Forex Trader Jobs

Lizzie asks…
what career should I study to be a master trader in forex?
Is there a carrer in college that makes you a master in forex?
or is it better to take it as a second job?
are there another options to earn money without a job? which is the better way?
thanks…

James answers:
BA in Finance, Investment. Or any Finance related course.
Anyway, you can also master forex trading skill by your own. There are lot’s free resources out there. Sign up for a demo account. Trade until you able to consistently making profit. Then, put in some real money that you can afford to loss. You may loss it, treat it as tuition fee. Finally, hopefully you would have master the skill to win in the long run.

Mary asks…
What career should I study to be a trader in forex?
Is there a carrer in college that makes you a master in forex?
or is it better to take it as a second job?
are there another options to earn money without a job? which is the better way?
thanks…

James answers:
BA in Finance, Investment. Or any Finance related course.
Anyway, you can also master forex trading skill by your own. There are lot’s free resources out there. Sign up for a demo account. Trade until you able to consistently making profit. Then, put in some real money that you can afford to loss. You may loss it, treat it as tuition fee. Finally, hopefully you would have master the skill to win in the long run.

Michael asks…
what do u think about forex (trader forex online)?
hi,
i heard about forex online and it seems good job for me to trade..
i would like to know is this true to trader forex online or just spam or what ? and have u tried this ?
thx

James answers:
If your not familiar with trading forex I would make sure you educate yourself to the fullest extent of trading in this market as this id the most vicous market. I myself am not a forex trader but have researched it a little and checked out some trading platforms. The trading platforms didn’t really seem that sophisticated to me or advanced so I started to get the picture that with the spreads and leverages that the little guys would have a slim chance of making it in this market against the major worldwide banks and corporations
The email you received should just be trashed. Before you trade forex you should read the book called forex revolution by peter rosenstreich it talks about the blunt reality of this market and gives you info on how to educate yourself about this market and how to get started.
The best way to get involved in any market is to educate yourself. The stock market would definitely be a better start than forex. And again the best way to start in this market is to educate yourself through reading and research. I would suggest by learning about mutual funds and etfs you can go to zecco.com and they will give you a little education on etf’s
also it is not likely to wake up one day and decide you want to trade for a living it takes experience and educating yourself to become good enough to do trading as your job so if that email led you to beleive that this can be your new job soon it is a definite scam. By the way most managed forex funds had trouble competing in the market with skilled traders

Carol asks…
Can I use Forex trading as a full time job?
Anyone work as a Full Time Forex Trader? If yes, what is the benchmark to measure?

James answers:
To my, I measure it using the ROI of returned, if I can get ROI about 25% to 35% every monthly for 6 months, then I will feel comfortable of doing it. FYI, Im right now a full time Trader.

Maria asks…
Where can I go to look for a job as a trader?
Hello, I am wanting a career as a trader (FOREX, commodities, etc.) in the South Florida area. I am wondering where I can go to look for this career (besides the typical job bulletins)? Thanks

James answers:
How about if you prove yourself first.
Do you have $1,000 to invest?
Turn it into $50,000 and show this to Goldman sachs

Chris asks…
can you afford a lamborghini being a forex trader?
hi i am 16 gonna be 17 in may, i always had this dream or desire you can say of sports car, in my city there are very few sports card like 5-6, i do not belong to a rich family i belong to a middle class family and i never expect something from my parents like other people do. they never bought me anything i know i have to do something on my own:) today i was walking up the street and i saw a guy around 21 taking out an audi r8 v10 from the showroom and all the people and the girls(lol) where looking at it like shit, i am no good in studies infact this year i am gonna fail again in high school
, i don’t want a job i want to start my own buissness and become rich. i have 5k to start with forex trading. i know 90 percent of the people loose their money trading forex and yes i am aware that for being a sucessfull forex trader you have to have knowledge of atleast 2 years . i am gaining interest in this field and i would like to know that starting with 5k how much can you make( dont say you can loose all money i am aware of that) i just want to know how much can i make in a year if sucessful? your answers are appreciated please don’t be rude

James answers:
The first thing that people who will be wealthy in the future learn is budgeting. This means delayed gratification. That means that the skills that would put you into being a successful forex trader, discipline and delayed gratification do not meld well with your desire for a Lamborghini. Your lack of study focus and ability also means you lack discipline. Since you can’t master basic stuff at the high school level you will never master such nuance based issues as are present in the forex or stock market.
If you come from modest roots, you have to learn such skills if you ever hope to be wealthy. I know it is possible to go from noggin head idiot to successful millionaire, but it will take discipline. A skill you apparently lack and are unwilling to develop at this time .
Before you waste your seed corn on investments you might consider using a “simulated” portfolio on Yahoo finance where you can test your skills and measure your competence. The market will be choppy for the next 6 months…give it a try and see if you would have made money or lost your fortune.
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