Whenever you hear the word ‘trader,’ an image that usually comes to mind is generally of a male person. There is a myth that the finance world is not for women. However, some top women traders have busted this myth and made history in finance.
Being a reputable broker platform, we can say that women are performing well in the market. Many of our profitable accounts belong to women traders. So in Beirman Capital’s blog, we will discuss women in trading, the best female traders, and can women actually make money in the male-dominated finance industry.
Women and The Trading World
Women are leading the world in the different fields. Even in the finance markets like forex, stock, commodities or cryptocurrencies, women are reaching new heights. The fact that women all around the world are becoming self independent. So they enjoy control over their money as a result, their participation in trading or investing increases.
According to reports, 20% of forex and 5% of crypto traders are women. And if we talk about the US stock market, 15% of traders are female, as per a report published in 2021. Further, a report highlights that in 2023, 60% of women in the United States have invested in the stock market; the percentage was 44% in 2018. As per data, overall women account for 12 to 15% of participation in the trading industry.
The percentage of women participation in the market compared to males is very low. And many people may find these reports depressing. However, considering the gender disparities globally, the ratio is not that bad. Further, I recently read a report stating that 77% of Gen Z women invest in the stock market.
That means that even after gender disparities and restrictions, women participate in the market. The percentage in each market is increasing as compared to the past years. So, definitely, women’s contribution to finance is growing. And the finance world offers women traders great opportunities to grow and shine.
The Best Female Traders in the World
When it comes to successful traders, the names that reflect your mind are George Soros, Stanley Druckenmiller, Paul Tudor Jones, and others.
George Soros wife Tamiko Bolton Soros initially ventured into online entrepreneurship and later collaborated with George Soros, the founder of Open Society Foundations. She supported him with writing projects and endeavors to realize the Foundations’ vision are the perfect example of empowering the women all over the world.
However, many women in trading also made a massive return in the financial market. So, let us discuss them and uncover the secret ingredients of their success.
Kathy Lien: The Most successful female trader
Kathy Lien is amongst the top forex traders, whether you include male traders or not. Profit comes from knowledge, and Kathy proved this phrase. She began her career at the age of 18. She has worked at JP Morgan, FXCM, and many forex-related firms in her career spans. All these platforms play a great role in enhancing her market understanding. Kathy is also a prominent forex market analyst and author. She has written many books that focus on actionable trading approaches.
High Probability Trading Setups for the Currency Market, Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game, Day Trading, and Swing Trading the Currency Market are the most famous books written by Kathy. These books serve as a guide to forex market beginners, and you should consider them before entering the trading market.
Kathy Lien even co-founded a forex firm named BK Asset Management. She is also among the driving forces behind the launch of Daily forex.com. With over 20 years in the forex market, Kathy Lien’s net worth is around $5 Million.
Linda Bradford Raschke: The best commodity and future female trader
Linda Bradford is another popular name in the trading world. Her short-term trading strategies earned recognition in the commodity and futures markets. She started her journey in the year 1981. In 2002, she started her own hedge fund.
Being a short-term trader, Linda majorly gives importance to technical analysis. With an experience of 40 years, she has a great understanding of the financial market. She has even written some books, including Street Smart: High Probability Short term strategies, Trading Sardines, Professional Trading Techniques, Building a Trading Foundation and many others.
Linda has also been quite popular amongst traders. She is really active on social media platforms like Twitter and YouTube. She shares actionable insights and her stories on these platforms. So, women who dream of becoming one of the best female traders can follow her and seek guidance.
Jennifer Fan: Big Name in the Commodity Market
Jennifer Fan started her trading career at an early age. She has completed her graduation from the Stern School of Business in New York. Her excellent commodity trading knowledge comes from a commodity market background.
She has worked in many commodity firms like Wall Street, Arbalet Capital, Millennium Management, and Arrowhawk. Even got a place in Forbes’s Under 30 list in the finance sector in 2012. She is now the chief investment officer of a $650 million commodity hedge fund.
Jennifer is a great believer in the commodity world and are of view that the commodity market every day affects how humans behave. She is the reason why many people switched from stock to commodity markets.
Raghee Horner: Best to seek guidance for diverse trading
A Bet made Raghee get a place in the list of the best female traders. Her journey to start trading is quite interesting. Raghee’s mother asked her to invest 25% of what she made in her part-time job. At first, Raghee found this ridiculous; however, over the course of time, she started enjoying trading. She then started developing her knowledge, learning chart patterns and trading in the market.
Raghee is now a Managing director of a future trading firm. The best thing about her is that she does not keep herself limited to one market and trades in different assets. She has made a significant amount while trading forex currencies, options, futures and equities. She focused on the combination of technical and fundamental analysis throughout her journey. Raghee’s net worth is around $82 million, and a prominent player in the trading market.
Cathie Wood: Best female trader in the forex market
Cathie Wood grabbed all the attention with her trading performance in the currency market. She is the Chief Executive Officer of ARK Investment, a stock market firm. Even after that, she was known for her strategies for foreign exchange trading.
