Twenty years after the Asian financial crisis that wiped more than two thirds off prices, Hong Kong is about to face another major financial crisis. Prices are at all-time highs and mortgage borrowing is flourishing. The record high demand for new flats and you get the same components that blew up the economy in 1997.
While the de-facto central bank of Hong Kong is taking measures to minimize risk of another recession, the big banks are shaking in their boots, fearing the biggest Disruption in their history. They know very well that same way Uber took over taxi drivers and AirBnb changed travelling forever, online trading is steadily replacing traditional investments and exceeds $5 trillion a day.
There is no doubt about it, online trading is democratizing investment and capitalizing opportunities by making it available to everyone. For too many years the rich and powerful had exclusive access to online financial trades, not any more. To make that kind of profits all you need is a mobile phone and an innovative app to run your trades.
The coming weeks and months will create new opportunities for online traders:
If you are interested in: