Article Contributed by Mika Hamilton
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Day Trading Checklist
Here's a bunch of important things you should know about day trading before you start. First off, can you daytrade if you don't have the requisite $25,000 plus? Yes. You can start Day Trading with as little as $750 if you decide to trade using a spreadbetting account rather than a standard broker, allowing you to ignore most day trading regulations about trading frequency. To day trade stocks...
Do Women Make Better Investors Than Men?
Being involved with a company that trains people how to actively trade in the stock market. I have seen thousands of both men and women start off down the road to prosperity through various types of investing. Approximately eighty percent of our clients are male. But I’d wager that eighty percent of the most successful investors, are women.
Based on this experience, I began to wonder why is it that women tend to be better investors than men. I thought about it over and over, and I could not ignore the facts. Women make more successful investors than men.
But why? I think it comes down to three simple words: EGO, EGO, EGO. The one thing that most men have in common is a macho ego.
Men tend to let their egos make their decisions for them. They hold when they should sell. They buy in for fear of missing out on that one big opportunity. The refuse to ask questions or to ask for help in fear of looking silly.
In other words, men are more interested in looking strong, knowledgeable or successful than they are in making money.
They invest not to get the best deal out of the market but invest so that they look good (or not look bad).
Women on the other hand, are much more likely to ask questions until they fully understand what they are learning, and they are usually more interested in the goal, (in this case making money) than they are in impressing the people around them.
Usually when people think of investing, they think of taking chances and risks. But the truth is that investing has much more to do with emotional intelligence than most people realize. Emotional intelligence is the ability to think objectively about a situation and not get too emotionally involved in it. Women, in general, possess a high emotional intelligence.
This quality makes women great investors. Rather than investing according to what will make them look good, women will invest according to a plan—not according to what mood they are in or whether they will be “right” or “wrong".
Investing is not about being right or wrong. It’s about making money. Women are able to put their egos aside in ways men have trouble doing. This ability to set their ego aside makes women great investors.
Need proof? Ask yourself this: if a man and a woman are lost on a trip, who is more likely to stop and ask for directions? Women are more likely to ask investment questions until they completely understand the concepts. Men, on the other hand, can be too afraid to ask the necessary questions because he may look bad doing so.
Women tend to come to investing with a mind to learn. And when they learn, they execute solid plans. Men can be heard saying they “know that a company is good”, whereas women can usually tell you why the company is good.
As more and more women turn to investing, I think we will see this trend of women outperforming men. A woman’s ability to put her ego aside already gives her the upper hand in investment strategy.
And because women on average still get paid less than men (a situation that needs to change--pronto!), women can use their inherent advantages to invest more and work less. So men can go out, work hard, and earn a lot of money, whereas women can invest more, work less, and earn a lot more money.
About the Author: Mika Hamilton is editor and founder of the Global Investment Institute. http://www.women.global-investment-institute.com An organisation setup to aid people in the pursuit of a better lifestyle through investing and wealth planning.
Source: www.isnare.com
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Electronic Currency Exchange - Its Time Is Now
The 21st century has introduced the world to a new way of doing business. It’s now a foregone conclusion that global commerce will be as revolutionized by it as Henry Ford’s mass-production techniques were a defining characteristic of the 1900s. The business is e-currency, which allows Internet-based purchase and sales transactions involving almost anything to be safely conducted at lightning...
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