Female Traders Are Ripping Profits From the City
City Index, one of the top UK-based spread betting firms, has just published a report about female traders which states that in the last ten years there has been a substantial rise in women opening spread betting accounts.
With the rise of the financial crisis, women started managing their own finances and are increasingly looking at spread trading as the best way to do that. According to data from City Index, in 2011 fourteen more women have opened spread betting accounts than in 2001. The top 20 have made an impressive average annual profit of £271,225.
Spread betting is no longer dominated by the mid-aged City richest, nor even by man or top executives. Recent data published by ETX Capital shows that the younger are becoming increasingly attracted by the simplicity of spread betting. This time, City Index shows that spread betting also increased its popularity among women.
Who are these women?
It is interesting to note that although women on top executive positions are the most attracted by spread betting, there are many other with occupations that are not even related to finance or investment. That’s the case of City Index’s youngest trader, aged 19, sales assistant, who has accumulated £11,222 in trading profits. The range of occupations is large and there are many teachers, secretaries, and even housewives. The youngest woman has 19 and the oldest 94. The most successful to date lives in Windsor, is aged 51, and accumulated a profit of more than £1,200,000. In certain cases it seems that spread betting can be more than a complement to the base salary. That is the case of a contract teacher earning £32,000 annually that has profited over £158,000 through her City Index account.
The simplicity of spread betting makes it the top preference way to trade the markets in the UK and the rise of mobile platform makes it possible for any person with a day job to trade at any time and from any place. From 18 to 99, woman or man, anyone can trade through spread betting.