7 Successful Female Traders: The Majority of Successful female Traders who stands out in Trading field
It’s a widespread myth that there are only a few successful female traders in a male-dominated trading market. While this isn’t totally false, statistics show that there has been a significant increase in the number of women trading the markets, with some of them rising to the top.
In fact, studies show that 41.8 percent of women consider themselves to be experienced traders, only 12.7 percent less than experienced male traders. The main gender difference, however, is that women are generally better traders. The majority successful female traders buy stocks when the markets are falling.
This could be because women are less likely to trade on emotion than men. When the markets are crashing, it’s easy to get caught up in the panic and make hasty decisions that you later regret. But successful female traders have learned to control their emotions and make rational decisions based on market conditions, not their feelings.
So if you’re a woman trader looking to improve your success rate, don’t believe the myths about female traders being a minority or that we’re worse than our male counterparts.
Instead, focus on honing your skills and following the lead of successful female traders. With hard work and dedication, you can achieve anything you set your mind to.
When it comes to stocks, women have an edge over men. Studies show that women outperform men by about 0.94 percent annually, and this gap has been widening over the past few decades. There are a number of theories as to why this is the case, but one reason could be that women tend to take less risk than men.
While there’s no guarantee that you’ll make money if you follow the lead of successful female traders, it’s definitely worth considering if you’re looking to improve your trading results. After all, they’ve proven time and again that they know what they’re doing. So why not learn from the best?
Do women and men trade differently?
The answer is both yes and no. Gender does not necessarily dictate trading style, but studies show that women tend to be less risky traders than men. This difference in risk tolerance could be one of the reasons why women outperform men in the markets.
When it comes to successful female traders, they tend to have one thing in common: they’re not afraid to take risks when they believe it will pay off. And more often than not, their instincts are right.
Why is there a qualitative difference?
According to our observations, female traders are far more “contrarian” than their male partners. They tend to buy stock after a significant price drop and sell to males after a significant price increase. Females seem so to lose money in the short term (buying as prices fall, for example), but gain in the long term after significant price reversals.
We can see from our ability to track trades over time, based on actual buy and sell trades, that it is not valid to conclude that females suffer losses from short-term price declines. Females, on average, buy low and sell high, indicating that they are far more informed than males.
List of Successful female traders :
1) Kathy Lien
Kathy Lien, co-founder of BKForex.com and Managing Director of FX Strategy for BK Asset Management, began her career in finance, specifically on Wall Street, at the age of 18. After joining FXCM at the age of 21, she launched DailyFX.com. Her primary interest was in G20 currencies. She is also a well-known author and contributor to prominent websites such as Investopedia.
2) Nicola Duke
Nicola Duke was introduced to the stock market as a teenager after her mother gave her some money to invest. No, she did not go on to become a trading phenom as a teenager. Instead, she pursued her passion for aviation. Nicola joined the British air force after graduating from high school and became an air traffic controller (ATC).
After years of service, Nicola transitioned to civilian ATC, where she made her second connection to the markets… She had heard about a bank in London that was looking for ATCs to work as traders. The idea was that ATC skills would transfer to the trading world… Both ATCs and traders must make decisions under duress, stick to their plans, and remain calm and cool in dangerous situations.
3) Jane Gallina
Jane, like Nicola Duke, grew up with an interest in aviation. In 1996, she obtained her pilot’s license. Jane went to work for an airline in 2004, met her husband, and eventually moved to Montreal, Canada.
Jane worked a part-time job she despised while in Montreal. The hours were terrible, the pay was pitiful, and she was generally dissatisfied. To make matters worse, she was laid off from her dreadful job while eight months pregnant with her daughter.
She needed a source of income, so she considered real estate sales. That did not pan out. They speak both French and English in Montreal.
Her French was insufficient to pass the real estate exams… That’s when she decided to venture into the markets. Jane had previously invested in stocks, but she now wanted to become a trader.
That’s when she came across Tim Sykes and began studying his educational materials. She opened a trading account with $6,000 but quickly depleted it due to poor risk management while trading low float stocks.
She returned to the markets after her daughter started daycare, diving in and really focusing on studying and learning. Every day, Jane researched the markets.
She saved charts and kept track of different stocks. She listed all of the stocks that gapped up or down and completed all of the research that Sykes and I advise traders to do… That perseverance paid off… As a stay-at-home mom, Jane eventually made over $150,000 in a year trading penny stocks. What a wonderful story!
