Young investors are turning to unconventional methods like astrology and tarot cards to navigate financial markets, attributing significant success to these spiritual practices.
A growing number of young investors, particularly Gen Z, are relying on astrology, tarot cards, lunar cycles, and intuition to guide their day trading decisions and predict market trends, believing that celestial influences and cyclical patterns can inform financial success, with some claiming significant returns using these methods.
Gen Z's interest in investments is driven by FOMO, financial independence, and economic uncertainty, leading to the embrace of unconventional methods like astrology for financial gain.
Some young traders, like Stefaniya Nova (@blonderichwitch on TikTok), claim success in day trading by following their "high self" and using astrology and tarot, earning thousands of dollars monthly through techniques like single card pulls and lunar cycles for Bitcoin trading.
Hard data shows day trading success rates are generally low, and experts emphasize the importance of evidence-based decision-making in financial markets.
The global astrology market is rapidly growing, valued at $12.8 billion in 2021 and expected to reach $22.8 billion by 2031, with a CAGR of 5.7% by 2032, driven by factors like the digital revolution, holistic practices, and mainstream acceptance, enabling wider access to astrology services through online platforms and mobile apps.
A significant portion of Gen Z Australians identify as spiritual (38%) and believe in concepts like karma (50%), reincarnation (29%), astrology (20%), and practice meditation (28%) and yoga (22%). Spirituality in Australia often involving a connection with nature, Indigenous, Buddhist, Hindu, and eco-spiritualities, as well as a connection with something greater than the self.
Some young traders, like Stefaniya Nova (@blonderichwitch on TikTok), claim success in day trading by following their "high self" and using astrology and tarot, earning thousands of dollars monthly through techniques like single card pulls and lunar cycles for Bitcoin trading.
This article was written in collaboration with Generative AI news company Alchemiq
Sources: news.yahoo.com, finance.yahoo.com, fortune.com, theconversation.com, einnews.com, timesofindia.indiatimes.com