More than 68% of Mexican female traders invest in the financial market to generate additional income, explained OctaFX in its recent report.
Global broker OctaFX has just released a report entitled "New Investment Behavior: Mexican Traders" which is based on 105 female Mexican respondents currently operating in the financial markets. The study said that Mexico is an ideal condition for women to become traders.
The report shows that Mexican women are cautious and risk-averse investors, as 4 out of 10 market participants allocate only 10% of their income to investments. In addition, local traders read various sources of information before making financial decisions, in the form of financial reports or economic data (61%), social networks (51%), and information from friends, partners, or family (45%).
Faced with poor financial prospects, the majority of Mexican female traders began investing to generate additional income (68%) to exceed their retirement savings (48%).
According to the data collected by the MetaTrader-only broker, the pandemic accelerated the trend of increasing women's participation in financial markets. 35% of women started investing during the pandemic, while 1 in 4 women who already invested increased the amount allocated during the pandemic.
The OctaFX report also emphasizes that the gender gap persists in Mexico. According to INEGI data, only 62% of Mexican women between the ages of 18 and 70 own at least one financial product, 12% less than men. In this regard, strategies such as knowledge transmission by acquaintances or relatives (40%) and independent learning through social networks (28%) have emerged as a form of introducing women to financial markets.
In terms of assets of interest, more than 60% of Mexican traders invest in cryptocurrencies and domestic stocks. In contrast, the assets with the greatest growth potential in the near term are international stocks, as more than half of the respondents intend to add these assets to their portfolios in the coming months.
OctaFX is an international forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC).