One of the main issues that we have seen in Forex Currency Trading market is that females are not considered as good traders but this statement is too far from being true. Women can easily compete with their counterparts and they have ability to accept when they are incorrect and entered a bad trade however, men are often too stubborn to admit that they had made a wrong move or decision. If truth be told, an independent report was released which pointed out that more women traders are needed in order for a consistent growth of financial market.
Rumor 1: Women tend to be more risk averse to take a decision
It well known from female trading activities that they do not take unnecessary risk when they are trading currency. However, this does not mean that they are too afraid to invest or take a decision. Women can sometimes make the same mistakes as men like going after single currency trading pair and investing all their money instead of diversifying risk. Paying attention to market news can often make female traders hesitant towards entering into a trade too early or going big on a single trade.
Rumor 2: Women are not first-class investors as compared to Men
Again, this statement is totally inaccurate and does not represent true picture of female investors. Women are as good or better investors than their counterparts, and they do not have the tendency to be better than anyone else present in the room but they take a decision in Forex currency Trading market solely based upon if they are doing things correctly. On the other hand, males tend to compete with each other, and it’s all about keeping score to be on the top. Moreover, they enter into a lot of trades and make mistake that creates negative sentiment towards the market.
Rumor 3: Women are not good mathematician
This statement is totally false again, and there is no proper research conducted to back this claim. Some of the females in the past were great mathematician, and it cannot be generalized in any way that females are not good in mathematics. The origin of this claim can be traced back to societal pressures where it is considered men are better at each and everything.
Rumor 4: Women need more guidance to invest in Forex Currency Trading
Before investing into a particular currency trading pair, women tend to do their research work and they take formal education or informal learning through a proper financial organization. Like their male counterparts, females learn about financial market trends analysis and other factors that might affect trading activities in Forex currency trading market. If they made a wrong move, then they are not ashamed to ask for help in order to get out of trade.
Rumor 5: Women are not concerned with investing activities
Like all the rumors listed above, this claim is also irrelevant and it does paint the true picture. Females tend to be more enduring and tolerant than most men when it comes down to making long term investing decision. Trading results have shown women can make some excellent investing calls than most seasoned men.