Though man is considered to be a social animal dependent on his fellow beings, every individual likes to be independent. As a child we all have the hope of going for a job, earning and living our independent lives. Though the whole idea does not seem very cool and colorful as we had hoped for during our childhood, income is undoubtedly a significant factor that helps an individual be independent.
While it’s the family man’s responsibility to secure the financial stability, his woman’s job is often confined to taking care of the family and home. This stereotype is being broken today; as we can see women taking up jobs just as much as men, while also taking care of the family. Yet, there is still a large number of women who do not do so. A majority of women falling into this category are mothers. Having a young child at home puts most mothers in a difficult position. Job, house, kids, all makes her stressed out and often she chooses to give up job and hold her family above all.
In this ultra-fast modern world that demands both the father and mother to work for the smooth running of the family, she need not be disappointed in not being able to utilize her fire and energy to work again. Today there are several work-from-home jobs that help earn a few extra bucks. One such source is online Forex trading –all you need is knowledge of Forex and a personal computer or a laptop with an internet connection!
A major advantage of working from home is that it is easier for her to switch between the daily chores and squeeze in time for their trading life; thus, providing flexible working hours in the comforts of one’s home.
Statistics show that constituting below 15% of all Forex traders, woman traders have made their mark in Forex. Let’s now take a look at factors that give this statistic strength.
She knows to say ‘NO’
Studies and experiments conducted have shown that women are better at saying no to propositions that pose a high risk, thus helping them to limit their loses while preserving their profits.
She admits when she is wrong
“It’s the market strategy!” he said angrily as he experienced a loss on his trade. When it comes to Forex trading, men tend to play up their ego and refuse to admit mistakes. On the other hand, women are not shy to do so. They are more ready to accept bad decisions as well as open to learning from them.
She is a well-disciplined trader
When it comes to controlling their emotions, women are more disciplined. While the hotheaded male traders are on the verge of having a heart attack, one can find the female traders more calm and composed. They know perfectly well that in the world of Forex trading, no matter how one does things perfectly and executes well-planned strategies, he/she is can at any time face a trading loss.
She is more patient
When it comes to trading, patience plays a great role in determining real success. Women traders are often very patient and so concentrate on long-term strategies. Male traders, on the other hand, execute short-term strategies that deliver more immediate gains. However, it has been noted that while women traders do not produce immediate results, their long-term strategies produce greater gains over time.
She learns better and applies it perfectly
Female traders who are beginners Forex trading lessons very seriously. They utilize the “Demo Forex account” facility provided by most Forex brokers effectively to learn the general rules and to cultivate an efficient strategy to win before they start trading on the live MT4 platform. On the other hand, male traders, often after a few wins on the trials get more confident and take on the live trading. Studies have shown that male traders are 2.5 times more likely to break trading rules than female traders.
With the above said, online Forex trading actually opens up a highly potential income generating source for all women. All you have to do is learn Forex trading, trade on a demo account, develop a long-term trading strategy and then apply it into the live account and earn at the comforts of your home. Got any queries or need help to get started? We got you covered! Fill up the contact form and one of our representatives will contact you shortly.