Forex Trader Jobs Salary

Forex trader jobs salary

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The average salary for a Foreign-Exchange Trader is $80,293.

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Forex trader jobs salary

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Foreign-exchange traders are responsible for conducting financial trading in foreign currencies across the globe on behalf of their company. These professionals use their expertise to buy and sell certain currencies and stock options at specific time intervals. Some of their main responsibilities include keeping up to date on currency exchange rates, market volatility, and recent events that can change the value of different currencies in different countries.

Forex trader jobs salary

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Foreign-Exchange Trader Tasks

  • Analyze currency markets and reports.
  • Manage accounts, and meticulously track losses and profits.
  • Buy, sell and exchange foreign currencies to exploit fluctuations in markets and increase profitability.

Skills in Financial Analysis are correlated to pay that is above average.

Skills that pay less than market rate include Technical Analysis, Market Analysis, Foreign Currency Transactions and Bloomberg Terminal.

An entry-level Foreign-Exchange Trader with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $57,808 based on 8 salaries.

Forex trader jobs salary

An early career Foreign-Exchange Trader with 1-4 years of experience earns an average total compensation of $60,909 based on 36 salaries. A mid-career Foreign-Exchange Trader with 5-9 years of experience earns an average total compensation of $100,244 based on 14 salaries. An experienced Foreign-Exchange Trader with 10-19 years of experience earns an average total compensation of $109,927 based on 13 salaries. In their late career (20 years and higher), employees earn an average total compensation of $120,079.

Employees with Foreign-Exchange Trader in their job title in New York, New York earn an average of 24.5% more than the national average.

Forex trader jobs salary

These job titles also find higher than average salaries in San Francisco, California (24.5% more) and Boston, Massachusetts (20.8% more). The lowest salaries can be found in Houston, Texas (37.7% less), Chicago, Illinois (19.0% less) and Dallas, Texas (17.8% less).

This data is based on 81 survey responses.

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Forex trader jobs salary