Meet the women trading on the stock marketfrom the sofa




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Meet the women trading on the stock marketfrom the sofaMeet the women trading on the stock market. from the sofa

By Abigail Butcher 00:40 05 Dec 2011, updated 00:40 05 Dec 2011

Financial independence: More women are dabbling in the stock market from home (posed by model)

There’s a new generation of swingers in town: women, often with children, who are taking control of their lives.

But it’s not the throw-your-car-keys-in-the-pot type of swinging, but swing trading on the stock market.

Forget visions of women strolling into the Stock Exchange, screaming to be heard above the din of traders.

Think coffee, cakes and making a buck between bathtime.

More and more women are dabbling in the market around their day job — or instead of it — to gain financial independence.

Stacey Cunliffe, a 26-year-old assistant accountant from Manchester, started out with a demo account that doesn’t use real money, but is just for practising.

On her first trade, she sunk a hypothetical ?34,000 into Starbucks and earned ?6,000 overnight. ‘I know it wasn’t real money, but even so, the feeling was amazing,’ she says.

Stacey took a part-time course, studying one-to-one for three hours a week over eight weeks with Tradenet Global UK.

Tradenet chief Will Burn says his intake of female students has risen by 20 per cent in the past year.

‘We’ve been approached by a group of mothers wanting us to run coffee/trading mornings for them, while another client was a music teacher who wanted to retire, but didn’t trust financial institutions with her pension so wanted to learn how to invest it herself,’ he says.

You win some, you lose some: Learn the trade to avoid getting burnt (posed by models)

The reality is that men and women are trading to combat an insecure job market. Sheena, a locum GP from Kent, is on a course with the Online Trading Academy in St Albans, Herts, learning to trade while she looks for a full-time job.

‘I have put a lot of money and work into my profession — I studied for eight years — and traders can earn in a day what I still owe on medical student loans,’ she says.

But it’s not all plain sailing — trading the stock market is like learning a foreign language. And ask any trader how much you can earn and they won’t give a straight answer.

All talk in percentages and emphasise that, with the wins, come the losses. After all, playing the stock market is essentially gambling.

Even if you’ve taken a course, you can still get burnt, so you need to think about whether you can afford a worst-case scenario.