When you think of trading, the first thing that comes to mind is men such as those you’d find on Wall Street. However, the trading scene is changing rapidly, and increasingly, more women are actively participating in the forex industry. Research done by Broker Notes reveals that more women prefer forex trading over other forms of trading, such as CFD and day trading. Additionally, the report shows that of the traders questioned, 41.8% of women consider themselves experienced.
The success of women in forex trading can be attributed to their willingness to follow a trading plan or system. Furthermore, the report shows that women tend to be more risk-averse, resulting in fewer risky or poor decisions.
Five notable women in Forex
Kathy Lien
Kathy Lien is the managing director of FX Strategy. She is a well-known forex market analyst and expert in finance, having started her career at the age of 18. Kathy launched her own forex website after joining FXCM at 21, with her focus being mainly on G20 currencies.
She has authored multiple books on Forex trading, with the most popular ones being The Little Book on Currency Trading, Strategies to Profit from Market Swings, and How Everyday People are Beating Wall Street at its Own Game. Lien has been featured on financial media outlets such as Investopedia, Bloomberg, and CNBC, thanks to her diverse experience in developing trading strategies and interpreting forex charts.
Linda Bradford Raschke
Linda Bradford has a career in trading spanning over 40 years. Having begun her career in the early 80s, Raschke is now a professional commodity trading advisor. She’s able to identify and act on trading patterns uniquely. Additionally, her long-term approach to trading has brought her much success.
Over the years, Linda has written several books, with the most notable ones being Street Smarts: High Probability Trading Strategies and Trading Sardines: Lessons in the Markets from a Lifelong Trader.
Raschke has appeared on popular outlets such as Bloomberg and has lectured at influential companies. Beginner traders can learn from her ability to trade with longevity and consistency.
Jennifer Fan
Jennifer Fan started working for Wall Street right after graduating from the Stern School of Business at New York University. In 2012, Fan was part of the Forbes List of 30 under 30. She later went on to start Arbalet Capital and later became the hedge fund manager.
She worked at Millenium Management as the firm’s portfolio manager and is now the CEO of Fan Family Office, a private wealth and asset management firm.
Raghee Horner
Raghee Horner is famous for her technical skills in forex, currency ETFs, and futures. Her experience in trading dates back to her high school days, when she would draw charts by hand and calculate indicators manually.
Horner is also famous for creating the Wave and GRaB Candles indicator. Her trading style differs from other women in this list as it follows a particular sequence. She utilizes her technical and analytical skills to identify a goal and come up with a winning strategy.
With over three decades of trading experience, Raghee is now the expert futures and forex analyst and trader at Simpler Futures Trading. She believes that there’s no one way to trade and that you have to have an open mind to determine what strategy works for you.
Lauren Simmons
Lauren Simmons made history in 2017 when she became the youngest full-time female trader on the New York Stock Exchange. She was the second black woman to become an equity trader at only 23 years of age. Simmons later pursued a career in trading and finance for Rosenblatt Securities.
She has published several books, directed films, and is an ardent speaker in trading forums. Lauren has also featured on top media networks such as CNBC and CNN. Simmons believes that to be successful in the forex markets; you need to make calculated moves instead of letting your intuition guide you.
Abigail Johnson
Abigail Johnson comes from a family with a successful financial history. Her father, Edward Johnson III, is the chairman of Fidelity Investments. She has served as the CEO and president of Fidelity Investments since 2014.
The rise of women in forex
Despite women constantly encountering gender bias, stereotypes, and misrepresentation when getting into the financial industry, there are multiple opportunities for growth. The increased number of women trading forex provides the perfect opportunity for younger women to find mentorship and network. As the trading industry becomes more inclusive, women will find it easier to excel in this field, which will contribute to innovation and diversity.
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