Most successful Female Forex traders in Africa (Reviewed 2024)✔️ (2024)

Africa is a great example of the increase in the popularity of Forex trading. The Continent itself is multinational and vibrant with the multilingual community and represents a multitude of the best places for women to have a successful trading career.Foreign currency or forex trading has traditionally been a male-dominated environment, but some female traders have conquered the markets – and overcame gender bias – regardl

Within the trading world, women are often surreptitiously steered towards sales focused positions, faced with casual or overt sexism, and consistently go undervalued despite the profits they generate, but in fact – According to statisticalevidence collected by Warwick Business School, women traders outperform men by 1.8%, despite trading less than them.

So, while women statistically trade less than men, why are they seemingly trading “better”, or rather “smarter”? Research has shown that women outperform men on a constant basis in this arena largely because of the following traits: being risk-averse, cautious, and considerate.

10 Best Successful Female Traders in Africa

✔️Nelisiwe Masango
✔️Danielle Lester and Paballo Nkwe
✔️Nobuhle Catherine Anajemba (Bosslady)
Reabetswe Shongwe
Tracy Britt Cool
Abigail Johnson
Jennifer Fan
Linda Raschke
Raghee Horner
Kathy Lien

Women thrive in Forex and according to a recent study, 48.1 percent of female traders describes themselves as trading at a professional level, higher than the 45.5 percent of men who said the same. Professional or private trading creates a consistent and viable source of income for thousands of women not only in Africa but across the globe, and these statistics highlight the difference between the pre-conceived notions of gender bias within trading, with women reporting high levels of skill.

A successful trader will know how to control their emotions, and remain calm in every situation, both when winning and when losing.

According to Time Magazine and research was conducted by behavioral economists Terrence Odean and Brad Barber showed that men tend to trade more on average in comparison with female traders and a recentstudyfrom early in 2018, found that 1 out of 7 online traders are female. Statistics such as these show that female traders are becoming more and more predominant. There are many female traders at the top of their game in the trading & investments world right now, so compiling a comprehensive list of the top 5 female traders in Africa is no easy task!

To be honest, Forex trading is very risky business everywhere, Africa included, and not many people will not necessarily end up amongst the best forex traders in world but while Forex trading is not a successful path for everyone, anyone can reach success in it. The stories of African traders that have seen great accomplishments in trading will assure traders of this.

Nelisiwe Masango

The story of Nelisiwe Masango is an inspiring one and while she was still at college, her dreams were to become a neurosurgeon, but soon she realized her true passion was finances and investments. When the time came to continue in her studies, she enrolled in entrepreneurial management followed by learning how to trade. Masango has since become one of the most successful female South African Forex traders.

Nelisiwe Masango has established three financial companies with the aim to market financial security and awareness amongst women of South Africa.

Danielle Lester and Paballo Nkwe

These two ladies are listed as one of the top 5 traders, mainly because they trade as a team. Danielle Lester and Paballo Nkwe are amongst the Best and most Successful female Forex traders in South Africa. This team’s main objective is to supply the younger generation in South Africa, start-ups and corporations with proper education about Forex trading and powerful platforms to trade profitably.

Danielle Lester and Paballo Nkwe established iSelect Wealth together in which they create platforms and models by making use of the most recent technologies and financial intelligence available. Danielle Lester and Paballo Nkwe also invest their time in visiting different universities to assist women to develop financial intelligence, study Forex trading and make profitable investments.

Nobuhle Catherine Anajemba (Bosslady)

At present Nobuhle Catherine Anajemba is Africa’s Richest Forex Woman with approximately R100 million net worth as of 2018. Through her online institutions train Nobuhle Catherine Anajemba and mentor people inForex, Binary Option and Crypto currencies. Additionally, WIF also has subsidiaries that provide signal subscription for those who are already trading but not profitably.

Reabetswe Shongwe

One of the most successful women in finance & entrepreneurship today is Botswana born and raisedReabetswe Shongwe, Reabetswe found success in the trading of currencies and entrepreneurship, her success unfolded when she decided to call a quit in one of the biggest retail giants and joined Women in Forex & Entrepreneurship a division under Trade4africa.org.

Reabetswe leads and represent W.I.F.E division as a living testimony, aborn leader, a woman of power and a royal Queen as witnessed through her hard work.

All in All – The growth inonline trading platformsare opening doors to gender equality and slowly wearing down the traditional male trader stereotype. Bearing all of this in mind, let’s take a look at the world’s most famous female traders who have paved the way for women in Africa and the industry as a whole.

The Most successful Traders World Wide include:

Tracy Britt Cool

Tracy initially started of her career by growing vegetables and flowers in her parent’s company. She studied at Harvard, and was employed at Berkshire Hathaway, where Warren Buffet is the CEO, and her potential was noticed.

Abigail Johnson

Abigail Johnson, the daughter of Edward C. Johnson III, Chairman of Fidelity Investments, became President and CEO of the company in February 2014. The company has a long history, with nearly $2.25 trillion of its assets under management, and $3.5 in assets under administration.

Jennifer Fan

Jennifer graduated from business school with degrees in finance, statistics, and operation research and was first employed at Morgan Stanley, and later became a partner and portfolio manager at Arrowhawk Capital Management. Jennifer has launched a $650 million hedge fund that she is skilfully running and is a hedge fund manager who specializes in finding relative value in energy and agriculture markets.

Linda Raschke

Linda Raschke began trading professionally from the early 1980s, and she worked at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange for a total of 6 years before working for herself as a day trader.

Linda Raschke is the president of LBRGroup Incorporated, as a commodity trading advisor, and with LBR Asset Management as a commodity pool operator, with both companies bearing her personal initials. Raschke also invests het time to lecture on trading for a number of prestigious organizations, including the Managed Futures Association and Bloomberg, whilst also authoring a book on high probability trading strategies, which has been largely publicised. Linda Raschke is a very experienced trader and a veteran in Wolfe Wave technical research.

One of Linda’s trading rulesis to have a strategy that allows you to react to market movements as they occur because you can’t foretell future movements. In Linda’s words “In the world of money, which is a world shaped by human behaviour, nobody has the foggiest notion of what will happen in the future. Mark that word – Nobody!”

Raghee Horner

Raghee Horner is a respected contributor to John Carter’s Simpler Trading with her focus set on Forex, Currency ETFs, and Futures. Her enthusiasm coupled with a combination of technical skills and analyses make her an excellent trader. Raghee Horner started trading in high school by drawing the charts by hand, and calculating all the indicators by herself. Now, Raghee is the creator of the famous 34 EMA wave method. A few applications of this method can be found in various studies atForex Factory.

“There is no “one way” in trading. I know what I know, I use what I use, and I trust what I trust.” – Raghee Horner.

Kathy Lien

After graduating from the New York University Stern School of Business, Kathy Lien began working at Wall Street and spent 13 years in the financial markets, mainly focusing on G20 currencies. She made her start at JPMorgan Chase, where she worked on the Interbank FX trading desk, making moves in the foreign exchange market, then later in the cross markets in the proprietary trading group, where she traded a bevy of instruments ranging from FX spot, options, interest rate derivatives, bonds, equities, and futures.

Kathy later joined FXCM, where she helped set up DailyFX.com, a globally known foreign exchange research portal and managed a team of analysts as a female pro trader and Chief Strategist, providing research and commentary on foreign exchange markets. In 2008, Kathy moved to Global Futures & Forex Ltd, providing research and analyses to clients, and managing a global foreign exchange analysis team as the Director of Currency Research. Kathy has also published an international best-selling book “Day Trading and Swing Trading in the Currency Market”, along with a second publication “The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”.

Lucy Baldwin

Lucy Baldwin managed to land herself on the highly-coveted the Forbes “30 Under 30 in Finance” list for two consecutive years and has assumed the sought-after title of Managing Director at both Goldman Sachs and Bank of America Merrill Lynch where she was in charge of trading European equities. Lucy Baldwin currently has a leading position at Credit Suisse where she is a leader in equity trading.

A trading tip from Lucyis to possess some emotional intelligence and a strong IQ. These two elements enhance a trader’s discipline – a vital quality for trading success.

Lauren Simmons

In 2017, at the age of 23, Lauren became the youngest and only current full-time female equity trader at the NYSE. She majored in genetics at Kennesaw State University but moved to New York City where she met the CEO of Rosenblatt Securities and started in her trading journey. Currently, Lauren is working on her first publication that’s centred on women and millennials in finance.

Lauren’s trading tipis to be financially savvy. Success in the markets requires making educated moves rather than leaving things to chance.

