After you thoroughly understand how to buy and sell currencies forex markets, you might have found it exciting and lucrative. Some people might even want to make careers in forex markets.
If you are one of those people below are the possible 3 careers in forex markets.
1. Forex Market Analyst / Currency Strategist
People usually call a forex market analyst as a currency strategist. These people work for a forex brokerage and do research and analysis to create a daily market commentary about the current forex market situation. They sometimes also make commentary on the political issue that may affect the currency’s value.
These people use all types of analysis (technical, fundamental, and quantitative analysis) to create high-quality content. Besides, these people should also keep up with the pace of the forex market.
Later, traders will use that information to make an inform trading decision. Other than those, an analyst may also educational seminars and webinars. For these people to be a trusted source of information, they also need a media presence.
To be a forex analysist, someone should at least has a bachelor’s degree in economics and at least one year of experience in financial markets as traders.
2. Professional Trader / Forex Account Manager
If a trader has consistent success in trading, he or she may become a professional forex trader. Currency mutual funds and hedge funds dealing in forex trading need these people to make a buy and sell decision.
Other than those, a professional forex trader may also work for banks, multinational companies or central banks. Some professional traders may also manage individual accounts. That way, he or she makes trade decisions and execute trades in accordance with their clients’ risk tolerance and goals.
Yet, you need to know that this position is very risky. They are responsible for a huge amount of money. Their career and reputation rely so much on their ability to manage that fund.
3. Forex Exchange Operations/ Exchange Operation Manager
Fore brokerages offer positions as high-level customer service that require the knowledge in forex trading. This position can lead a trader to have more advanced forex jobs.
This position involves processing new accounts, verifying the customer’s identity, transfer, and deposit, as well as, providing customer services.
To get into this position, someone needs to, at least, own a bachelor’s degree in finance, accounting or business, analytical and problem-solving skills, together with an understanding of financial markets, especially forex.
