it's because in the 1980's and 1970's and even 1990's a stock broker can make good living just on commissions. like $100,000/year as a broker just on commissions. in 1988. so there was lots of incentive for brokers to trade client accounts to generate commissions. now the SEC will be on their back for wash trading and commission are too small so many leave the industry or laid off
also with automation. lots of jobs in the financial sector no longer exist and people trading in the market were employed in the market. like people who speculate in agriculture products are farmers themselves. and people who speculate on tech stocks are employees of these tech companies.
people who speculate in biotech are people employed in the pharma or medical industry etc.
the industry is still a lot bigger than in the 1960 and 1970's there is less trading compared to 1999 or 2005 but a lot more than compared to 1980 or even 1988. A decline from the most active time of the market for retail trading. less young people wanting to trade, they are no trading forex or bitcoins and not trading stocks. or trading ETV instead of individual stocks some stocks are are out of favor like penny stocks and mining stocks or gold stocks and even oil stock are out of favor.
also with automation. lots of jobs in the financial sector no longer exist and people trading in the market were employed in the market. like people who speculate in agriculture products are farmers themselves. and people who speculate on tech stocks are employees of these tech companies.
people who speculate in biotech are people employed in the pharma or medical industry etc.
the industry is still a lot bigger than in the 1960 and 1970's there is less trading compared to 1999 or 2005 but a lot more than compared to 1980 or even 1988. A decline from the most active time of the market for retail trading. less young people wanting to trade, they are no trading forex or bitcoins and not trading stocks. or trading ETV instead of individual stocks some stocks are are out of favor like penny stocks and mining stocks or gold stocks and even oil stock are out of favor.
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