13 Jun, 2012
LONDON, June 12, 2012 /PRNewswire/ — Figures show that the average annual profit of the top 20 female traders with City Index is £271,225. Who are they and how do they do it?
Since 2001, the number of female traders opening accounts with City Index has risen by 1434%; with the number of trades being placed rising by 194% in the past four years alone.
A spokesman for City Index commented: “We are seeing a rise in women taking control of their personal finances and becoming more open to the opportunities retail trading provides.”
One of City Index’s most successful female traders, a 51-year-old living in Surrey in the UK, has profited just over £1,200,000 to date (May 2012).
A 19-year old Shop Assistant – their youngest active female trader – has made a total profit of £11,222 whilst a Contract Teacher earning £32,000 a year has profited over £158,000 with her account.
This data will prove surprising for many who believe that those females trading on the future price movements of popular markets such as the FTSE 100, would be based purely within senior executive positions.
The most popular occupations of City Index’s top female traders include housewives, teachers, secretaries and those working in administration.
Significantly, those also listed as self-employed are one of the top female traders taking positions through the City Index trading platform.
It could be suggested that due to the ability for City Index account holders to access the trading platform online and through a mobile trading app; female traders are able to fit trading around their work to suit their individual lifestyles.
Fiona Cincotta, working on the European sales trading desk at City Index since 2006, is regularly engaged on the markets with her clients.
Discussing the gender dynamic on the trading floor, Cincotta states: “There has been a change since 2006. Whilst on my immediate desk I am still surrounded by men; across the floor there are more female traders than ever before.”
In the past four years, data shows that the size of the trades being placed by female traders has halved.
What this implies is that female traders are making more trades, but with smaller amounts; offering a long-term strategy and a lower individual trading risk.
In the Netherlands, a study into the behaviour of male and female workers in the finance industry showed female financial professionals took a more ‘contextual’ approach to risk analysis.
City Index offers traders – both male and female – CFD trading, spot forex trading and financial spread betting accounts alongside a suite of educational tools, resources and guides.
Further support and education is offered through trading seminars, hosted by their leading market analysts.
One such analyst, Sandy Jadeja (Chief Technical Analyst) noted that, in particular, female spread bettors tend to be more thorough with their research, stating: “Just over 12 years ago, the attendees at our seminars were 100 per cent male. Now, that figure has dropped to about 70 per cent.”
Find out more about trading with City Index through a range of free trading articles, dedicated product areas and a ‘Learn to Trade’ section on the main site. More key data surrounding female traders is available through the infographic ‘Rise of the Female Trader‘.