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Female traders earn more than men – IG study
CONTENT

  • Women are more likely to trade gold than bitcoin

  • Women have more successful deals in precious metals

  • Bitcoin hodlers aren’t millennials at all

International consortium of news organizations developing transparency standards.

The analytical company IG has released an annual report that assessed the activity of various groups of traders. It turned out that women traders, unlike men, more often choose gold and bitcoin.

Women make money on gold and bitcoin

Women traders earn ...

IG research shows that women are much more active in gold trading, while men choose oil and bitcoin. Meanwhile, according to statistics, women are more successful in trading gold (85% of successful transactions), oil (82% of successful transactions) and bitcoin (76% of successful transactions). For men, profitability rates for these asset classes were 83%, 79% and 71%, respectively..

“In general, women showed better results than men: on average, the number of profitable transactions among the fair sex is 79% versus 77% for men,” the report says..

IG report data

Both sexes traded silver equally, with women doing 13.14% of successful deals versus 13.07% of men.

If we talk about the age of traders, then the most active were representatives of the generation X and millennials. These traders accounted for a quarter of the world’s bitcoin trade. Gen Z and baby boomers preferred to trade in gold and oil.

IG research data

Also, IG published the change in supply and demand for military-technical cooperation, as well as the dynamics of its price, since 2013. According to the data, the price of the main cryptocurrency in 7 years has grown by 2867%.

“This effect can be explained by the growth in demand for bitcoins over this period, which led to higher prices amid a decrease in the rate of production of new coins,” the study says..

Bitcoin hodlers are not millennials at all

Women traders earn ...

IG research proves that millennials and Gen X are the main Bitcoin traders. However, according to River Financial Inc, they are not the Bitcoin hodlers..

Cryptocurrency investment company River Financial Inc. announced that the number of long-term investors is doubling every month. And this is largely due to the activity of new “bitcoin boomers”, that is, people over 55 years old. Instead of traditional investments in real estate, precious metals or bank deposits, more and more older people choose to invest in cryptocurrencies, namely in bitcoin.

The company also explains that the boomers’ decision to invest in cryptocurrencies was largely influenced by the crisis caused by the coronavirus epidemic. Against the backdrop of falling stock and commodity markets, cryptocurrencies have shown incredible resilience and a quick recovery even after a serious crash.

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