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by jjav
1516 days ago
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> Yeah, but how are those uneducated investors supposed to learn? By being presented with learning material on how trading works, instead of trying to hide reality behind a pretty GUI? That'd be my choice. For example on TDAmeritrade you only get a cash account by default, no margin or option trading. You can upgrade and there are multiple levels of margin upgrades in increasing steps of risk. To do an upgrade you have to at least read some material and answer some questions and check boxes. Sure you could lie through it, but at least they make it clear you're signing up for ever increasing risk at every level. When I first read that RobinHood was allowing people margin and option trading without even telling customers that those are enabled and what it means, I always felt it can only end badly. |
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