In a Q&A with Lex, I started by asking what exactly is it that makes women better traders than men.
Lex van Dam: There has been research done into this and there is no difference between the analytical ability of male and female traders.
However, women tend to be more patient and trade less frequently than men. That’s why they end up paying much less commission to their broker – which makes a significant difference to performance. And that is why they are often better traders.
MZ: While women may have a natural flair for trading – still though, gender bias is prevalent in the industry. What advice would you give to women wanting to succeed by overcoming that bias?
Lex van Dam: We do know that women tend to be statistically better traders than men. They just need to be true to themselves and not let themselves be bullied. Male traders like to joke around and provoke other men and women alike. Successful traders know when to ignore a bad joke and when to stand their ground.