There is a common misconception that there are just a few female traders in a male-dominated forex market. While this isn’t entirely true, data indicate that there has been a significant increase in women trading the markets, with some rising to the top.
According to studies, 41.8% of women consider themselves experienced traders in the market, which is just 12.7% lower than experienced male traders.
In forex, the main difference between the genders is that women are generally better traders. A study of female stock traders shows that most women purchase stocks when markets fall. This may be deemed a loss in the short term, but it may also result in significant gains over time, resulting in improved portfolio performance.
In this article, I will share some renowned women’s names in the stock and forex industry. Besides this, I will shed some light on the misconceptions about female investors.
Raghee Horner is a well-known female trader that specialises in trading spot currencies, futures, equities, and options across all time frames. She is best known for developing the GRaB and Wave Premium Indicators.
Her trading strategy is based on a system and process that is followed in a specific sequence. She employs technical, fundamental analysis and price action to identify an objective and systematised strategy that she can deploy.
She is the Managing Director of Futures Trading and the author of Simpler Trading material.
Kathy Lien is co-founder of BKForex.com and Managing Director of FX Strategy at BK Asset Management. She began her career in finance, specifically on Wall Street, when she was 18 years old. After joining FXCM at the age of 21, she established DailyFX.com. Her concentration was on G20 currencies.
She is also a well-known author and contributor to prominent websites such as Investopedia.
Kathy’s books on Forex trading include:
She was the founder and hedge fund manager of Arbalet Capital. It is a commodities firm that folded in 2014. She later joined as a portfolio manager at Millennium Management. She is also Arrowhawk’s senior portfolio manager.
She graduated from New York University’s Stern School of Business at the age of 19 and later worked on Wall Street before founding and managing her own firm. She is now the CEO of Family Office, a private wealth and asset management organisation.
Jennifer was included in Forbes’ 30 Under 30: Finance list in 2012.
Nelisiwe Masango is an ambitious neurosurgeon who found her calling in finance and investment. She studied entrepreneurial management after switching her academic focus from healthcare to finance; however, she dropped out to learn Forex trading. Then, she found her talent for trading, which led to her enormous success.
Despite the hazards, she considered her decision to abandon everything and start trading to be entirely her own. She is now considered one of South Africa’s most successful forex traders.
Linda began trading professionally in 1981 and is widely regarded as one of the world’s top commodities and futures traders. She then established her own hedge fund in 2002, although she still trades for her personal account.
Linda has written and co-written numerous books, including Trading Sardines and Street Smarts: High Probability Trading Strategies for the Futures and Equities Markets, which she co-wrote with TradingMarkets CEO and Chairman Laurence A. Connors.
Linda is well-known for her ability to recognise trading patterns and trade consistently.
J.P. Morgan Chase’s CEO is Mary Callahan Erdoes. Morgan Asset & Wealth Management, a business of JPMorgan Chase, is seen as a possible successor to JPMorgan Chase & Co. CEO Jamie Dimon.
Her net worth of more than $82 million originates from a lengthy career in finance that began with what she considered a glorified mailroom job and progressed to the present position she has. Mary and her team are known for voluntarily closing funds and abandoning failed investing strategies in order to create new ones.
She is a digital entrepreneur and one of South Africa’s top female Forex traders.
She founded WIF, an online training and mentoring organisation for Binary Options, Cryptocurrencies, and Forex. It also has companies that provide signal subscriptions to losing traders.
Her net worth was about R100 million in 2018, making her the Richest Forex Woman in Africa. In the corporate sector, she is lovingly known as Bosslady. Did we mention she’s just in her twenties?
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Kiana Danial is an entrepreneur, trader, author, and executive coach. She is the CEO and Founder of Invest Diva, and a company committed to educating minorities, particularly women, about finance. She is also a recognised worldwide expert in personal investing and wealth management.
Some of the books she’s written include:
Kiana has received several honours, including Best Financial Education Provider at the Shanghai Forex Expo (2014) and New York Business Women of Influence Honoree (2015).
