i have a couple questions about forex brokers?
intestinal mucous asked:
All a Forex Broker does, it execute the orders given by the clients.
Needs to pass securities course, makes money dependant of sales volume, no job is hard if you like it, no job is easy if you don’t. Fun doesn’t come into most jobs.
Brokers only buy and sell. There are few stand-alone brokers so you need to enter a big institution. These jobs lead to bigger ones so you need a competitive education and lots of determination. You will not get in front of any major house without either a masters or a connection.
Salary is big because the risk you are taking trading on behalf of a firm is large. Reliable too.
Job is demanding, challenging and if it is your thing, fun too.
Before you hook up with a firm as a FX broker you should check out this forum
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and read through the thread on ‘NFA Dead Forex Firms Walking’
It seems that the NFA is planning on imposing some financial requirements on FCM brokers that will either shake out or consolidate quite a few firms.
This is never easy.