WHAT ARE THE BEST FOREX TRADERS JOBS IN THE WORLD?
The Forex market is another form of the foreign exchange market. It is the process of exchanging a currency into other currency for several reasons, might be for trading, or tour. According to some recent reports from the Bank for International institutes, the turnover of the Forex market is currently at more than $5.1 trillion.
In the next section, we will see the basics of the Forex market including the elements of it. Therefore, you would know how overall activity in this market occurs and how you can make a benefit from the foreign exchange market.
There are many forex traders’ jobs in the world. If you can make profitable trades or have extensive knowledge about technical and fundamental analysis, you can consider trading as a job.
What is the Forex Market?
The forex market is the world’s biggest financial market, which is 3 to 4 times bigger than the New York Stock Exchange.
The main participants in the forex market are central banks, hedge funds, mutual funds, insurance companies, multinational companies, and retail forex brokers.
Retail traders have less involvement in the forex market compared to that institutional trader.
Therefore people think that the forex market has a less financial opportunity for individual traders, which is not correct.
The main aim of a trader is to identify and follow a trading strategy with a strong record of financial profitability.
Traders often find it difficult to make his trading strategy that is profitable and matches his personality. The next challenge is to implement the Forex trading strategy accurately.
Best Forex Traders Jobs in the World
The main aim of being a forex trader is to earn money and lead a life with financial freedom. You can make a lot of profit by being a trader.
However, besides being a trader, you can take forex trading as a job. In the following section, we will see the best Forex trader job available in the world.
#1 Technical & Fundamental Analyst
In Forex trading, you should know how to read the market using technical and fundamental analysis.
Technical analysis is a process to read the market movement based on the past price and geometrical shape and predict future change.
On the other hand, fundamental analysis is a process to evaluate a country’s economic releases and predict the strength and weakness of the currency of that particular nation.
Technical and fundamental analysis are integrated features of forex trading that most of the traders should know.
However, if you don’t know technical and fundamental analysis or you want to take an expert opinion regarding a specific currency pair, you should follow a platform that has professional traders’ views.
On the other hand, if you know technical and fundamental analysis well, you can take part in the trading portal as a technical and fundamental analyst.
There is a massive demand for the sector where most of the certified traders work as an analyst.
In the forex secret team, some certified analysts and traders collect opinions from junior traders and take the final trading decisions.
#2 Expert Advisor Builder
Another new source of non Forex people to get involved in forex trading is being the expert advisor builder.
What is the expert advisor?
An expert advisor is an automated trading system that takes trades based on an algorithm that is being said earlier.
It is a software that will integrate into the trading platform, and it will take trades automatically as soon as the conditions are met.
The builder of the expert advisor is usually a trader who analyses the market and makes the algorithm considering the market movement.
Then the trader transfers the algorithm to the expert advisor builder.
As an expert advisor builder, you can earn a lot of money for traders who need it. However, the more technological involvement in trading, the need for the expert advisor is increasing day by day.
This sector has a vast demand if you don’t have Forex trading knowledge, but you are an expert in MQL4 or MQL5 language.
#3 Affiliate Marketers
Affiliate marketers are the heart of a broker. There are many brokers in the world with vigorous regulation, but all of these have no value if there is no customer. Most of the forex brokers are online-based, and it is often difficult to get customers from the world.
Their purpose is to have their own marketing team. Forex brokers usually offer affiliate marketers to get clients for them.
How do affiliate marketers earn?
When you sign up in a trading account with a broker with the affiliated link, your account will be under the affiliate marketers, and he will earn profits from the broker’s share.
When you take a trade, a small percentage of profit is automatically deducted from the trading account known as a spread. The spread is the brokers charge from you to take the service from them.
As an affiliate is what is a middleman to make a connection with you and the broker, you will pay some charge every time from the brokers’ when you take the trade.
Overall, it is a continuous process if you can assign a customer with a broker. You will earn money as soon as the traders’ trades with the broker.
#4 Portfolio Managers
Portfolio managing is a process of earning profit from the forex market. If you know how to trade, you can offer other people to copy your trades.
As soon as they reproduce, you can charge them a percentage of their profit. In this way, if people can follow your trades without having the attention of trade or knowledge of the trade and can earn money.
Therefore it is logical to share a percentage of your profit to you.
As a portfolio manager, you should have a strong portfolio.
How to build a portfolio?
If you can trade with consistent growth and minimum drawdown, your trading history will be calculated automatically, and it will show how much gain you made in last months or last few months.
There are integrated features in the metatrader4 platform and my effects book that allow these services.
You can share your feet, feel your links, and attract investors to invest in you, and in this way, you can make money by taking a percentage of repeat that you make for them.
After the above discussion, we can say that forex trading is writing so finding money online. All of the Forex trading related jobs that we have mentioned in the above section are home-based.
As the platform is online, you don’t have to do physical offices if you don’t require it. You can make money from the forex market by doing a forex related job.