FX WOMEN IN FOREX
discarded everything else over the 29 years I have been doing my job.
Nothing else I have learned over
the years gives me as much insight to what the price is going to do the next day as a daily and/or 60 min bar chart, Fibonachi levels and stochastics. Most recent
technical
analysts in banks who use these new- fangled systems don’t actually trade and, frankly, I am not sure that they would know how to. Trading is most likely not part of their job anyway these days.
I have found my trading
background was an incredible asset to my ability to produce T/A reports. I know how traders feel. I am one at heart, and this is why I base Charmercharts from the eyes of a trader who uses charts to make profitable trading decisions.
MG: Did you ever need to face
the stereotype of women being more risk adverse than men? Do you agree with it?
CH: To be fair, because I have
been doing this so long the female stereotypes never really applied to me. I was never the aggressive type because I never needed to be. I was in this market from the beginning. Have come up against being stereotyped by men? No. By women, yes...
Some women over the years have 60 FX TRADER MAGAZINE July - September 2011 MG: So you believe women can do
their way through this man’s world... CH: Te genders are not so skewed
in the big banks anymore, but (in the retail market) I believe very few women actually trade their own money in comparison to men. Tis should change as women make great traders if given the opportunity.
What I will say is that in my 29 years
of experience on the LIFFE floor and with various major bank dealing rooms, women were then and are now by far the better trader when given the opportunity, and if I needed to recruit a trader I would definitely go for a women rather than a man.
I must admit that women traders
are better than men because they do not have egos. Tey can change their minds quickly if they are wrong, and
been a disgrace and I am ashamed of them. I’m referring to those who claim to want to work in this wonderful business and then scream sexual harassment because a trader has farted. I say fart back or smile knowingly. I have never been insulted by male colleagues. Even though I have held some senior rank in the Banks. If I heard some comment aimed at me on the floor or in the dealing room, I always fired back a quick retort. It was all taken in fun however, even on the most stressful times in the market. I have never found the need to burn my bra.
are patient if they are right. Men have egos. A position becomes
their position and they guard it jealously, sometimes to the detriment of the position. Once they have taken a view, they do not like to lose face and reverse a wrong position. “It will come eventually” is a phrase I have heard over and over again. Sadly, sometimes a position does not pan out and has to be closed.
Women are different. Tey tend to
go into a trade with a profit and a stop order in mind. Tey clearly define that they have entered a trade at a good level, and if that level is wrong, they quickly reverse their trade and do not hold onto a losing position. Tey have no egos, the trade is not personal to them. Tey know when they are wrong.
Patience is a virtue has always been my other favorite saying.
PROFILE: Carol Harmer • Current
Job: Founder of
CharmerCharts.com • Career: 30 years in the FX Market spent at the London Futures Exchange, in banks and as a traders coach. • Age: 54
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88