't fall for one I fell for. I was online and ended up seeing a great deal. it said I could have 100 large bars of Pure Gold found somewhere in China. All I had to do was provide my bank details, name, address etc and only pay p&p was which was £2.99. I thought "Thats an amazing deal". However it was FAKE! I never got ANYTHING, and my bank contacted me as my accounts got emptied. But Thankfully its all sorted out now. Do be careful. If you want any advice, I'm here to help. x

Ashley Curran January 15, 2022 - 5:20 PM

Just buy XRP (crypto) and hold it, don't touch traditional stocks we at an all time high in the market. And what goes up must come down

Arek Mikielski January 15, 2022 - 5:24 PM

Ada to the moon

Ismail Le MOI January 15, 2022 - 5:24 PM

#BNB invest in BNB, its never gonna drop because its literally a platform

Israeldiegorivera Genius2 The real Genius January 15, 2022 - 5:25 PM

We have a moral duty not to comply. No to discriminatory vaccine passports and mandates, it is an utter disgrace. This must not happen England. Will never vote Labour or Tory again. Disgrace

IndustrialBonecraft January 15, 2022 - 5:26 PM

People don't do the research and get rinsed. That's their responsibility.

Believe in Jesus and go to heaven January 15, 2022 - 5:28 PM
ALHAB LIFTS January 15, 2022 - 5:29 PM

Got my ass rinsed this year but was a mad life experience haha .. never touching this shit again. Used to get nightmares about margin calls 😂😂

Michael Field January 15, 2022 - 5:32 PM

What a load of bollocks. Its just gambling.

jaxsun72 January 15, 2022 - 5:34 PM

I make thousands of dollars a week stuffing envelopes from home. 🤣🤣🤣

stoufer2000 January 15, 2022 - 5:36 PM

WT the actual F is the BBC doing lately?

Zipper Man January 15, 2022 - 5:36 PM

They want you poor fat and dependent

gilkesisking January 15, 2022 - 5:44 PM

The hidden dangers of not using Wall street, FTSE, DAX.. etc, etc to trade shares for the rich is perfectly clear. The little man may take their money. Protectionist propaganda BBC and not really "news". Who funded this?

Cecil Etienne January 15, 2022 - 5:44 PM

Foolish report by BBC. No mention of stock market manipulation by hedge funds and banks. BBC mentions GME (Gamestop) but fails to mention that the stock did go up to $300-$400 and only went down when brokers like Robinhood and 10 others removed the buy button. As always you can count on the BBC not to do any research and just say utter rubbish.

Dan Jones January 15, 2022 - 5:54 PM

Despite the economic crisis, this is Still a good time to invest in Gold and crypto

Small Food 999 January 15, 2022 - 5:57 PM

Another Awesome VideO As Always * 💋

Love your Channel 💙

Small Food 999 January 15, 2022 - 5:57 PM

I respect everyone who were involved in this Seriously the best piece that i ve ever seen on YouTube 💌 Hate off to well all 💟 love your videos  ❤  ..

Heych 101 January 15, 2022 - 6:00 PM

The profession of professional trader shouldnt exist. They know its a dying career and trying to tell us retail investors arent smart enough. Bbc collaborating with these scam artists

John Graves January 15, 2022 - 6:03 PM

Me thinks that 'wouldn't touch it with the proverbial barge pole' springs to mind….

James Smith January 15, 2022 - 6:03 PM

The hidden danger is the BBC. No wonder that bloke took a hammer to their statue the other day.

JasonTheWorldisYours January 15, 2022 - 6:10 PM

As a long term shareholder I enjoyed this conversation 👍🏿💯

Apollion Sacrez Leonard January 15, 2022 - 6:14 PM
Swaminathan Deltasami January 15, 2022 - 6:16 PM

Yes! , there is dangers but fatally nowadays it became a must and dominated @ 70 % of the tradings at all. More over there are high risk frauds too.

Wilson Hello January 15, 2022 - 6:16 PM

If a monkey can beat most professional investors surely a retail investor could also beat a professional?

Muck Raker January 15, 2022 - 6:18 PM

The trick is to make sure you always buy high snd sell low.

Mat Broomfield January 15, 2022 - 6:20 PM

Ha ha ha. It's not the trading – it's that the establishment doesn't like "amateurs" messing with their money raking scheme. We all remember how trading in Game Stop were suspended when millions of "amateurs" started buying to push back against short sellers. It's okay for the "experts" to drive companies into bankrupcy, but not for penny traders to save it. The whole thing is a corrupt and rancid cesspool.

Rafaela Oliveira January 15, 2022 - 6:24 PM

Am just happy on my investment portfolio on Crypto's despite the current Dip in cryptocurrencies, had a good return $14K from my last week investment🧡

NETHERTONKNIGHTS January 15, 2022 - 6:26 PM

XRP is huge in the UK. The BBC know this. They want you out and the BBC are proving they are in bed with the Financial institutions by promoting this fear. Know what you hold.