Do Women Make Better Traders Than Men?

Do Women Make Better Traders Than Men?

When the question of whether men or women are better when it comes to trading is raised, there are often a slew of dissenting opinions. One pertinent point that is often made is that when you think of the stock exchanges, the majority of the traders there are men. What this fact does not take into mind, though, is that when it comes to trading, the people who are on the floors in these highly public arenas of finance are only a small tip of the iceberg.

The truth of the matter is that there are many men and women trading from home, over computer and phone, and their success rate is far above what you might suspect. Moreover, as more women get into what has traditionally been a male-dominated field, we are slowly realizing that women have a edge!

Why Get Involved?

If you are a woman who has been interested in getting involved with trading, but you have been in a place where you are simply uncertain about how to proceed, it is important that you hear about some of the benefits. For instance, when you look into trading E-minis, which are essentially small shares of futures, you will find that the rewards can be impressive. There is a lot of information out there on them, and the truth is that it takes a lot less capital to get started than you think to get started.

Remember that when you are thinking about getting involved that you are looking at limited investment for a high pay off! Looking At it From a Gendered Perspective interestingly enough, there may very well be a biological reason that women are better traders than men.

The traits that you need to make it big on trading involve a thorough grasp of the situation and the willingness to go out on a limb and take risks. While these are traits commonly associated with men, the truth is that women have them in spades!

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In primitive cultures, the role of males was fairly conservative; they needed to hunt and to defend territory, while women were gatherers. Because their role changed depending on where they were, women grew to be more innovative and more inclined to experiment then men; this can make for a better trader as well as a better gatherer!

What's Standing In Your Way?

When you want to get involved in trading, you will find that you might still have a lot of doubt going on. You might feel that finance is too difficult to get involved in without an education securing it, or you may feel that you have too much to lose. The fact of the matter is that trading is something that can go a long way towards giving you the financial independence that you have always wanted, and that by being aware of the risks, you can get involved in ways that keep you feeling comfortable. Once you get started, the mystique of trading can quickly become something that is easy to see through! If you are interested in becoming a trader, there is nothing to stop you.

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Most Common Financial Mistakes

Most Common Financial Mistakes It is indeed a material world. When it comes to spending, we are a culture of consumption. The result: rising levels of consumer debt and declining household savings rates. But in 2008, this culture was hit hard by economic reality. As a result of the credit crisis and ensuing economic recession, savings rates rebounded. For those who had been living beyond their means for years, it suddenly got a lot harder to make ends meet. And, although the government tends to encourage spending during economic downturn and statistics may lead us to think that overspending is normal, it is often a risky choice. Here we'll take a look at the most common financial mistakes that often lead people to major economic hardship. Even if you're already facing financial difficulties, steering clear of these mistakes could be the key to survival. 

  Mistake No. 1: Excessive/Frivolous SpendingGreat fortunes are often lost one dollar at time. It may not seem like a big deal when you pick up that double-mocha cappuccino, stop for a pack of cigarettes, have dinner out or order that pay-per-view movie, but every little item adds up. Just $25 per week spent on dining out costs you $1,300 per year, which could go toward an extra mortgage payment or a number of extra car payments. If you're enduring financial hardship, avoiding this mistake really matters - after all, if you're only a few dollars away from foreclosure or bankruptcy, every dollar will count more than ever. 

Mistake No. 2: Never-Ending Payments Ask yourself if you really need items that keep you paying for every month, year after year. Things like pay television, subscription radio and video games, mobile phones and pagers can force you to pay unceasingly but leave you owning nothing. When money is tight, or you just want to save more, creating a leaner lifestyle can go a long way to fattening your savings and cushioning your from financial hardship. 

  Mistake No. 3: Living on Borrowed MoneyUsing credit cards to buy essentials has become somewhat normal. But even if an ever-increasing number of consumers are willing to pay double-digit interest rates on gasoline, groceries and a host of other items that are gone long before the bill is paid in full, don't be one of them. Credit card interest rates make the price of the charged items a great deal more expensive. Depending on credit also makes it more likely that you'll spend more than you earn. 

  Mistake No. 4: Buying a New CarMillions of new cars are sold each year, although few buyers can afford to pay for them in cash. However, the inability to pay cash for a new car means an inability to afford the car. After all, being able to afford the payment is not the same as being able to afford the car. Furthermore, by borrowing money to buy a car, the consumer pays interest on a depreciating asset, which amplifies the difference between the value of the car and the price paid for it. Worse yet, many people trade in their cars every two or three years, and lose money on every trade. If you need to buy a car and/or borrow money to do so, consider buying one that uses less gas and costs less to insure and maintain. Cars are expensive. You might need one, but if you're buying more car than you need, you're burning through money that could have been saved or used to pay off debt. 

  Mistake No. 5: Buying Too Much HouseWhen it comes to buying a house, bigger is also not necessarily better. Unless you have a large family, choosing a 6,000-square-foot home will only mean more expensive taxes, maintenance and utilities. Do you really want to put such a significant, long-term dent in your monthly budget? 

  Mistake No. 6: Treating Your Home Equity Like a Piggy BankYour home is your castle. Refinancing and taking cash out on it means giving away ownership to someone else. It also costs you thousands of dollars in interest and fees. Smart homeowners want to build equity, not make payments in perpetuity. In addition, you'll end up paying way more for your home than it's worth, which virtually ensures that you won't come out on top when you decide to sell. 

  Mistake No. 7: Living Paycheck to PaycheckThe cumulative result of overspending puts people into a precarious position - one in which they need every dime they earn and one missed paycheck would be disastrous. This is not the position you want to find yourself in when an economic recession hits. If this happens, you'll have very few options. Everyone has a choice in how they live, so it's just a matter of making savings a priority. 

  Mistake No. 8: Making a Payment Vs. Affording A PurchaseTo steer yourself away from the dangers of overspending, start by monitoring the little expenses that add up quickly, then move on to monitoring the big expenses. Think carefully before adding new debts to your list of payments, and keep in mind that being able to make a payment isn't the same as being able to afford the purchase. Finally, make saving some of what you earn a monthly priority. http://au.pfinance.yahoo.com/special-features/common-financial-mistakes/index.html