It has become easier to trade nowadays due to free access to the Forex market. Anyone with access to the Internet can start a trading career. The majority of forex participants are men, although according to statistics women are more successful in trading. Only 15% of all Forex traders are female. So what keeps potentially more successful traders from starting their own profitable careers? Let's find it out!
Top 7 Female Forex Traders on Instagram
Hundreds of traders promise you obscenely high profits, 100% signals, share photos with Lamborgini, and luxury life. But let's face it: earning on Forex and other financial markets requires concentration, firm discipline, and a reliable trading plan.
That's why you must be careful when you follow another Forex female or male trader. Our list of famous female traders could be more extensive, but only eight have verified Instagram accounts. So let's start!
Kathy Lien
Kathy Lien was born in the US in 1980. She finished New York University's Stern School of Business before starting her career on Wall Street. She has extensive knowledge of the currency market and even developed trading strategies using cross-market analysis. Kathy appears in leading financial media like Bloomberg, The Wall Street Journal, Reuters, CNBC, Associated Press, and others.
Lauren Simmons
Lauren Simmons is an American writer and former stock trader. She graduated from Kennesaw State University in 2016 and started her career as an equity trader at Rosenblatt Securities. Lauren made history when, at 23, she became the youngest female trader at NYSE and the second African American woman who worked there for 225 years.
Sallie Krawcheck
Sallie L. Krawcheck was born in 1964 and had a fantastic career. Sallie also started as an equity trader covering the Wall Street firms. She works as a former head of Bank of America's Global Wealth and Investment Management division. Also known as "the most powerful woman on Wall Street," she is the founder and CEO of Ellevest, a digital financial advisor for women launched in 2016.
Karen Foo
Karen is a successful fx trader with a finance degree. She started trading stocks at 21 and pretended to be the best female Forex trader on Instagram because she is the #1 Singapore-based Forex trader. Karen Foo also ranked top 10 in a Forex competition with over 3000 participants worldwide. Now Karen runs her trading course and shares her experience on her YouTube channel.
Shay Huang
Shay is a self-taught trader who started her stock trading career in 2014. Also known as "Humbled Trader", she lost about $20,000 on shady signals, and then she decided to develop her trading strategy based on the price action. Now Shay runs her YouTube channel and engages in swing and day trading.
Neza Molk
Neza is an eToro investor from Slovenia. Her primary investing strategy is value investing, and she trades mostly stocks and ETFs. Molk uses fundamental analysis to invest in companies that solve current and future problems. She pays the most attention to buying only "healthy" companies and uses sectoral diversification to reduce the risks.
Masi Trades
Masi Habibi has a background in IT and corporate field. It helped her to start her career in trading options, mainly focused on stock options. She widely uses technical analysis to predict price movements. Masi runs a website and YouTube channel and is well-known among day traders.
Main Factors that Help Female Traders Stay on Top of Their Game
There are several myths in our society which keep them away from the trading markets, which clearly should be refuted. Women possess some key traits and skills which are fundamental requirements of trading. They make them better than men in various ways in the field of trading. Women can live a life of their own choice by earning in the Forex market. There is always an open opportunity for them to gain as much profit as they can. So which features might help them to reach their goals?
1. Great Emotion Control
Most people think that it is emotions that can become the main obstacle for women on their way to success. They can’t be more wrong as women are highly disciplined and self-controlled while trading. They know how to deal with the emotions and how to utilize them for the improvement of their trading careers.
Women recognize and acknowledge their mistakes quite easily compared to men. That gives them more power to deal with stressful situations in the market.
2. Ability Not to Overtrade
Women prefer to make their moves when they find it secure to trade. They do not take unnecessary risks as compared to male traders. Women direct their desire to avoid risks in a positive direction which helps them stay secure in the market for a longer time.
Female traders have more power to stay away from unnecessary trades. They perfectly determine the moment when trading becomes too dangerous and avoid trading until the situation in the market becomes more favorable. Women are more likely to make wise decisions and ultimately they take only the risks which they can afford.
3. Consistency in Terms of Strategy
Due to high liquidity, it’s impossible to succeed in the Forex market without a proven strategy. Women have the traits which make them able to stick to their plan. This feature makes them more likely to become successful traders.
It happens as women don’t have a need to prove themselves by becoming pioneers in every industry. They prefer to follow the main aspects of their strategy and improve themselves, as they learn from their own mistakes.
4. Advanced Risk Management
Risk management is a key field for dominating the forex market. A successful trader is said to be the one who takes calculated risks. Women have the abilities to manage their capital account in the best manner. Women never take unmeasured risks due to their patient behavior. The utmost patience and deep insight into the market make them a better trader as compared to the men. Women should take trading as a source of income due to their abilities in risk management.
5. Quick learning
Women learn on their mistakes and make sure they never repeat it twice. Male traders often get back to the same trading strategies even though they haven’t been successful for them. If female traders suffer losses they analyze their trading history and improve it. This way women reduce the number of unnecessary risks.
A quick learner always makes higher profits in the Forex market. Women possess this trait and it makes them successful traders.
6. Less Egoism
Ego plays a decisive role in the career of any trader. Male traders are more likely to become victims of their ego. They are more likely to be overambitious and overconfident and that takes them towards the losses.
Women tend to be less egoistic in life, and they take this quality to trading as well. They don’t overestimate their abilities and take actions only when they are confident about the outcome.
All the traits mentioned in this article give women a great chance to become successful traders. This is the foundation that will help them make wise trading decisions.
Still, if a woman wants to have all necessary for the best start, she has to have access to the right tools. That’s when any trader needs a good broker. The FXCL trading terms and services will help you to make your first steps. In order to try all the advantages of trading with FXCL, open a risk-free demo account. As soon as you gain enough confidence in trading you can proceed to trading on Live account and turn your female qualities into a real tool bringing significant profits.