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[nsecurrencyderivatives]

Why more women should actively participate in Forex Trading on Indian Exchanges?

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The percentage of women involved in doing trading in India is quite less in India as compared to men. Trading is a fascinating world where women can also showcase their competitive skills. If these women start to utilize and execute their skills in trading then they can provide decent competition to the world dominated by men. Women are capable of not only handling family matters but also business matters. Their skills of micro management and handling micro credits is one of the rarest skills which male members do not posses. Some of skills which make women perfect household managers can be implemented in the trading world also. In this article I would try to discuss the question “Why should more women trade Forex in Indian Exchanges?”

Minimum Capital Requirement

In my opinion, trading is also a business. It is a business which doesn’t require any establishment and infrastructure investment is minimal for a trader. A beginner trader can get started even with a Rs 15000–20000 smartphone or a budget-friendly laptop. The initial capital required for trading other products is huge. In case of Indices FnO or stock futures but when it comes to trade in Forex, the initial investment is as low as Rs 2500 for USDINR or maximum of Rs 4300(approx) for GBPINR pairs. In India, most of the housewives have the habit of saving little money which they either steal from their husband’s pockets, get as pocket money from husband, get money to buy household items, shopping etc. These small savings become quite big over a couple of years. This is the rare skill which every homemaker deploys in India. It is the sort of emergency fund which they save for their family. In my opinion, it is a good habit, and this makes them ideal for entering into the trading world. They can easily manage to gather the minimum margin required to trade into Forex.

Education Requirement

Trading doesn’t require fancy university degrees. I am not biased towards the percentage of the women who owns university degrees or not, because this article focuses on the core issue of more women participating in Forex trading. Majority of homemakers (coming from small towns or villages ) have at least completed their basic schooling. The only education that is required is the understanding of budgeting and finance. Most of the housewives are expert in household budgeting and finance. If they can manage their respective household finance, then they can also manage the trading complexities. In metropolitan cities average woman is a graduate or a degree holder. This becomes more beneficial in the trading profession.

Women have more socializing skills.

When it comes to socializing skills, then women are better placed with their counterparts. Tell me, if you have ever found any man asking another man to give the company when going to the washroom? While a woman always asks another woman to give the company when going to the washroom. The reason is simple women love to gossip, and a woman can easily socialize with another woman. The same is not true with men. These socializing skills can attract more women to take up Forex Trading.

In villages, Mahila sabhas and gram panchayat provide a platform where women discuss their problems and also encourages community women to take up skills which will not only help their own family but also help the community as well. Once women pick up trading as a profession, this can become the topic of discussion in such Mahila sabhas and gram panchayat meetings. Women tend to socialize more as compared to men, and this habit of socializing can attract more women to join trading.

Socializing skills in the form of kitty parties is quite common among the city women. This can provide platforms for informal trading groups comprising only of women traders. This too, can attract more and more women to the trading world.

A Housewife understands Household budget.

A majority of housewives are experts in managing household budget and finance. They understand micro credits and are better micromanagers. This skill is a boon if they can use in Forex Trading.

Love for Travelling

Who doesn’t love travelling abroad? I bet, majority of women love to travel. They understand the Forex easily. They know the basic mechanism of buying Dollar and giving Rupees at the Forex counter in Airports. The same is done on the trading terminal just the difference is that Future and options replace physical currencies.

The advantage of Time

Since society is evolving rapidly where we are seeing more nuclear families, in such families, housewives have plenty of time after completion of household chores. They can utilize this free Time to execute their skills in Trading. We are a population of 143 million people. Can you imagine the number of housewives who will be Trading during their free Time. Well, this fits perfectly well for the women who don’t love the saas-bahu serials.

Women are multitasking

Believe it or not, women are multitasking. They can cut the vegetables and watch a TV serial at the same time. It means their focus is both on the cutting of the vegetable as well as on the TV serial. On top of that if any phone call comes they can handle that too. Such Multitasking skill if brought into Forex Trading can change the present-day trading environment. Imagine they will be developing strategies for the different pairs at the same time.

Trading gives a sense of Freedom.

Well, Trading definitely gives a sense of Freedom. It is a business which requires bare minimal setup, and it doesn’t require marketing or publicity and owning a business gives a sense of Freedom. This will encourage more women to take up entrepreneurship in their lives.

Trading makes one a self-independent

Most of the non-working women are dependent on their husband or other household members, even for their expenditures. Trading can eliminate such dependence. This should provide a reason for more women to participate in Forex Trading.

Trading allows testing skills

Trading allows a woman to test her skills, challenge herself as well as others. Trading also tests psychology and other mental barriers which they didn’t explore so far in their lives.

More Women means more trading volume.

Forex market in India is a low volume market compared to our western counterparts. If more and more women traders are coming to trade Forex, then I think the volume would pick up for all the exchanges who are struggling keep the Forex products running in their platforms.

Risk-Averse Management

Men are more risk-takers as compared to women. However, Trading is a game of risk-taking capability, and Forex Trading in India can fit every style. Means it can go well with risk-takers and also go well with risk-averse players. Women can find Forex Trading as per their comfort zone where risk is minimal.

There is no retirement age.

When I say woman, it means woman of any age. There is no retirement age in Trading, and anybody can pick up trading at any age (above 18 of course). It requires passion and curiosity to learn the skill. Most women after retirement can pick up Trading and generate a decent income in their retirement. Well, of course, all that glitters is not gold and risks are always there in every business. But if risks are known beforehand, then the fear of loss gets eliminated. The beginning can be done with small capital which can be scaled up whenever confidence is achieved in taking trades.

These are my personal opinions. I believe that more women should become traders and pick up Forex Trading. It is the only segment which requires minimum capital to start a business. Being a business owner gives every woman a sense of freedom, achievement and success. She gains more respect within the family as well as from society.

Any feedback, suggestion or comment is welcome.

[anupmasblog-blog]

I believe, financial planning process is an in-built talent possessed by every woman, this can be seen in the way they manage the entire house. There are many investment options for better allocation of saved money : 1. Trading 2. Mutual fund investment 3. PPF 4. Bonds 5. ETFs, etc. But here my focus will be on trading only, also called direct equity. Initially, this concept(trading) will be found very scary, unfamiliar terms, fancy charts and number thrown around to confuse us but believe u me, in reality trading is not all that difficult if u are a mom and raising a kid. 😇😅🤗 Stay tuned. #happyinvesting #happyinvestors #trader #tradingstocks #tradingstrategy #tradinglifestyle #investmentquotes #investing_journey #investingirls #investingquotes #tradingdecisions #womenhelpingwomen #womenempowerment #womeninspiringwomen #womentraders #womeninvestors #womens #invest_o_mommy https://www.instagram.com/p/B2ruc5onC_t/?igshid=1w6yjgu111mnm

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[wwtforex]

Intro

I’m a part-time trader, mother, and an Amazon FBA Seller. I found one strategy that works for me. It’ s important to find a strategy that works for Y-O-U.  I’ll be sharing information about forex and trading currency from the forex basics, analysis tips to the many different types of forex trading strategies. Thank you for being here and following!

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7 Reasons Why Women Trade Better Than Men https://fxdailyreport.com/7-reasons-why-women-trade-better-than-men/  

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