There are many successful Forex traders who made it to the top. But most of those we know about are men, right? However, there are certainly some female traders you need to know about in 2020.
Pretty much all more or less professional traders know that it is crucial to know how to control emotions and stay calm regardless of losses and hardships that might arise. And as there is a common belief that on average women tend to possess and to save by nature (not to be sexist thought!), it would have been logical to assume that they might be even better at Forex trading. That was also supported by the research conducted by Time magazine, which showed that men tend to take up more risks while trading then women. Turns out that men on average trade more often than women as well – 45% more frequently, to be precise. What is more, based on the research conducted by behavioral economists Terrence Odean and Brad Barber, it was stated that the net returns of men were reduced by 2.65% after trading on Forex a year. Meanwhile, the rate was 1.72% for women.
Moving further, it was found in 2018 that 1 out of every 7 Forex traders is a woman. That rate increased significantly in just a year, as in 2017 when only 1 in 10 traders was female. We may now summarize that Forex trading is becoming more and more common among women. There are now many female Forex traders who are doing great in the trading and investment world. That is why we thought it would be a good idea to look at them and maybe take an example from their success stories, which, believe us, are sometimes mind-blowing.
1. Abigail Johnson
Abigail Johnson is the daughter of a former Chairman of Fidelity Investments, Edward C. Johnson III. Fidelity Investments Inc. is a multinational financial services corporation based in Boston. It was founded 74 years ago and has been thriving ever since. Notably, Edward C. Johnson III was the son of the founder of the company. Abigail became the president of Fidelity Investments back in February 2014. Even though many have been speculating that she has been groomed for the role, Abigail proved them wrong by coping with her duties the best way possible.
2. Kathy Lien
For any Forex follower out there, Kathy Lien is definitely one of the figures to look out to. She is a true expert in her field – she will provide you with the excellent and precise rundown of all events happening on the market at the moment and also an analysis of how those might influence the currency volatility and prices. Not only does she observe daily Forex news, but she is also a great advisor when it comes to selecting Forex brokers for beginners and professionals.
Kathy graduated from the New York University Stern School of Business and right after, at the age of 18, she started working at Wall Street. Pretty impressive, isn’t it? Apart from that, she was also working for JPMorgan Chase on the Interbank FX trading desk. In 2003, she participated in the creation of DailyFX.com, one of the largest foreign exchange research portals.
3. Linda Raschke
Linda started trading back in the 1980s. She was working as a market maker in stock options. Before starting her career as a day trader, she has been working at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange.
Now Lynda is the president of LBRGroup Incorporated, working as a commodity trading advisor. Moreover, she is constantly giving public lectures and several prestigious institutions like the Managed Futures Association and Bloomberg. You can also find her books written on high probability trading strategies.
4. Jennifer Fan
After graduating from the business school, Jennifer was employed by first Morgan Stanley and then after by Arrowhawk Capital Management, where she became a partner and portfolio manager. Jennifer managed to launch her $650 million hedge fund which she is still successfully managing.
5. Raghee Horner
Raghee made a valuable contribution for the development of John Carter’s Simpler Trading. She is mainly focused on Forex, ETFs, and Futures. Her professionalism and excitement about her job make her one of the most valuable experts on the market today. Notably, Raghee Horner is also a creator of the famous 34 EMA wave method, which is highly used by other professional Forex traders. Raghee is definitely among the most successful and professional female Forex traders out there for the moment!
But regardless of gender, ethnicity, or religion, the key to success of the Forex market are the same for everyone: no matter how hopeful or desperate you are, you cannot blow out your account and exhaust your equity completely.
After reading this article, we hope you ensured that Forex trading is not strictly reserved for men and female traders can also possess a rock-solid discipline that would allow them to become the best at what they do. And, finally, the best piece of advice we would give you is to make a plan and stick to it.
