The number of traders is increasing more than before as more people are generally becoming more interested in ways to become more financially independent and as thus in search of skills like trading.
Does the number of traders directly affect the volatility of the market? If it does, can we assume that trading was easier before with less traders (less volatility) than now when there are more traders, and the market more volatile?
That can somehow contribute to the volatility of the price as every trader have their own strategy and we all have to buy and sell as a trader, and those traders makes the market active 24/7. Though I don’t agree that it is better before where we have few traders because traders create liquidity as well which is very important in the market. The market volatility depends on many issues and concerns, the volume of trade is just one factor.