Junior Forex Trader jobs allow you to become an FX market maker and trade currencies on the foreign exchange market. As a junior FX trader, you ll be responsible for conducting market research on currency pairs, analyzing forex transactions, and executing trades at the direction of your clients. These positions often work for hedge funds or banks, but they can also be self-employed. Some traders use math and charts while others rely on economic data and news.
While experience in financial markets is not a prerequisite, it is an advantage. Applicants must have an interest in working in the financial market and demonstrate strong analytical skills. You should be able to work under pressure and handle multiple priorities, as well as be well-versed in standard desktop tools and verbal communication. Applicants will be considered based on the skills they bring to the table, and will be paid an administration fee. If you re successful, you ll also receive free training from accredited training providers.
Foreign Exchange Trader salaries vary based on job location and experience, and can be as high as $75,000 per year. As a junior FX trader, your salary is typically lower than other FX trading positions. Your pay will be dependent on your experience, education, and skills. The best way to find the right career is to complete an online FX training program. Then, find an employer that offers a competitive training program for FX traders.