Gagan Sodhi
Over the past few decades, women have made massive strides in financial independence. More women are starting their own businesses. More women are managing the fine balance of working and caring responsibilities.
Women are making their mark in industries typically dominated by men. One of those industries is trading. Women are challenging entrenched norms and reshaping industries historically dominated by men. These disruptors are changing the status quo and leading the way. I never thought I’d be a disrupter.
Originally from a traditional Indian household where the role of a woman is clearly defined, the move with my husband to Australia in 2006 sparked a shift, from the comforts of a home with servants to the unfamiliarity of handling household chores in a new country; it marked a profound cultural shock. Despite my family's roots in India, where norms suggested that as a woman, I need not work, my aspirations reached beyond the expected roles of studying, obtaining a degree, marrying, and raising a family.
Transitioning from a household with servants to personally tackling chores was a culture shock that defined our early days in the land down under.
Australia, with its stark differences from my Indian upbringing, became a challenge and opportunity. Without the familiar embrace of family, the cultural shock reverberated as we compared our lives in Australia to the comforts of our parents' homes in India. Paying money to the government, managing our household chores, and even washing dishes became bewildering tasks in this new reality.
The juxtaposition of studying alongside household duties created an overwhelming situation, prompting me to question my role and purpose. The initial carefree living in a rented house masked the reality that funds would eventually run out.
As financial constraints tightened their grip, I considered drastic measures, like pawning a cherished bracelet to make ends meet. The urgency of the situation hit home when the pawn shop owner warned me he would keep it if not retrieved by evening. Thankfully, I managed to gather the necessary funds in the nick of time. I knew I wanted to do something with the skills, education and opportunities that came from changing our lives. After many years of trading and learning all I could about trading, I was often the only woman in the room. I immersed myself in learning all I could, and kept seeing people make the same mistakes over and over, impacting their trading journey.
Driven by an insatiable thirst for knowledge, I invested nearly $50k in studying Forex and trading. Engaging in courses facilitated by notable figures such as Greg Seckor, Timothy Sykes, ICT, and Raja Banks, I witnessed firsthand the struggles of traders losing hard-earned money.
This experience, coupled with industry experts' calls for robust risk management tools, catalysed my decision to take action. I offer traders a haven to rewind time and practice live historical data, including news events. This project is a guardian angel for traders, providing a valuable risk management tool to minimise overtrading and excessive risk-taking.
The genesis of MT5 Trade Ready sprang from my personal struggles with overtrading and risk management in the trading arena. With a dearth of products addressing these concerns, I wanted to create a solution. What ensued was a rigorous six-month journey involving over 100 iterations to develop the initial version of the software.
At its core, MT5 Trade Ready serves as a risk management tool, designed to limit users to a specified number of trades per day, making it highly customizable. The software disrupts the prevalent culture of overtrading and financial loss in the industry. It's a safety mechanism, like red lights on roads, intended to mitigate risky behaviour.
By helping traders manage their risk, I also see the platform having positive ripple effects, extending beyond traders' finances to encompass family dynamics and well-being.
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