Millennials and Gen Z are very different from their predecessors when it comes to investing and how they intend to spend their money. It is apparent that technology plays a significant role in how these two generations view technology, behave at work, and identify opportunities in the digital age. Among the investment opportunities that have gained traction in recent years and that the new generation is most familiar with, is Forex trading. Here’s why!
Given the fact that the Forex market is highly volatile, easy to access, and sensitive to global conditions, it is not surprising that millennials and Gen-Z will explore the Forex market and try to capitalize on it.
Forex trading requires relatively little money to get started, yet offers the chance to make substantial returns, so it is no surprise that youth invest and trade relatively earlier than previous generations. Since they are often described as generations of instant satisfaction, strategic and tactful Forex trading can provide the satisfaction they need if market activity is favorable.
The answer lies in building a pathway towards financial freedom.
Choose Your Path, or Your Path Shall be Chosen
Almost every member of the millennial and Gen Z community has been exposed to financial markets of some kind.
Being some of the most enterprising individuals of our society, the millennial generation and the Gen Z generation are now creating a whole new generation of traders. Investing and trading have also become more popular with the rise of ‘side hustles,’ freelancing, and outsourcing. As individuals strive for greater reward and flexibility in their working lives, technology has been an enabling force behind all of these. In fact, many companies have begun to break away from the typical 9 to 5 work schedule.
If you’re willing to get a gig career, you have no choice but to save your money and trade it or invest it to prevent going bankrupt. It requires relatively very little money to open a Forex account, yet offers the chance to make substantial returns, so it is no surprise that youth invest and trade relatively earlier than previous generations. Since they are often described as generations of instant satisfaction, strategic and tactful Forex trading can provide the satisfaction they need if market activity is favourable.
Bigger Risk-Takers
Several new-age investors seemed willing to take more risks than older generations who prefer long-term investments. Approximately 49% of Gen Z investors said they would only invest their money in the short run, or for a period of two to five years. About 40% of Gen Zers and Millennials check their investments every day, while only about 20% Gen Xers and Boomers conduct daily check-ins.Given the fact that the Forex market is highly volatile, easy to access, and sensitive to global conditions, it is not surprising that millennials and Gen-Z will explore the Forex market and try to capitalize on it.
Forex trading requires relatively little money to get started, yet offers the chance to make substantial returns, so it is no surprise that youth invest and trade relatively earlier than previous generations. Since they are often described as generations of instant satisfaction, strategic and tactful Forex trading can provide the satisfaction they need if market activity is favorable.
Time to bid farewell to the typical 9-5 job
With inflation soaring high, and wages failing to keep up, millennials and Gen Z can no longer be bothered about just saving from measly 9-to-5 wages. What is the meaning of working hard, when even working hard does not produce the kind of wealth to reasonably sustain the lifestyle desired?The answer lies in building a pathway towards financial freedom.
Choose Your Path, or Your Path Shall be Chosen
That mindset became even more apparent with the global pandemic, the economy crashes and rise since year 2020 to date. People simply no longer believe in job stability, and instead have turned to taking risks in order to build a better life.“If you do not choose to work on financial freedom, you are on the road to poverty.”
Almost every member of the millennial and Gen Z community has been exposed to financial markets of some kind.
- 73% Gen Z and 66% millennials owned stocks
- 43% of Forex traders are individuals aged 25-34 years
- 83% of millennial millionaires hold cryptocurrencies
- Individual NFT creators have generated 6-figure in USD via a single NFT sale
Being some of the most enterprising individuals of our society, the millennial generation and the Gen Z generation are now creating a whole new generation of traders. Investing and trading have also become more popular with the rise of ‘side hustles,’ freelancing, and outsourcing. As individuals strive for greater reward and flexibility in their working lives, technology has been an enabling force behind all of these. In fact, many companies have begun to break away from the typical 9 to 5 work schedule.
Gig workers, Freelancers need to save
According to the ADP Research Institute, there are 6 million more gig workers today than a decade ago. Upwork released a survey revealing that some companies have begun hiring more remote freelancers in the wake of the CAVID-19 pandemic. However, gig work didn’t often provide them with a fixed sum and didn’t provide them with any perks compared with regular employees. A survey shows that only 16% of independent gig workers have retirement savings.If you’re willing to get a gig career, you have no choice but to save your money and trade it or invest it to prevent going bankrupt. It requires relatively very little money to open a Forex account, yet offers the chance to make substantial returns, so it is no surprise that youth invest and trade relatively earlier than previous generations. Since they are often described as generations of instant satisfaction, strategic and tactful Forex trading can provide the satisfaction they need if market activity is favourable.
