Historically, the world of trading (all markets) have been dominated by men and only recently, have women entered the arena. This bears investigating. Let’s dive into this a bit.
Women are not as susceptible to overconfidence. Additionally, women don’t generally have an over inflated ego, like men usually do. This means they more risk-averse than men.
A new field of science called “neuroeconomics” explores the connectivity between hormonal, neurological and decision-making processes. It was discovered that testosterone ultimately drives men to make bold decisions.
This may create a winning streak. Unfortunately, this streak feeds the process to drive men to eventually make stupid decisions. These include gut feelings, arrogance, egotistical beliefs and insolence. Something we definitely want to avoid.
Persistence = Learning
Women, as a whole, make better students. Think back to school. Who generally earned better grades? It wasn’t Mark, Bobby, Jim, or Thomas…it was Michelle, Brenda, Veronica and Maria.
Female students are generally more focused on the lesson. Simply put, they complete homework and assignments. They also exhibit higher levels of persistence when attempting new concepts. These practiced skills give them a clear advantage to learning and following the steps needed for successful trading.
Women also tend to multitask more efficiently than men. Watch any mother run a household with children. Budgeting, logistics, crowd control, medical duties, psychologist, facility maintenance and running a mini restaurant are the daily norm.
Call on Line One
Most guys sit in a chair and watch a screen, talk on the phone or participate in meetings. Even those in the field are generally tasked with a specific responsibility before assuming another. Yes, there are exceptions. However, most women who run a household take on concurrent jobs as an everyday affair.
The bottom line is that yes, women can become better traders than men. That being said, guys….whatcha gonna do?
This doesn’t have to be the case, gentlemen. Check out the advanced course, where we cover psychology topics to approach the market with a different perspective. Ladies, of course, are also invited…click HERE for more information.
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BTW – Any information communicated by Stonehill Forex Limited is solely for educational purposes. The information contained within the courses and on the website neither constitutes investment advice nor a general recommendation on investments. It is not intended to be and should not be interpreted as investment advice or a general recommendation on investment. Any person who places trades, orders or makes other types of trades and investments etc. is responsible for their own investment decisions and does so at their own risk. It is recommended that any person taking investment decisions consults with an independent financial advisor. Stonehill Forex Limited training courses and blogs are for educational purposes only, not a financial advisory service, and does not give financial advice or make general recommendations on investment.