Who is the best in trading? Men or women? | Forex Factory

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Who is the best in trading? Men or women?

  • #1
  • First Post: Oct 19, 2011 6:03am Oct 19, 2011 6:03am
so who is the best ?

most of man act and doing things with his brain (analysis)
most of woman act and doing things with his heart or feelings (intuition)

well i say neither man nor woman is the best trader,
with a man skill, analysing and over analysing is make us to fear and not confident to open a new trade
with a woman skill, enter the trade by feeling, no fear and easy to open a trade, what a mess
so none of them is the best trader.

we need both of that skills in trading,
we must first analysing the market before make a trade, just a simple analysis using the man skill and then after analysing, pick a trade using your feeling/intuition (woman skill) if you have a bad feeling when you want to open a new trade, so no trading for that day.

Do Think like a man, and do thing like a woman
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #2
  • Oct 20, 2011 2:28am Oct 20, 2011 2:28am
Being logical has its pros and cons, and as does being emotional.

You can't simply pick and choose, you have to take the good along with the bad.

That's yin yang.

And it's the fundamental truth behind EVERYTHING in the universe.

The up and down, cyclical nature of currency pairs is a very blatant example of this.

There are plenty of morons in the world who have no clue of such philosophies, but I would expect any successful investor/trader to understand.
  • #3
  • Oct 20, 2011 8:48am Oct 20, 2011 8:48am
Quoting kibescorp
Being logical has its pros and cons, and as does being emotional.

You can't simply pick and choose, you have to take the good along with the bad.

That's yin yang.

And it's the fundamental truth behind EVERYTHING in the universe.

The up and down, cyclical nature of currency pairs is a very blatant example of this.

There are plenty of morons in the world who have no clue of such philosophies, but I would expect any successful investor/trader to understand.
Thats just a simple thought of me, don't mean it, okay

Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #4
  • Oct 20, 2011 9:05am Oct 20, 2011 9:05am
Wrong question to ask.

And also dumb.

The best trader is the one who puts in the most effort to become successful.

Being a woman or a man does not even matter at all. As a matter of fact, you could be a teenager and be better than 90% of the traders here.
  • #5
  • Oct 20, 2011 9:12am Oct 20, 2011 9:12am
Quoting thelws
Wrong question to ask.

And also dumb.
Thelws, thats just a simple tought of me, just for fun, firstly i post this thread in member lounge, maybe the moderator move it to trading discussion thread.

Quoting thelws
As a matter of fact, you could be a teenager and be better than 90% of the traders here.
thanks for your nice words Thelws.

Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #6
  • Oct 20, 2011 12:50pm Oct 20, 2011 12:50pm
I think this is the second thread about women traders and your opinion that men make better traders (because women belong in the kitchen ). Why are you so concerned?

If it helps ease your fears once and for all, women make better traders.

"A fascinating study by Dr John Coates, a former derivatives trader for Goldman Sachs, reveals that there are specific biological reasons why women make better traders than men. Male hormones direct us towards boom and bust. Coates studied traders when they were either making or losing money and found that many of the cognitive errors responsible for poor investment decisions can be explained by an excess of two critical hormones: testosterone and cortisol.

Coates's 2008 study, for Cambridge University, claims that the release of testosterone when traders are winning can lead to the creation of market bubbles. Traders believe themselves invincible and repeatedly seek the rush of victory, even when reason and experience direct them otherwise. If enough traders indulge in this bullish behaviour, it pushes prices up beyond fair value, creating a bubble.

Coates also shows that hormones have a role to play in down cycles. In volatile markets, cortisol - a hormone that induces a reduced appetite for risk - is released. Excessive cortisol (from repeated down-days) can induce a state of "learned helplessness" where traders are trapped in a state of perpetual bearishness, unwilling to buy even if they know that prices have fallen too far. This latter phenomenon explains the dead-eyed traders I would see pacing the floors of investment banks during the crash, unable to believe that the markets would ever recover.

Female traders have generally lower testosterone levels than their male peers: the irrational gambling instinct that causes speculators to continue betting on a rising market even when fundamental analysis suggests that prices have risen too far is largely absent. Furthermore, oxytocin - the hormone whose synthesised form is employed to induce labour - is found in higher quantities in women than it is in men. One of its effects is to neutralise the impact of cortisol, making women traders less liable to be caught in the downward spiral of the bear market. So if the trading floors had been populated by women rather than men over the past decade, it is entirely possible that the bubble and the crash might have been much less severe, if not avoided altogether."
  • #7
  • Oct 20, 2011 1:59pm Oct 20, 2011 1:59pm
Quoting smittens4212
So if the trading floors had been populated by women rather than men they would have been a lot cleaner....

Spot on.
  • #8
  • Oct 20, 2011 3:52pm Oct 20, 2011 3:52pm
Quoting smittens4212
I think this is the second thread about women traders and your opinion that men make better traders (because women belong in the kitchen ). Why are you so concerned?

If it helps ease your fears once and for all, women make better traders.

"A fascinating study by Dr John Coates, a former derivatives trader for Goldman Sachs, reveals that there are specific biological reasons why women make better traders than men. Male hormones direct us towards boom and bust. Coates studied traders when they were either making or losing money and...

I'm sure this is all true, but the fact of the matter is ... a fully-prepared trader (one who is actually ready for live trading success) is someone who has the discipline to make trades completely based on logic.

Emotions *shouldn't* be playing any part in your trading decisions at all. This is a very difficult state of emotional enlightenment, discipline, and wisdom to attain. 99% of the people in this world don't have that kind of discipline, so that's probably another major reason why the vast majority of those who attempt trading end up failing.

