Forex does not focus on trading markets or buy and sell currencies, but also Forex has prospect careers. It supports you to make your career in Forex. If you thoroughly understand how to buy and sell currencies, Forex markets can be more exciting and lucrative for trading.
Here are 3 good careers in Forex trading.
1. Forex Industry Regulator
The duty of the Forex industry regulator is to prevent fraud in the Forex industry and can hold multiple roles. Regulatory bodies hire many different types of professionals and have a presence in numerous countries. Forex industry regulator operates in both the public and private sectors.
In the public sector, there is CFTC or the Commodity Futures Trading Commission (CFTC). While the NFA or National Futures Association sets regulation standards and screen forex dealer members from the private sectors.
The CFTC hires attorneys, auditors, economists, futures trading specialists/investigators and management professionals. For those positions, it must have at least a bachelor’s degree in accounting, though a master’s and Certified Public Accountant (CPA) designation are preferred.
The NFA is similar to the CFTC and also oversees the broader futures and commodities markets, but NFA is a private-sector self-regulatory organization authorized by Congress.
Internationally, a regulator could work for any of the following agencies:
- Financial Services Authority (FSA) in the U.K
- Financial Services Authority (FSA) in Japan
- Securities and Futures Commission (SFC) in Hong Kong
- Australian Securities and Investments Commission (ASIC) in Australia
2. Forex Exchange Operations, Trade Audit Associate and Exchange Operations Manager
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, it must have at least a bachelor’ s degree in finance, accounting or business, analytical and problem-solving skills, altogether with an understanding of financial markets, especially forex.
An exchange operations manager has more experience and greater responsibilities than an exchange operations associate. These professionals execute, fund, settle and reconcile forex transactions.
3. Forex Software Developer
Software developers work for brokerages to create proprietary trading platforms that allow users to access currency pricing data, use charting and indicators to analyze potential trades and trade forex online.
Qualifications for this position include a bachelor’s in computer science, computer engineering or a similar degree; operating system knowledge such as UNIX, Linux and/or Solaris; knowledge of programming languages such as Javascript, Perl, SQL, Python, and/or Ruby.
Other positions in forex that require computer-driven experience include user experience designers, web developers, network and systems administrators, and support technicians.
