~
Nothing has changed from the fact that trading hard, but if you check the world now, social media influencers are taking control of our emotions that’s why you will see a lot people joining trading just because they are been convinced to join even though they have no knowledge and understanding about trading, and this can be categorized as FOMO.
Most of the large numbers might be depending on signals from their mentors and influencers that is why you will see high number of traders and less number of people showing their pnl online to share their success.
The rapid growth of people joining trading now is due to fear of missing out. In this age and time, the social media is being used as a tool to draw people’s attention into what’s really trending that time. And with the fancy presentation of trading, it made it easier for people to easily develop interest and begin to trade even without knowing the pros and cons of it.
Trading is actually not easy, but they made it look so easy to them and make the lifestyle an enticing way to lure them into trading. Now, the percentage of people joining trading is increasing, but till date the percentage of successful traders is not fast rising as the number of traders coming into the trading market. It can only be one thing, giving up, running away from it because they can’t cope with it and will bankrupt them faster than they can imagine.