Trading successfully isn't just about understanding the behaviors of the market, but it's also (and maybe even more so) about having the discipline and being enlightened enough that you are not in any way influenced by your emotions (at least as far as making decisions go).
  • #9
  • Oct 20, 2011 4:04pm Oct 20, 2011 4:04pm
If I had to make a generalization about this, I would guess that while women are more emotional than men (generally speaking), they probably also have a better HANDLE on their emotions (also generally speaking).

Men tend to "blow up" easier than women, and are probably more likely (in general) to make rash trading decisions.

Generally, women are probably going to be more cautious about trades and tend to OVERANALYZE (which in the case of trading, is not only a positive thing, but is absolutely crucial).

Given that, I would personally say that my own trading mentality mirrors that of a female's more. Having a Type A personality (like most women in general) and tending to overanalyze things actually keeps me making better, safer trades.


(how many times did I use the word "generally" in that post?)
  • #10
  • Oct 21, 2011 12:30am Oct 21, 2011 12:30am
in my opinion, both are equal
  • #11
  • Oct 21, 2011 1:29am Oct 21, 2011 1:29am
women maybe a patience trader while men are always full of excitement which in the end would lead to greediness. women might sometimes missed the good entry due to over cautious
  • #12
  • Oct 21, 2011 2:25am Oct 21, 2011 2:25am
great question, i like this thread

personally i think the ultimate trader would be a mix of both. in fact, i think the most intelligent people naturally are already. being able to act on intuition is a wonderful blessing, and in reality, from my experience, logic is limited. you can "rationalize" forever and ever without being able to make an ultimate conclusion. logic is a tool, just like feeling-intuition. use both to your advantage

actually i would separate emotions from intuition. i think intuition is deeper and i think women are more in touch with it, generally. logic has its place though, without a doubt
  • #13
  • Oct 21, 2011 6:34am Oct 21, 2011 6:34am
but still, it would be a mystery to solved. either men or women are the best of all time
  • #14
  • Oct 21, 2011 1:24pm Oct 21, 2011 1:24pm
Quoting smittens4212
"A fascinating study by Dr John Coates, a former derivatives trader for Goldman Sachs, reveals that there are specific biological reasons why women make better traders than men. Male hormones direct us towards boom and bust. Coates studied traders when they were either making or losing money and found that many of the cognitive errors responsible for poor investment decisions can be explained by an excess of two critical hormones: testosterone and cortisol.

Coates's 2008 study, for Cambridge University, claims that the release of testosterone...
thanks for your reply Simtterns, a great explanations from you
maybe,how to know who the best trader is make a statistics from profitable trader, then we count how many men trader from the groups and how many women trader from the groups.
then we can make a simple conclusion, from that ratio
if the women have the bigger ratio, so the best trader is women.
Just my stupids opinion.

Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #15
  • Oct 21, 2011 1:29pm Oct 21, 2011 1:29pm
Quoting kibescorp
Having a Type A personality (like most women in general) and tending to overanalyze things actually keeps me making better, safer trades.
Overanalysis is no good kibescorp, overanalysis, can make us doubt to open a new position,
Just a simple analysis or KISS (Keep It Simple Stupids)

Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #16
  • Oct 21, 2011 2:28pm Oct 21, 2011 2:28pm
Quoting du jin shan
so who is the best ?

most of man act and doing things with his brain (analysis)
most of woman act and doing things with his heart or feelings (intuition)

well i say neither man nor woman is the best trader,
with a man skill, analysing and over analysing is make us to fear and not confident to open a new trade
with a woman skill, enter the trade by feeling, no fear and easy to open a trade, what a mess
so none of them is the best trader.

we need both of that skills in trading,
we must first analysing the market before make a trade, just...
any entity capable of following a set of rules. possibly even a female monkey. )))
  • #17
  • Oct 22, 2011 3:24am Oct 22, 2011 3:24am
Quoting deltatrade
any entity capable of following a set of rules. possibly even a female monkey. )))
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #18
  • Nov 12, 2011 4:37am Nov 12, 2011 4:37am
I think we women can follow direction..
we check our ego and consult with the team
My free skype trading room is full of lady traders and guys also.
skype: quantme
  • #19
  • Nov 12, 2011 5:17am Nov 12, 2011 5:17am
Quoting bestforexp
Its not like that a Men or a women.. Anyone can be successful in the Forex trading.
Thats why I say neither man nor woman is the best trader, who the best will be the winner. Take and Adapting man and woman outer skills to our benefits in trading.

Quoting Du Jin Shan
well i say neither man nor woman is the best trader,
with a man skill, analysing and over analysing is make us to fear and not confident to open a new trade
with a woman skill, enter the trade by feeling, no fear and easy to open a trade, what a mess
so none of them is the best trader.

we need both of that skills in trading,
we must first analysing the market before make a trade, just a simple analysis using the man skill and then after analysing, pick a trade using your feeling/intuition (woman skill) if you have a bad feeling when...
Quoting bestforexp
You must follow certain trading system, if you really want to become successful in the field of forex trading. However, it will require you to take consistent tests of the trading systems to find the best one, but definitely the most consistent one can bring you sure profits.
The key of trading success is not in trading system.
You may have the best trading system but with a poor Psychology and a poor money management, you will never make money from this forex market.

The most important thing in trading is Psychology trading and then money management, and then trading system ( yes, we need a trading system, but not as important as psychology trading and money management )

Best Regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #20
  • Nov 12, 2011 5:21am Nov 12, 2011 5:21am
Quoting hakkyungcha
I think we women can follow direction..
we check our ego and consult with the team
Yes, that is feeling (intuition).
I greatly admire those woman outer ability.
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
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