IG North America CEO JJ Kinahan Addresses Retail Investors: Let Movement Be Your Friend

JJ Kinahan is the CEO of IG North America, a U.S. subsidiary of IG Group IGG, one of the largest foreign exchange (forex) brokers. Next week, he will be a valuable participant at Benzinga's Fintech Deal Day event in NYC on Nov. 13. 

As a veteran pit trader (he started his career at the Chicago Board Options Exchange) turned C-level executive, Kinahan will share his views in a panel discussion titled "From Trading Floors to Digital Screens: The Transformation of Trading."

Background: As a large broker CEO, Kinahan always has a pulse on the retail market. By leveraging his multi-decade experience, he offers insight into policymakers' actions, like in a recent interview for Yahoo Finance.

"I think if you look back nine months, people were talking about the Fed. OK, we’ll have these rate cuts. We’ll have these rate cuts. I think the plan on that is silly," he said, referring to the market's optimism that a rate pause will automatically translate into rate cuts.

Still, he believes that the "higher for longer" policy can also bring stability.

"I think one of the things that the market lacked was real conviction. Because you’re like, oh, my God, what’s the Fed going to do? So, if the Fed can keep us in an area where people can invest with conviction, longer term, that’s what’s actually really good," he noted.

With an unstable geopolitical situation and heightened volatility, 2024 also brings a big election season. Addressing the traders, Kinahan shared advice on how to deal with such market conditions.

"Keep your trades smaller and more often. And the reason I say that is rather than buying 500 shares, maybe 100 shares, let the market move, then another 100, et cetera. I think the big mistake to many retail traders make is they’re all or none," he said, clarifying that in the zero-commission era, it really pays to let movement be your friend.

Kinahan previously worked for ING Bank, Blue Capital, Van Der Moolen, TD Ameritrade and Charles Schwab. He is a member of the CBOE Arbitration Committee, OIC Roundtable and is a board member at NYSE ARCA Equities and Options.

Kinahan

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Now read: Powell Closes The F—— Door On Early Rate Cut Hopes: Stocks, Bonds Tumble While Dollar Rallies.