In order to answer questions about the behavior of self-directed investors, Recognia recently conducted an international end-user research survey asking 500 participants who buy and sell financial instruments about engagement with their platform, how they conduct research, and their opinions on trading trends. Here is what we found:
- We found that 61 percent of survey respondents from all countries intend to increase their level of participation in the markets within the next 6 months, while only 44 percent of Canadian respondents intend to increase their level of participation in the markets within the next 6 months. Given these results, one can conclude that Canadian investors are more conservative in their trading strategy and activity.
- We uncovered that 54 percent of Indian respondents found that technical analysis gives them the most confidence in their trading, where as only 22 percent of North Americans felt that technical analysis gives them the most confidence in their trading.
- When all participants were asked to check all devices they prefer to use for executing trades, 89 percent said the computer, 16 percent said the smartphone, 12 percent said the smartphone, 9 percent said their broker and 1 percent said other. Indian respondents answered the question differently. While 70 percent use their computer to execute their trades, 17 percent use their smartphone to execute trades. This indicates that mobile trading is more prominent in the Indian market.
The results from this survey helped Recognia better understand self-directed investors’ research preferences and trading behavior, and will assist us in shaping the products they develop in the future.