| Description: | The common myth is that trading is mostly fuelled by testosterone unfortunately proves true. Studies have proven that men tend to take more risks, which can be fatal when applied to gambling and trading on the stock market. Moreover, men have the bad habit of holding on to bad trades and move in and out more often than what’s necessary largely driven by ego. On the other hand, female traders are better suited at making the most profit as they are less likely to take risks. The study, published by the Barclays Wealth & Ledbury Research, explains that the reason for the risk-averse behaviour is the fact that women aren’t excessively confident like men are. Translated to simple language, women are free of ego barriers and mental blocks, and are more accepting of their mistakes. If men are happy with making the same mistake over and over (for ego, because of habit or any other reason), women are content to learn once from that mistake and do better the next time around. This makes women better traders as they don’t chase losses, aren’t reckless and can live with losing a percentage rather than risking a win-or-lose-it-all action. |
