Over the years, there have been arguments and debates about men and women. From questions like, who are more intelligent, who are more loyal in a relationship to issues like who are more emotionally vulnerable, there are hundreds of arguments about men and women. But with forex trading, it seems that women have won the battle with men. There are a lot of studies, surveys and research claiming that women trade better than men in forex trading. As a woman, you might totally agree with these studies but as a man, you might be outrageously saying a big no to this claim. Thus, if you are not yet convinced, here are the four reasons why women trade better than men in forex trading.
Let us talk first about the most obvious one, saving money. It is believed that women are more financially careful and have calculated approach. Hence, women trade better than men because they know exactly the value of money they are dealing with. This makes women more careful in trading and they do not attach any emotions in doing so.
Men tend to be more impulsive in making decisions. On the contrary, women tend not to be contented and complacent with what they know. Therefore, she will conduct more research to gather all the relevant and necessary data before making any decision in trading. Women also tend to regularly check forex strategies that work than men do.
In relation to preparation, since women are more prepared and equipped with the right knowledge, data, and technologies, they tend to be more careful in trading. This allows them to evaluate and manage risk in a smart way. Unlike men who are very much into ego and pride, women always consider all the necessary factors before trading.