Answers
I'm in Toronto and I'd be interested in finding a school for a traders license in foreign exchange.
Any ideas? Maybe even correspondence.
More info please
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The job of a Foreign Exchange Trader is 90% male and 10% female..I was just wondering if anyone knew if it was harder for a female to land this position and what skills/schooling would be helpful in trying to have this job.
It is a male orientated envirmonment, but there are plenty of female traders out there too - a decent company would give you the job if they think you'll be profitable for them. Basically good maths skills are helpful, and of course sales experience also. I would generally employ people from a sales background rather than finance. you can teach someone the basics of the Forex market very easily, but good sales is generally a skill you either have or you dont.
I think I have a talent for it as I have been trading with substantial returns by myself but with limited capital. How do I find a company that can appreciate my skills?
I worked in international finance for over 20 years. The stress level is quite high. If you're serious about becoming a trader then I would suggest you look for work in the banking field.
No bank will put you on a trading desk right away, first you will have to spend time learning the workings of a bank and eventually move up into foreign exchange then international banking and finally trading.
It's high pressure work but it can be a lot of fun and you will make a lot of contacts worldwide.
Who knows where you'll end up.
I might also mention that it would help greatly if you moved to a large city as there is little international banking business in the average small town.
Go for it.
Your bank.
I can see how shares and bonds help to raise investment money the market in foreign exchange seems to leave whole economies open to plunder so surely there must be a benefit?
Free foreign exchange means that the value of assets will mark to market no matter what currency you use. You would not want to invest in a country where it was difficult to freely excusing the currency -- e.g. the Ruble back in Soviet days.
Daily Foreign Exchange Market Summary 22/10/2009
The US dollar rose against a basket of currencies, rebounding somewhat from 14-month low against the euro, as disappointing corporate earnings from eBay Inc on Wednesday and today's below-forecast results from Ericsson dented demand for higher yielding currencies and assets. Disappointing corporate earnings, along with an increase in US initial jobless claims to 531,000, cooled some of the recent optimism about a global recovery. The index of US leading economic indicators also rose in September for a sixth straight month, indicating the economy is likely to expand into early 2010. In other news, Chinese data that showed the economy rose 8.9 percent in the third quarter, which fell short of some of the more optimistic predictions, prompted speculation China will withdraw fiscal and monetary stimulus. The news caused investors to take profits on recent gains in the euro and other currencies, which have rallied against the greenback on the view that US interest rates will stay at record lows well into 2010, leaving Asia to lead economic recovery.
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Forex (Foreign Exchange) - Use A Seldom Sell To Modify Lots Of Scratch
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...News
Fidelity Pumps Up Foreign TradingWall Street Journal - Oct 22, 2009
"We're seeing a significant shift toward this type of opportunistic investing—taking advantage of a falling dollar and a foreign-exchange play and a greater Fidelity makes big international push and Pershing will introduce better Fidelity Launches Online Global Trading PlatformFidelity Opens World With Trading Platformall 25 news articles »Hindu Business Line - Oct 25, 2009
Bond yields surge on rise in oil prices, hopes of rbi's credit pushThere were no interventions in the foreign exchange markets, although the rupee appreciated by about 7.5 per cent from the beginning of this financial year. and more »
Boston Globe - Oct 21, 2009
ReutersCalifornia's attorney general yesterday sued State Street Corp., alleging that some of the Boston financial giant's foreign-exchange traders State Street Bank Accused of Fraud by CaliforniaCalif. sues State Street Bank and Trust, seeks $200M damagesCalifornia Attorney General Edmund Brown Files Suit Against State Street Bank - -all 411 news articles »
International Business Times - Oct 22, 2009
MiamiHerald.comThe Canadian dollar fell versus the US dollar as traders lost their appetite for higher-risk currencies ahead of the Bank of Canada Monetary Policy Report Worries rise about dollar slide _ but what to do?EQUITY MARKET RALLY WIPES OUT DOLLAR'S GAINS VERSUS EURO AND BRITISH POUNDall 281 news articles »
Wall Street Journal - Oct 22, 2009
Telegraph.co.ukFurther profit-taking could push the currency down to $1.4950 later in the global day, said Osao Iizuka, head of foreign exchange trading at Sumitomo Trust Euro breaches $1.50 for first time in 14 monthsEuro Declines as Officials May Show Concern Over Currency's Recent GainsEuro hovers near $1.50 - -all 960 news articles »