Why are Women Better at Spread Betting Than Men?

Oct 11, 2010, 07:04 ET from City Index

LONDON, October 11, 2010 /PRNewswire-FirstCall/ -- It is official: financial spread betting is a man's world no longer. Whilst women have been vastly under-represented in spread betting and CFD trading in the past, their numbers have been steadily increasing in recent years. What is more, though still outnumbered by about ten to one on the trading platform, the female spread bettors are actually outperforming their male counterparts according to analysis by spread betting providers including Finspreads and international research company Digital Look. So what exactly is it that makes women better at spread betting than men?

One reason cited is that women simply possess a more considered spread betting and CFD trading mindset than men. Sandy Jadeja, Chief Technical Analyst of spread betting provider City Index ( http://www.cityindex.co.uk), has noted that female spread bettors tend to be more thorough with their research and approach their spread betting and CFD trading platform with far greater caution than the male trading population.

This leads into another potential contributor in the form of the old gender stereotype that, whilst men will not stop and ask for directions, women are happy to ask for help. Sandy Jadeja has observed increasing numbers of women attending his spread betting and CFD trading seminars. From spread betting demo accounts ( http://www.cityindex.co.uk/learn-to-trade/demo-account.aspx) to CFD trading webinars (http://www.cityindex.co.uk/learn-to-trade/webinars.aspx), female spread bettors naturally collaborate and self-improve in a way that men can find challenging. Some experts have expressed a belief that it is this ability to accept when they are wrong and need to ask questions that gives women an edge over men in financial spread betting and CFD trading.

In contrast, research from within the industry suggests that men are more aggressive and try to bully the markets, sometimes opening spread betting and CFD trading positions on shares or commodities that they do not understand. They are much more likely than women to refuse to cut their spread betting losses because they don't like to admit to losing money. It may be because of this that women spread bet or trade CFDs less compulsively than their male counterparts, which in turn makes them less likely to develop an addiction.

Ultimately though, whether or not women really do naturally possess a better trading mentality than men, spread betting and CFD trading skills still have to be learnt and developed. With a range of free CFD trading and spread betting demo accounts, seminars and webinars available to all (http://www.cityindex.co.uk/learn-to-trade/), anyone prepared to put in the time, commitment and hard work required can maximise their spread betting and CFD trading potential.

Whatever your gender, improve your financial spread betting and CFD trading with City Index's free seminars. For a list of upcoming workshops, visit http://www.cityindex.co.uk/learn-to-trade/seminars.aspx.

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

SOURCE City Index