Abigail Johnson is the CEO of Fidelity Investments, a mutual fund behemoth founded by her grandfather and managed by her father until she took over in 2016. Her net worth is estimated at $20.9 billion due to her 24.5% stake. Fidelity Investments created a trading platform for Bitcoin and Ether in 2018.
Abigail has been on Forbes’ Power Women 2020, Forbes 400 2020, and Billionaires 2020 lists.
Lauren Simmons set records when she became the New York Stock Exchange’s (NYSE) youngest and only full-time female trader at the age of 23 and just the second African American woman on Wall Street in 226 years.
She studied genetics before transitioning to finance and trading stocks for Rosenblatt Securities. Being the only female in the room wasn’t easy, but she’s proven that any woman can break into a male-dominated industry. Her words of wisdom? “No to limiting beliefs, and say yes to yourself.”
A century-long struggle for women’s rights has ultimately resulted in a nearly gender-neutral world: women may now pursue professional and life choices that, with few exceptions, are comparable to those of males. However, trading and investing remain a “male” domain, with just a small proportion of female participants. Why is this so? You may be surprised at the reason.
You can also check our article on all time famous forex traders.
Before delving into the mystery of female trading, consider some common myths about the phenomenon.
Women are more cautious with money and take fewer risks, yet these characteristics are ideal for trading. The truth is that women are better traders than men because they avoid the most common trading mistakes owing to a more responsible approach to risk management and hence earn more.
On the global market, greed and impulsiveness are not friends, and women are fully capable of taking reasonable risks without losing control. After all, they can manage children, chores, and work all at once, which brings us to the following myth.Forex candlestick patterns - Are you bullish or bearish? — 2023
To trade properly, you must first delve into its technicalities. Some people believe that an average woman would not invest her time in something as time-consuming as technical and fundamental analysis. In truth, forex attracts so many people precisely because it does not need an economics degree and is comprehensible even to newcomers.
Furthermore, one may locate some free educational materials (such as the “Analytics and Education” section of the FBS website) and learn the basics of forex in as little as a few weeks. However, it is evident that none of these suggestions is legit to explain why trading is not popular among women. So, if money is genderless, why don’t women come into the forex?
For starters, lose the “it’s for the men in suits” line. Old stereotypes die hard, but a wind of change is blowing across the market, expanding female presence in recent years.
Furthermore, to kickstart the trend, women must first learn the basics of Forex trading.
Many brokers provide a wealth of free, high-quality educational materials to assist beginners in understanding the fundamentals of Forex trading and getting started, even if they have no prior experience. These resources include video lessons, webinars with FBS analysts, trading tips, and more.
Forex does not need large investments; you may join the market with as little as $100, or you can try a Demo account to see whether it’s worth your time.
Finally, forex is not a scary place. Simple risk management tools will safeguard your funds and reduce anxiety, while basic trading psychology tips will keep you calm and confident. Aside from that, FX is a legit marketplace where millions of people earn money every day – just like any other job, but with better conditions and perspectives.
Working mothers, students, women from high-unemployment areas, or any girl seeking financial independence – here is an incomplete list of females who may benefit from working from home and flexible working hours.
Yes. Most women possess the necessary abilities and mentality to be successful traders. They have a formula that allows them to make better trading decisions and respond to the market more favourably, whether winning or losing.
While most male traders tend to overtrade or vengeance trade after a loss or a losing streak, women tend to have better emotional control. This helps them to take a step back and analyse what went wrong and what the best next step should be.
They’re also great at sticking to a system or a trading strategy. Consider this: baking is frequently regarded to be a feminine realm since it requires a baker to follow a recipe to the letter. Most guys tend to wing it or modify their strategies on the spur of the moment.
While gender inequality in the corporate landscape is a thing of the past, certain segments remain inherently male-dominated. One of these segments is the forex market, which has a popular myth that men are better with money and numbers.
As elaborated in the article, the truth is that the number of women in the landscape is consistently increasing. Furthermore, they tend to make better trading and investment decisions as they have lower testosterone levels compared to men, which is a thrilling hormone and arouses men to make more risky trading decisions and even gamble sometimes.
According to surveys, 41.8% of women consider themselves to be experienced traders, which is just 12.7% lower than experienced male traders. Women, on the other hand, tend to be better traders.