I am afraid of Virtual Reality – Op Ed

Maria Nikolova

FinanceFeeds’ Managing Editor is afraid of putting on a VR helmet. Probably, she should not be.

Virtual reality technologies are fast spreading around various areas of life and work, including online trading. The two most recent examples from the world of fintech come from Swissquote Group Holding SA (SWX:SQN) and GMO Click Securities, a part of GMO Click Holdings Inc (TYO:7177). Both companies have launched innovative applications for online trading in the virtual world – trading with one’s eyes is now officially possible.

Mainstream media is full of frightening reports of the side effects of using VR helmets and spending time in the virtual world. The scare has its name: VR-induced symptoms and effects (VRISE) and you will hardly encounter this term on the websites of companies that offer VR products – some warnings are, however, available on the product package and in user manuals.

Being an overly cautious (and curious) creature all of my life, I decided that before I hit the VR world, I would check the risks the way I’ve always done it – by reading books (in this case – scientific papers). The amount of studies of the “ VR side effects” (VRISE) is huge – the rise in such research has been particularly evident since the ’90s. There have been hundreds of VR-dedicated experiments in strictly controlled environments.


After spending time in VR, many people (scientists call participants in experiments “subjects”) report feeling “sea sick”. This effect has not been fully tackled even now, mainly because it is physiologically programmed in our bodies. In VR, my vision indicates that I am moving, but in actual reality, my vestibular senses do not register movement. My brain gets confused and this nasty feeling may persist for hours after I get out of the VR.

The good news – this is not valid for all people. I am often told to think of it as a car ride – some feel sick in cars, others – not. But that does not make us prohibit cars.

Another good news – the human brain is able to adapt and after several entries into the VR, cybersickness may go away.

The bad news – all experiments thus far show that a minimal percentage (around 3-5%) of subjects continue to feel “sea sick” in the face of repeated use of a VR device. Some of them refuse to use it again even when incentivized (with cash) to do so.


This is the powerful illusion of self-motion. Those who experience it in VR, are likely to experience sickness after that. Given that online trading does not involve much movement, this problem can be easily downplayed.

However, complex environments including complex images and various textures may increase the vection effects. Online trading environment should be as neat as possible in the VR space.


FOV (or Field of View) is the extent of the observable environment in VR. I thought: “The bigger, the better.” And I was right – for the VR experience, but not for the after effects. The bigger the FOV, the deeper the immersion and the harder the recovery after that. And yes, there are people who may suffer from nasty side effects even if the FOV is smaller.

This does not mean that all display characteristics are correlated in this way to any after effects. High resolution and certain flicker frequency do improve VR experience and do not have any adverse impact on anyone’s health. In fact, contemporary technologies do reduce some of the nasty VR after-effects.


VR may have negative effects on one’s posture but studies have not been conclusive. From the one study showing such an effect, I’ve learnt that to minimize posture instability I am supposed to be sitting rather than standing or moving when wearing a VR helmet.

Is it so different from a computer?

Not really. The feeling of disorientation (and sometimes, eye blur) after spending time in the VR is comparable to that from spending too much time (a subjective measure) in front of the computer screen or in a 3D movie theater.

Actually, VR can be good

It can be very helpful. After going through hundreds of scientific papers and seeking to justify my apparent phobia of VR stuff, I had to admit that the bulk of scientific literature supports the utilization of VR. And while I am concerned about several minutes of discomfort, VR seems to be helpful in the health services sector in particular. It turns out that it is beneficial for the recovery of people who have suffered physical traumas. Not to mention the benefit of using VR for training experts in certain professional areas.

Now, I have to find a VR helmet. Do you think they make any pink ones?


My top three favorite scientific papers on the topic include:

  1. Nichols, Sarah, Harshada Patel, “Health and safety implications of virtual reality:a review of empirical evidence”, Applied Ergonomics 33 (2002) 251–271.
  2. Sharples, Sarah, Sue Cobb, Amanda Moody, John R. Wilson, “Virtual reality induced symptoms and effects (VRISE): Comparison of head mounted display (HMD), desktop and projection display systems”, Displays 29 (2008) 58–69.
  3. Murata, Atsuo, “Effects of Duration of Immersion in a Virtual Reality Environment on Postural Stability”, International Journal of Human–Computer Interaction, 17(4) (2004) 463–477.

Read this next

Digital Assets

Japan advances digital yen trial as PoC concluded

The Bank of Japan (BOJ) today published the findings of the second phase of its digital yen’s proof-of-concept (PoC) experiment, joining a growing number of countries seeking to catch up to front-runner China.

Digital Assets

Russia scraps proposal for government-backed crypto exchange

Russia has decided to abandon its previous plans of creating a national cryptocurrency exchange and will instead focus on developing regulations that would enable private companies to establish such exchanges.


CFI Financial onboards Elena Kupriyanova as head of marketing

CFI Financial Group has named Elena Kupriyanova as its new global head of marketing in a bid to bolster its marketing efforts and enhance its market presence.

Retail FX

Trading 212 revenue tops 2021, but bottom line disappoints

Per its filing with the UK companies house, Trading 212 UK said revenue from online trading rose to £98.7 million in the fiscal year ending December 31, 2022, up five percent compared to £94 million a year earlier.

Digital Assets

Binance to cease services for Japanese users after local launch

Binance is poised to reenter the Japanese market through the launch of a fully compliant subsidiary in the country. This development comes a few months after Binance made a fresh bid to return to the lucrative market in November 2022 with the acquisition of Japanese-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC).

Digital Assets

Huobi Hong Kong offers crypto trading for retail clients

Huobi HK, a subsidiary of digital asset exchange Huobi Global, has made an announcement stating that it is now providing crypto spot trading services to both retail and institutional clients in Hong Kong.

Digital Assets

Bybit’s Strategic Leap: Navigating the Cryptocurrency Landscape in Kazakhstan

In a significant leap forward, Bybit, the globally recognized cryptocurrency exchange, has received preliminary approval from the Astana Financial Services Authority (AFSA), marking an important milestone in its strategic expansion into Kazakhstan and the wider Commonwealth of Independent States (CIS) region.


Bitcoin 2023: Unlimit’s Jack Jia discusses fiat on/off ramps for crypto business

Unlimit’s expansion into the crypto space aims to bridge the gap between traditional banking networks and the rapidly evolving crypto world, facilitating seamless conversions into various digital wallets and enhancing scalability through off-chain solutions.

Digital Assets

European Systemic Risk Board warns of crypto conglomerates, leverage, DeFi, staking, lending

The report considers policy options to address risks arising from crypto conglomerates, crypto-based leverage, novel operational challenges, DeFi and crypto staking and lending.