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Day trading ‘as addictive as gambling’ warns psychologists

The number of people turning to day trading during lockdown reportedly soared as people try to make extra cash. The family of a 20-year old man who took his life after believing he lost hundreds of thousands of dollars on a day trading app, are calling for the online brokerages to be reformed. The platforms allow anyone – no matter their financial expertise- to trade in stocks and has become increasingly popular during lockdown. Psychologists have warned that the sites could be as addictive as gambling. If you need help then contact Gamble Aware UK on 020 7287 1994.

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