Learning to Trade Fx May Give You a Career Opportunity
Posted on January 29th, 2009 in Career Management | No Comments »
Foreign exchange (FX) professionals are still in demand in Asia. The sector is comparatively profitable and liquid, layoffs are limited, and small-scale hiring is still happening.
“I haven’t seen many redundancies at all in this area. It seems to be a safe haven compared to DCM and ECM,” says Pernille Storm, director of banking and financial services at recruiters Hudson.
There is still recruitment going on in operations and in the middle office to support front-office growth and to control risk. “While in the back office the need for specific product knowledge is not essential, it is needed for middle office roles where trades are booked and queried. A strong product understanding is key to executing the job without error,” adds Storm.
Banks generally want people with experience in complex products - not just vanilla FX - because their clients are seeking structures that can enable them to hedge exposures, limit risk and at the same time benefit from FX volatility.
London and New York are more advanced in terms of products, so professionals from those markets are still sought after by banks in Asia.
If you do not have a forex trading account and want to try out forex trading, you can open a forex trading account with only minimum capital of US$100, click here to open.
Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free. Alternatively you may get a job as a FX professional.
“Nothing happens by itself…it all will come your way, once you understand that you have to make it come your way, by your own exertions.” - Ben Stein
If you want to learn forex trading, you can go to my websites or send an email to me.
By: brend
About the Author:
“I haven’t seen many redundancies at all in this area. It seems to be a safe haven compared to DCM and ECM,” says Pernille Storm, director of banking and financial services at recruiters Hudson.
There is still recruitment going on in operations and in the middle office to support front-office growth and to control risk. “While in the back office the need for specific product knowledge is not essential, it is needed for middle office roles where trades are booked and queried. A strong product understanding is key to executing the job without error,” adds Storm.
Banks generally want people with experience in complex products - not just vanilla FX - because their clients are seeking structures that can enable them to hedge exposures, limit risk and at the same time benefit from FX volatility.
London and New York are more advanced in terms of products, so professionals from those markets are still sought after by banks in Asia.
If you do not have a forex trading account and want to try out forex trading, you can open a forex trading account with only minimum capital of US$100, click here to open.
Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free. Alternatively you may get a job as a FX professional.
“Nothing happens by itself…it all will come your way, once you understand that you have to make it come your way, by your own exertions.” - Ben Stein
If you want to learn forex trading, you can go to my websites or send an email to me.
By: brend
About the Author:
I had worked in various sectors in the banking industry: asset management (cash manager), bank treasury (commodity sales), hedge fund (forex trader) and financial news provider (market strategist).
To view my websites go to: http://www.forexandbinary.com/ & http://www.commoditiestradingpro.com/.
My email address is metal.commodity@gmail.com.