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Designed to distract: Stock app Robinhood nudges users to take risks

3 points| ryan_j_naughton | 6 years ago |nbcnews.com

1 comment

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[+] af1991|6 years ago|reply
״Rather than directing users to adopt a coherent strategy, the app pushes riskier options like individual stocks and cryptocurrencies — and even offers trading on borrowed money, known as margin, and options trading, both of which are used by advanced investors but carry extreme risk.״

This is no better than forex or binary option trading. Assuming that people who are using Robinhood's trading app aren't the most skilled and educated traders, they should be treated like beginners. Instead of pushing them to take risks the app should direct users to adopt a conservative approach, especially when they are just beginning to trade.