With such flexibility, it seems illogical why there are not a lot more female traders out there. According to numerous online sources it appears that around 20% maximum of all traders are female. Do they not see the advantages, or is the literature surrounding trading off putting? There is no doubt that a quick trawl online yields lots of scammy get rich type narratives.
Flexibility in trading is particularly pertinent to women juggling professional ambitions with personal responsibilities. The ability to leverage technology and remote working arrangements offers women greater autonomy and control over their schedules, providing a more harmonious balance between career aspirations and familial obligations.
Trading has been depicted as a high-stakes, testosterone-fuelled domain, favouring traits stereotypically associated with masculinity. However, the reality is that when this is the trait of a trader, this is exactly one of the reasons why the failure rate is so high. Being testosterone fuelled in trading is a recipe for disaster. A professional trader does not trade on such a basis; composure is critical.
Women are assumed to be more risk averse than men and therefore have the opposite problem. The male trader is probably statistically more likely to jump into a trade whereas a female trader is considered to have a higher probability of fearing to enter the trade. Which is worse? Jumping into trades without applying composure is a sure way of depleting your capital fast. Fear of entering trades will not lose your capital as fast but you are not going to enter into as many high profitability trade set ups.
The ability to trade wherever you are in the world with just a laptop and an internet connection is a fantastic upside for any method of making money regardless of gender. However, given some of the general day to day life restrictions, particularly for women with families, this advantage brings a whole new level of empowerment. With access to the internet women have access to the same wealth of content and training online as men.
One of the upsides of trading is the fact that you can do this at any time of the day, there are always markets open. Crypto is open 24 hours a day and there are numerous platforms that can be used. Any person in a situation where they have family, would in theory, have the flexibility to trade around the children timings or any other lifestyle commitments. This situation is not perfect, as not all times of the day and week are ideal for trading due to the volumes being traded at non peak times tend to lead to unpredictable price action. For example weekend price action in crypto tends to not be particularly reliable.
Not all trading has to be on 2 minute and 5 minute charts. The beauty of trading is that by learning candlestick patterns and market structure the techniques can also be applied to higher time frame price action such as the daily chart. This allows those with limited time during the trading day to study and execute positions on the daily time frame in the form of swing trading.
Trading offers women the opportunity to take control of their financial futures and achieve greater financial independence and this is of particular benefit for women who are either a home maker or in part time work. By learning how to navigate financial markets, women can build wealth and secure their financial well-being. This independence can be particularly empowering for women who may have previously relied on others for financial support. We are living in an age where we hear the words 'financial independence' frequently. Even if financial independence solely from trading is not achieved, there is still the option of making a side income to be enjoyed or invested in addition to learning a level of self discipline not learned from other activities.
Most of the advantages of pursuing trading as a form of generating additional income or wealth relate to both genders. However, a better representation by gender in this industry would possibly lead to better success rates as we see the toxic content of get rich quick through trading being diluted with more about risk management and the fact that this is a difficult pursuit not an easy one.
Trade Clearly!
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