Who are the millions of mostly young working adults who use copy trading, AI (artificial intelligence) tools, and information from social media to play the markets? It’s a wide-ranging question and one that has enormous relevance for the future of global finance and investing. Whether you’re in the game or not, it’s essential to know how and why so many people are choosing to employ non-traditional tactics and strategies to seek profits in stocks, commodities, futures, cryptocurrency, forex, and dozens of other asset classes.
Copy traders tend to be members of Generation Z and reside in either Europe or Asia. Not only are most of them making money in the markets, but their skills vary a lot based on where they live. The copy trading niche is expanding rapidly, which is why so many brokerage firms are striving to meet the demand for all their new clients who want the latest tools of the trade. Here are additional details about who today’s copy traders are, where they live, and what makes them tick.
Most Are Young & From Europe, Southeast, and East Asia
Nearly 50% of all active copy trading enthusiasts are under 25, which places them squarely in the Gen Z population demographic. Combined with the next-up age grouping, from 25 to 35, the young bunch accounts for 76% of all copy trading practitioners. Where are they from? Central Europe leads the way with just over 30% of the copy trading population.
Adding Southeast and East Asia to the mix brings the total to nearly 80% of all who are involved in copy trading in one form or another. Those who use copytrading software tend to garner better returns than those who don’t. Most of all software users earned at least a modest profit during the past year of their buying and selling activity. There are no guarantees that any software system will produce positive results, but so far, the outcome is promising.
Their Skill Levels Vary
As might be expected, the younger members of the cohort are more comfortable with the…
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