Can I Get a Stock Trader License? Before you get too excited about the impressive income you can make as a foreign exchange trader, consider the lifestyle required of those forex trader salary uk vs us make their living trading currencies. The market opens at 5 a.
Monday morning, Australia time, and closes at 5 p. Friday evening, New York time, and every trading desk you are likely to work on has work shifts trading constantly. You are paid to live a life that consists of either trading or sleeping and little else. Compensation varies depending on your experience and the firm. Commodity and currency traders median wages, according to the U. Currency trading centers include New York, Hong Kong and London, with major trading firms located in other cities and significant futures trading taking place in Chicago.
On top of that, you ordinarily need at least a master’s in business administration or a Ph. The outlook, according to the Bureau of Labor Statistics, is for 15 percent growth between 2010 and 2020. 67,310 in 2016, according to the U. 41,040, meaning 75 percent earned more than this amount.
131,180, meaning 25 percent earn more. About the Author Victoria Duff specializes in entrepreneurial subjects, drawing on her experience as an acclaimed start-up facilitator, venture catalyst and investor relations manager. Since 1995 she has written many articles for e-zines and was a regular columnist for “Digital Coast Reporter” and “Developments Magazine. She holds a Bachelor of Arts in public administration from the University of California at Berkeley.