Muriel Siebert

Muriel Siebert owned and operated the only female-owned brokerage firm on the New York Stock Exchange and founded her own brokerage house in 1967, making her the first woman to own a seat on the New York Stock Exchange. She was an advocate for the rights of women, a philanthropist and strongly believed that a nation would be stronger if women, as well as men, held executive positions in government and industry because of their different viewpoints and talents.

Mary Callahan Erdoes

Mary Callahan Erdoes is the Chief Executive Officer of JP Morgan Asset & Wealth Management, and manages assets worth over $2.8 trillion. Mary worked her way up to her current role, which she has held for over ten years. According to her one key to success is a willingness to abandon investment strategies that aren’t working well. Her team is known for closing funds that aren’t performing well and opening new ones. In 2014, Forbes Magazine ranked Mary Callahan Erdoes as the 66th most powerful woman in the world.

Sallie Krawcheck

Sallie Krawcheck is the founder of Ellevest, an online financial advice platform for women. Having held a number of senior roles, including president of the Global Wealth and Investment Management division of Bank of America, she is well-placed to offer advice and help women achieve their financial and professional goals.

The Top Pro Female Traders to Follow on Social Media include:

Kristin Bentz

Kristin Bentz is a great figure in the world of trading and definitely worth a follow. With about 11,000 followers on social media, she can be found at Twitter @talentedBlonde, and is a former Wall Street trader that recently trades, chimes in and blogs on the newest market developments.

Mella

Mella is a pro female trader and can be found @Mella_TA on Twitter. Mella is one of the highlights when it comes to Twitter finance, offering traders killer charts, witty commentary and timely updates about the world of trading.

Abigail Doolittle

Abigail Doolittle can be followed on Twitter is Abigail Doolittle @The Chartress and as her social media handle implies, Doolittle excels in charts. Traders who follow Doolittle on Twitter, will receive the newest update on 10-year Treasury yields as well as other market developments. Doolittle’s feed also involves many inspirational quotes that can encourage traders when the market is bad.

Lydia Idem Finkley

Finkley can be find on Twitter at id @faithmight where she provides timely updates especially on fundamental forces in the market. Finkley is a well-known Forex commentator who concentrates on silver and currencies.

Cathy Curtis

Cathy Curtis is an RIA, CFP and financial advisor who can be found @cathycurtis where she offers great tips for young women investors who are looking to mount the ranks of conversationally male dominated industry and presence on social media has encouraged many women to begin investing.

Stephanie Link

Stephanie Link is a great follow for anyone who feels passionate about learning Forex and other financial markets, as she is a top source to gain recent news updates and analysis. She is a well-known financial commentator and covers everything from economic data to stocks. Her handle – @Stephanie_Link on Twitter for any important financial updates.

Kiana Danial

Kiana, @KianaDanial is the CEO of Invest Diva, an online platform teaching investment tactics for families plus the successfull author of three books including Invest Diva’s Guide to Making Money in Forex.

Read 10 Best Successful Forex Traders in South Africa – ( Reviewed ) 2024

In Conclusion

These women have shown that good trading is not strictly reserved for men and they are ushering in a new breed of female traders- in fact, a study about the state of the Retail Foreign Exchange Market done by Citi reports thatthe ladies that are involved in the trade are no longer only career women but also housewives who are developing a passion. The development of theonline trading industryhas opened its doors to gender diversity, giving females a lot of opportunities for the career and self-growth.

More and more women open the trading world for themselves and succeed in the markets. The best female traders hone their skills through repetitive practice and unfailing discipline. Traders should also perform honest self-analysis on a regular to see what drives their trades and learn how to keep their emotion out of the equation. These are the skills any forex trader should practice. Practice, knowledge, and discipline are key.

Frequently Asked Questions

Are women in Africa allowed to trade in Forex?

Yes, although being traditionally a male dominated environment woman in Africa has succeeded in overcoming the gender bias and conquering the market very successfully.

Who are the most successful female forex traders?

Here is a list of the most successful female forex traders in Africa

Are female traders more successful than their male counterparts?

The statistical evidence collected by the Warwick Business School shows that women outperform the men by 1.8% despite trading less than the men.

Why do women outperform men when it comes to forex trading?

Largely because of these traits: being cautious, considerate and being risk averse.

What are the myths surrounding Female forex traders?

1. That women are bad with numbers.
2. Women don’t have the time to do proper research.
3. They regard forex trading as dangerous.