A lipid is defined as "any of a class of organic compounds that are fatty acids or their derivatives and are insoluble in water but soluble in organic solvents. They include many natural oils, waxes, and steroids. read more
Testosterone is a steroid, or more specifically (to include its biological function), a steroid hormone. (Please refer to Testosterone - New World Encyclopedia.) So, yes, testosterone is a lipid. read more
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Testosterone and estrogen are derived from cholesterol which is a sterol lipid. Hence they are lipids. Like all lipids they are fatty chain molecules that are insoluble in water and soluble in non polar solvents. Steroids have a basic carbon structure with four fused rings. read more