Many banks and investment firms have provided access to a variety of choices for individual investors to take hold of their finances and invest on their own. Even though these opportunities have gained in popularity, trading continues to be a male dominated industry.? However, just like men, women can make money in the markets and here are 5 reasons why She Can Trade.
Trading is a skill that can be learned like any other
Trading is a skill that can be learned like any other, unfortunately most people who try trading will usually jump in to what I call a ?hoping and praying? trade and end up losing big money. Trading doesn?t have to be this way, it is a skill that can produce consistent profits, it can even be a career.? Hello!? It?s mine.
Unfortunately, our education system today does not help everyone understand investment options. Financial literacy is important, we all need to understand how to invest our hard earned money. Trading is an area of the industry that lacks formal education which means that many of us don?t understand how to include trading as part of our investment portfolio.
You don?t need to buy expensive stocks
I?m sure you?ve thought about buying stocks like Apple, Google Facebook et al ? but there are better ways to trade.? We all hear about big stocks like Apple and Facebook in the news. Many people think that this is the only way to trade. In fact, I would argue that women who are looking for conservative trades, or beginning traders should avoid those stocks. They are very expensive and are big movers.
Sure, this might mean that one day an investment could make lots of money, but it also means that it is just as likely to lose money. Instead, find stocks that have volume but trade with slower movements. There are also many more ways to trade rather than just buying or selling stock. Trading includes strategies in Futures, ETF?s, Forex and my favorite, Options.
Trading doesn?t have to be a full time job?but it can be
There are various ways to trade which provides ample opportunities to trade at various times during the day, using different time frames. ?You don?t need to be in front of your computer all day to trade. You can find a trading strategy and market that suits your personality.
Whether you are a stay at home mom, on maternity leave, work part time or full time, trading is a flexible strategy that you might want to consider adding to your investment portfolio.
Define your plan and minimize risk!
This is where many beginners make their biggest mistake. Don?t put all of your money in one trade that your friend, hair stylist or dentist suggested. Do your own research and make sure that any trade aligns with your trading plan. Trading should not be treated like a lottery ticket.
Trading doesn?t have to be over complicated, but you will need to understand some basic trading knowledge. ?Learn from someone who also trades a similar trading strategy.
It doesn?t have to be complicated
Trading can be complicated but it doesn?t have to be. ?Some trader use all sorts of fancy charts and spend hours analyzing patterns. ?I trade for a living and even I get overwhelmed when I hear some analysts talk about charts.
Sometimes too much information can be just as detrimental. It?s very important that you know that you are just as capable as anyone else to trade if you choose. You are capable of trading!
Sarah Potter is a full time independent day trader, speaker and educator. ?She trades ?ES, YM and TF Futures and also trades Options using mainly Iron Condor and Spread strategies. ?Sarah shares her trading journey on her free trading blog at www.shecantrade.com which ?includes trading tips, trading videos and strategies to learn to trade. You can also follow her on twitter @shecantrade.
Source: http://www.girlsjustwannahavefunds.com/5-trading-myths-debunked-you-have-options/
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