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Women Vs Men in Online Trading
Filed Under (Online Trading, Trading Pyschology) by umikun on 12-04-2009
1:30 a.m. in the Monday morning, and I have got this idea to write this article on Women Vs Men in Online Trading. This topic has been discussed among my friends many years ago, and I would like to share with you on my personal thoughts in this subject.
With the current exponential growth in online trading, there are many people are jumping into the trading bandwagon. However the ratios of women traders to male traders are still relatively small.
In a Harris poll conducted for e-broker Charles Schwab a few years ago. Twice as many women (48 percent) as men (24 percent) indicated “investing is scary for me.”
From my personal experience, generally, men tends to be overconfident in their own abilities; finance, sports, drinking, online trading, driving etc. From studies, men are more prone to taking risks as compared with women. This would suggest why more men are caught drink driving than women. J
During dating process, most of the women would usually “play it safe”, and they would grilled their potential boyfriend or husband-to-be for any hints of defects, before taking the “risk” to be in a relationship with the other party.
As women are more risk adverse, this is what makes them a better online trader, waiting patiently for all the indicators to be in line before taking up a position in the market.
In the risk-adverse department, a woman seems to process great advantage as compared to men. On the other hand, studies have shown that women are more prone to feeling guilty when they lose money in the market. This may hinder their trading progress as I have already discussed in my previous post that in order to have the winning psychology in trading, individual most not get too affected by their previous losses.
There are both great male and female traders around, and I have personally found that their success in online trading is usually based on balanced traits in them. They are neither too cautious nor too aggressive, and too emotional nor emotionless.
This article on Women Vs Men in Online Trading is brought to you by www.onlinetradingfx.com
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