A job as foriegn exchange trader

Quote from drasfs:

Out of curiousity i googled it and found these facts:

# of people in profession: 8,500
Average hours per week: 45
Average starting salary: $80,000
Average salary after 5 years: $500,000
Average salary after 10 to 15 years: $1,100,000

http://www.princetonreview.com/cte/profiles/facts.asp?careerID=70

This profession and working as an investment banker outperforms by far all other professions when it comes to salaries.

Working as an attorney after 10 years, will "only" give you 130 000 dollar. And working as a foriegn exchange trader will give you the highest salary throughout all professions in America according to the website, which is quite odd/funny, because I never imagined it would be such a high paid job.

This however got me a little bit more interested. Anyone here who knows anything about the profession? How hard it is to get a job like that, and maybe testify whether the facts are true, or a bit glorified. I just dont want to get a false/naive picture here....
More...
 
if you have a system for forex trading that is proven..then trading vanilla spot instead of exotic can yield those types of returns...

exotics are more mid term and long term

spots are more short term...

so in answer trading the spot fx for short term gains can hence will yield those types of returns....and there are hedge funds that are available..email me and ill provide additional information if you want.

cheers
 
That whole survey looks vague. Since when does Bonfire Vanities have to do with forex? The guy in the movie was a bond salesman. Also the nasd, amex and chicago stock exchange having nothing to do with currency trading.

Also to mention that there is a lot of medicroe not good pay fx market making postions working for bucket shops like oanda, fxcm, etc...
 
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