4) Abigail Johnson
Abigail Johnson is the CEO of Fidelity Investments, a mutual fund behemoth founded by her grandfather and managed by her father before she took over in 2016. Her net worth is $20.9 billion, based on an estimated 24.5 percent stake. Fidelity Investments launched a Bitcoin and Ether trading platform in 2018. Abigail has appeared on Forbes’ Power Women 2020, Forbes 400 2020, and Billionaires 2020 lists.
5) Lauren Simmons’s
Lauren Simmons broke records when she became the New York Stock Exchange’s (NYSE) youngest and only full-time female trader at the age of 23 and only the second African American woman on Wall Street in 226 year.
She studied genetics before transitioning to finance and trading stocks for Rosenblatt Securities. It wasn’t easy being the only female in the room, but she’s proven that any woman can break into a male-dominated industry. Her words of wisdom? “Say no to limiting beliefs while saying yes to yourself.”
6) Linda Bradford Raschke
Linda started her trading career in 1981 on the floor of the Pacific Coast Stock Exchange. She’s since had a successful career as an independent trader and CTA money manager. She once ran one of the world’s best performing CTA funds.
Linda has undoubtedly seen nearly everything in her nearly 40 years in the markets… Huge wins and epic losses, market crashes and monster bull markets, and even transitioning from floor trading to electronic trading have all occurred.
Linda is still alive and well. She spends the majority of her time in the market. In addition, she contributes to the trading community through education, webinars, and speeches. If you ever have the opportunity to see Linda at a trading seminar, I strongly advise you to do so.
7) Lucy Baldwin
Lucy Baldwin was named to the 30 Under 30: Finance list twice, once with Jennifer Fan.
She is currently the Global Head of Sales at Credit Suisse, a global wealth management firm. Lucy previously worked as a Managing Director for Bank of America Merrill Lynch and Goldman Sachs, where she traded European equities. She strongly advises traders to have a high IQ as well as emotional intelligence if they want to succeed in the trading world.
While the list of successful female traders is growing, there are still fewer women than men in the trading world. But don’t let that discourage you from pursuing your trading goals. Remember, the successful female traders out there started out just like you—with a dream and a determination to make it happen.
There are many successful female traders in the markets. Our findings suggest that the longer time between trades is because women are more selective and take their time in order to make informed decisions. They also tend to be calmer during financial storms, which allows them to better assess opportunities. ‘
This research has important implications for both individual traders and the markets as a whole. First, it provides evidence that women can be successful traders if they have access to the same information as men. Second, it shows that trading strategies that work well for men may not be optimal for women.
Finally, no matter what gender you are, there is a lot of inspiration to be found in each and every one of the traders I mentioned above. To be honest, I believe that trading is a meritocracy.
Your career and longevity are dependent on your ability to analyze, execute, and manage trades wisely. It makes no difference what your gender or background is. What matters is your ability to think on your feet and adapt to changing markets.
FAQ : Successful Female Traders
Who is the most wealthy female forex trader?
Nobuhle Catherine Anajemba is currently Africa’s Richest Forex Woman, with a net worth of approximately R100 million as of 2018.
Who exactly is Nobuhle Catherine?
Nobuhle Catherine Anajemba is South Africa’s richest forex woman. Nobuhle is a digital entrepreneur and the founder of Women In Forex (WIF) and its subsidiaries, which are publicly traded. Anajemba’s online institutions educate and mentor individuals in the fields of Forex, Binary Options, and Cryptocurrencies.
Which type of trading is most suitable for newcomers?
Following the trend is probably the most straightforward trading strategy for a beginner, as it is based on the premise that “the trend is your friend.” Contrarian investing entails going against the market herd; selling when the market is rising or buying when it is falling can be difficult trading strategies for a novice to implement.
Who Are the Most Powerful Female Investors?
The top female investors hold a variety of positions in the financial industry, ranging from CEOs to venture capitalists.
Abby Joseph Cohen worked as a quantitative strategist at T. Row Price and Goldman Sachs before becoming an economist for the Federal Reserve Board. Her prediction of the 1990s bull run propelled her to prominence. Muriel Siebert was the first woman to own a stock on the New York Stock Exchange. Siebert is dubbed “The First Lady of Finance.” She never finished college.
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