FX WOMEN IN FOREX
to focus myself on the markets during times where I’ve felt it was the best and highest likelihood for price movement.
The Autochartist power stats
tool allows me to analyze the last six, three or one month of price action and determine the volatility and when it will increase and decrease. I have learned that my primetime trading hours are from 8 a.m. to noon Eastern Time and I can walk away from the market between noon and 6 p.m. Eastern Time. Essentially that turns into winding down my morning trading session when London closes and if I choose to trade Asia I ’ll begin when Sydney and Tokyo overlap.
For me the quality
of life comes from the understanding of when I should and should not be at my desk when it’s going to be what I cal l a doldrum time.
MG: Trading is a lonely
profession... How do you feel about this lack of human contact during the day ?
RH: I like that I don’t really
communicate that much with other traders during the day but I
think being human we need friendship and that feeling that
64 FX TRADER MAGAZINE July - September 2011
public makes you walk your talk because you put yourself out there in many ways for other people to learn from and to judge. It can be hard on the ego to have your ideas and your trades held for public scrutiny. It’s not for the thin- skinned but then again neither is trading . Students push me to be
better and I want to be better for them - so I push them to learn they push me to teach more clearly, to have effective
we’re not alone especially after a bad day. That’s where for me teaching fills that emotional gap: it wasn’t that I needed necessarily more thing s to do in the day but I felt like I needed to talk to other like-minded traders about this career that I loved. The communication is something we desire as long as we can turn it on and off.
MG: You’ve said that the
teaching is a “win-win” relationship. Why ?
RH: It’s a simple answer really: teaching and being
strategies... so in that whole process we make each other better.
students,
MG: Af ter teaching so many have
you noticed
difference in how men and women trade and analyze the Forex Market ?
RH: The first difference I
Men tend to be Cowboys and want to blaze their own trails
see between men and women in any environment (not only trading), and I will say a stereotype, but men tend to be Cowboys and want to blaze their own trails. Women, if they trust the source or the teacher, they will follow direction much better than men. I think this is hardwired into men and women. Men are the explorers, right? And women are perceived as homemakers. While
this is no longer the case in this day and age, there is a cer tain routine discipl ine that is required to be a homemaker and that lends itself very well to being a trader. I will agree however that
men tend to have higher risk aversion so their winners will be bigger as well as their losers. I myself find I am more gun shy than trigger happy. I ’ve never really thought of
myself as a “women trader ”. I think I happen to be a woman
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