Why Are Women Better Forex Traders Than Men?
While the financial markets are usually pictured as being run by men in elegant suits, the truth is that recent times have seen a huge increase of women participating in Forex and many other trading markets.
The surprise comes not only with that fact, but also with the knowledge that, despite still being a minority, they tend to score a higher percentage of successful trades than men.
Why is that?
Well, our objective here is to find out. If you want a small hint, it has something to do with a Forex robot.
Proper Risk Management.
Women have always been more conservative in their approaches than men. It’s a popular stereotype that men are much more passionate and radical when it comes to making decisions, often driven by pride or strong feelings. Don’t forget, over 80% of forex traders lose money!
Ladies, on the other hand, often pictured as the opposite of this behavior when it comes to living and career choices; they tend to look at things more calmly and rush tasks a lot less than men.
There’s also the widespread knowledge that women plan their tasks much better than men, and that is a huge advantage in Forex trading.
Women look to take a safer approach to trading, with a heavy use of programmed entries and exits to minimise the chances of entering the market in conditions that aren’t favorable to them.
It’s almost like they’re a Forex robot!
Well, it’s funny that you say that, but let’s stay on topic for a bit more. When you start not only measuring, but also managing your risk properly, your chances of success simply skyrocket, not from maximizing your wins, but from minimizing your losses!
Less Emotion, More Profits.
Proper risk management is not just a mindset you decide to enter and add it to your repertoire of “mind setups” for trading. No, having the right frame of mind is necessary when knowing what to do with your risk so that you can virtually eliminate it.
You need to behave like a Forex robot, which is quite what women do! Emotions like anger, despair, fear, and overconfidence are often synonymous with trading—but they’re also pictured as prevalent qualities of men around the world. Women eliminate emotion from trading so that their actions are driven by analysis and not passion, and most of them do it easily and seamlessly.
The Best Way To Eliminate Emotion From Trades: Forex Robots.
What’s better to kill emotion trading than with a tool that’s incapable of emotion? A Forex robot is the best tool for managing your risk, and women have been much quicker to figure this out than men The idea of a Forex robot is that you can simply program its algorithm and it’ll conduct the trades for you exactly as you tailored it. This way, you can simply forget about snapping at the last chance and start massively taking trades that you really don’t want to.
Using a Forex robot is the easiest way to ensure that your trades are conducted in the exact market conditions you want!