Wednesday, 20 March 2013

Why women are better financial traders

Vince Stanzione Review
When I first started out working for a large bank in foreign exchange (FX) back in 1985 we didn’t have any female dealers, the few women that worked on the dealing floor were in admin and operated telex machines as many FX deals were made and confirmed this way and no men could type fast enough.

Fast-forward 28 years and while the majority of people I teach how to spread bet and trade and those opening spread betting accounts are men, I am pleased to see a good number of new female students achieving excellent results and beating their male counterparts.
The ratio of men to women is still around 85% in favour of men so there’s still some way to go to reach equality but it’s far more common to see female traders and I encourage more women to take up trading.
The big factor leading to more women trading is the internet and the fact that you can trade without having to speak to an arrogant male dealer – and trust me the majority still are which can be very intimidating. The excellent online platforms mean that everything can be done without ever having to pick up the phone.
Women are still in the minority but they have a few tricks to teach the men so for the male readers try to pick up some tips from your female counterparts.
Here are five possible reasons why women generally do far better at financial spread betting and other areas of trading.

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