Cathie completed her graduation in 1981 from the University of California in finance and economics. She even got a place in Forbes’s over 50 leader list in 2021. Cathie has an excellent understanding of the market; she even predicted the rise of Tesla. Female traders who are interested in forex trading can take reference from Cathie’s actionable strategies.
Why Women are Excelling in the Trading Industry
The participation of female traders is very low compared to the male gender. However, even after that, many researchers have found that females are better traders than men. The number of women traders may be less however, those participating in the market are excelling in the trading world. Let us understand what makes women better traders:
Cautious Approach: Women’s ability to pay attention to small things works well in the financial market. You may have heard of the famous joke about how women can differentiate between shades of the same colors. And in the market such skills are very rare and important. As a result, they do not compromise with their trading rules and place trade only when they should.
The Hunger to Trade with the Best: You may have seen women dedicating hours to finding the right dress. They do so much research before buying a dress, so you just think how much research they will do to select the right platform.
Women generally get attracted to a broker with a highly advanced website and features. And only leading platforms have some extraordinary services. In addition, most of the female traders prefer to trade with a licensed broker. Further, their ability to ask questions allows them to trade with the best platform. And that is the reason why Beirman Capital has many women clients.
Discipline and Patience: You may have seen many male traders who want to become millionaires overnight. However, you rarely meet a female trader with such expectations. Women are already quite disciplined in their lives so even in the trading world.
Female traders give much importance to following trading rules, preparing trading journals, and managing risks. These qualities help them integrate discipline and patience in their journey.
Conservative Nature: Risk-taking is a must for trading in the financial market. However, male traders generally tend to play with their risk. Women in finance tend to avoid placing highly risky trades and hold a trade longer. They even avoid taking risks more than they can afford to.
Many people see it as a negative side. However, that’s not. Women give more importance to informed decision-making. Due to their conservative nature, they generally make low yet consistent returns.
5 Obstacles that Stop Female Traders
Women actually have the potential to make a good income in the trading world. However, even after that, many female traders face challenges and restrictions in joining the market. Here are the key barriers that stop them from doing so:
Lack of Knowledge: In a male-dominated society, men usually make all the finance and investment-related decisions. As a result, females generally lack financial market knowledge. Even working women do not participate in investment-related activities.
Most of the women are unaware that they can even make money from such activities. However, males generally have a basic knowledge of the market irrespective of whether they trade or not. The general knowledge increases the chances of entering the financial market for male traders.
Lack of Acceptability: Women are showing their caliber in different fields. However, even after that lack of acceptance stops them from joining the trading world. Many people are of the perception that trading is not for women. When some women think to start trading, these stereotypes stop them from doing so.
Lack of Time: Trading or investment requires a significant amount of time. And for males, managing trading with their primary occupation is easy. However, in most countries, women need to take care of their homes and families with their primary occupation. Thus, dedicating hours to trading or investing activities is a challenging task for female traders.
Lack of control over money: Whether women are earning or not, they enjoy less control over money. Trading or investment requires significant capital and resources. In addition, the risk of losing money is also there. Lack of access to capital or resources stops them from entering the trading market.
Lack of Motivation: The number of women in finance is less, so obviously, the success stories of female traders will also be less. It is human nature that people tend to follow their role models. In the market also, most of the traders enter following their role models. However, in the case of women, there are only a few success stories that result in a lack of motivation.
Wrapping Up
Women tend to have all the attributes that are required to start trading. Even the success rate of women is usually higher than men in the market. The only thing that is stopping women is the lack of acceptability and support.
The trading industry offers a number of opportunities to grow and take a step toward financial freedom. We have seen how Kathy Lien, Jennifer Fan, Linda Bradford Raschke and others have got a place among the best female traders.
Today’s women traders have role models, but the above female traders even don’t have any kind of role models. Even after all the barriers and challenges, they entered the market and started their own firms. And now these are amongst the most successful people in the world.
Beirman Capital understands the importance of women’s participation in the market. Therefore, we offer exceptional discounts and bonuses to women traders to increase their participation. So, if you want to become the next big name in the list of best female traders, then open an account with us and start your journey
FAQ:
Who are the best female traders?
- Kathy Lien
- Linda Bradford Raschke
- Jennifer Fan
- Raghee Horner
- Cathie Wood
Who is Kathy Lien?
Kathy Lien even co-founded a forex firm named BK Asset Management. She is amongst the top forex traders in the world.
What is the net worth of Kathy Lien?
Kathy Lien’s net worth is around $5 Million. She is amongst the richest female traders.
Why are women becoming more prominent in trading?
Women tend to have attributes like a cautious approach, research skills, patience and discipline. These will help them to trade with excellence in the market.
What challenges do female traders face in the industry?
Gender bias, lack of acceptance, lack of financial freedom, and lack of representation are the key barriers that stop women from entering the trading world.
How has Kathy Lien contributed to foreign exchange research?
Kathy Lien is a prominent author and research analyst with over 20 years of experience. She has written many books that serve as a guide to traders.
