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The costs of doing your own trades
There is risk from opportunity cost and danger of behaving more like a gambler
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The rise of low-cost trading applications has made it easier and faster for investors to execute their own trades.
PHOTO: EPA-EFE
Ben Charoenwong and Tan Zong Ting
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The global pandemic was the spark that accelerated two trends in financial market participation: technology-enabled, lower-cost trading and the rising cost of attention.
Having more people take part in the economic and financial market growth is a democratic way for the entire population to grow their wealth. But, on the other hand, uninformed amateur stock trading may also result in exposing one's life savings to risks.
