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The Documentary Podcast

Trading tribulation

The Documentary Podcast

BBC

Documentary, Society & Culture

4.32.7K Ratings

🗓️ 16 November 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

New apps that provide access to stock markets are revolutionising the world of trading, but they are also creating problems. A new generation of traders are emerging, fuelled by social media and with dreams of earning a fortune. Seoul journalist Grace Moon visits the Korea Centre For Gambling Problems to explore if easily accessible trading apps are fuelling addictions, before hearing worldwide stories of stock market highs and lows.

Transcript

Click on a timestamp to play from that location

0:00.0

Buying and selling stocks and shares, commodities, cryptocurrencies and foreign exchange.

0:08.4

Trading used to be an activity that was reserved for the rich, for people working in the world's

0:14.2

major financial capitals.

0:16.9

But technology is changing that.

0:29.1

I'm Grace Moon, a journalist in Seoul, and I'm fascinated by how the world of finance

0:34.3

is changing.

0:36.4

Online stock brokers, smartphone apps and social media are enabling a new generation of

0:42.1

traders to access markets that were previously a playground of the elite.

0:47.5

In this program for the BBC World Service, I'm exploring the new tech-led world of financial

0:53.0

trading and the tribulations that accompany these easily accessible markets and apps.

0:59.1

Trading.

1:07.4

The act of buying and selling of stocks and shares and companies, commodities like gold

1:12.0

or oil, worldwide currencies or cryptocurrencies like Bitcoin, which is never far from the headlines.

1:19.0

It's a world that is now very accessible thanks to the development of trading technology.

1:26.3

I began to notice that people were really talking about these new forms of investment

1:30.2

apps, particularly in the last year.

1:34.4

I'm speaking with finance reporter Elizabeth Anderson.

1:37.5

I think what's training apps have done is actually broad investing and trading more to younger

1:43.2

people.

1:44.2

I mean, traditionally, it's the tends to be sort of the preserve of older people who tended

1:47.6

to invest and also men.

1:49.8

Mostly, it tends to be older men that invest in the stock market.

...

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