Global Merces in the AFR – 31st July 2013

Australian Financial Review recently featured an article by Gayle Bryant interviewing Global Merces Group Director, Holly Grofski. Bryant, a former BRW journalist, is a Sydney-based freelance journalist who specialises in business and financial reporting. She writes for a wide range of publications, websites and newspapers including the Australian Financial Review, The Australian, The Sydney Morning Herald and has also edited many custom publications for major financial institutions such as Macquarie Group, Aon and Ernst & Young. The article focused on women in Foreign Exchange trading and if there was a new trend of women traders.

“From my experience, Forex is a domain for intensely focused people with little distraction. Women can be intense (laughs) however this intensity tends to be used to multitask and women definitely have multiple distractions once you add in a partner, children and life in general. It’s a scientific fact that men can narrowly focus on specific tasks for long periods of time without tiring, whereas women tend to divide their attention.” Holly Grofski comments. “That’s one reason to back up the encouragement of more women investment managers – perhaps women can offer a broader vision of the overall investment rather than focusing purely on risk management or financial reporting. It’s not a matter of quota numbers really as much as recognizing different  strengths and playing to them. Any company worth its salt should consider that for the sake of its clients. ”

In the article it is suggested that more women are starting to trade Forex in South-East Asia and Australia. Investment Trends research says there has been a 2 per cent increase in women forex ­traders between 2011 and 2012. Director Holly Grofski says people should be more than just cautious at seminars promoting Forex Trading, they should ask for real results and transparency. “Profitable foreign exchange trading requires an enormous amount of information processing even with algorithmic trading systems, which can date quite quickly. There is also the crucial element of experience – years of trading that provide an almost unconscious competence to a trader who has a created and crafted his system. It is access to these types of traders that investors should be looking for and results that can be proven.”

To access the article: Financial Review –
http://www.afr.com/p/women_excel_in_trading_places_q67A2MvabHeZ4hGg04m3sK
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