The Forex market is a great place to build a career. It is both exciting and lucrative, particularly when you know when to buy and sell currencies. The Forex market is open 24 hours each day for five working days, which translate to mean that jobs are readily available. Most of these jobs require knowledge and understanding of regulations guiding financial accounts and transactions.
Below are three major career areas in the Forex market;
- Forex Analyst:
A Forex market analyst works for Forex brokerage and is responsible for writing daily market commentary relating to the Forex market and the political and economic issues that influence currency values. The Forex market analyst must be able to research and come up with high-quality content and must keep up with the pace of the market.
- Forex Account Managers:
Perhaps you have been trading in Forex for a few years and have been successful so far, learning all the tricks of the trade. Then, you have what it takes to pursue a career as a professional Forex Account Manager. A professional Forex manager makes buy and sell decisions for hedge funds, mutual funds, banks, and central banks that deal in forex trading. This position is high stakes as Forex account managers will be responsible for a large amount of money. Their reputation will be based on how they handle the funds entrusted to them.
- Forex industry regulator:
In order to prevent fraud in the forex industry, regulatory bodies hire professionals to act as regulators. These regulators can be found in numerous countries and they operate in both public and the private sector.
Right from a tender age, Jordan Lindsey knew he was destined to be an entrepreneur He had the burning urge to create something that was going to change the world for good. Although he was born and grew up in New York, he relocated to San Francisco.
Jordan Lindsey is veteran algo trader and the founder of JCL capital. He has tremendous experience in the financial services and in the technology industry. He taught himself programming and he is a systems architecture designer.
He attended Mount Angel Seminary and Saint Joseph’s College. He has lived in several places, a few are Argentina, Bosnia-Herzegovina, and Mexico.
Largely due to the long bullish market run, investors have grown complacent, considering guaranteed investment growth as a given. However, nothing could be further from the truth. Stock market volatility is challenging enough for a seasoned portfolio manager at a Wall Street financial firm. When confronted with decision-making in highly-unpredictable markets, investors may find themselves staying outside of the market or taking uninformed risks.
Wise investors dedicate a portion of their portfolios to buy and hold, with the percentage of holdings determined by factors such as net worth, age, goals and personal preferences related to high risk exposure.
However, there are additional strategies that are designed specifically to profit in “choppy” market conditions. One such technique, the Lock and Walk system, has been used by investors to reap profits in prior markets affected by these types of price fluctuations. This strategy has beat the S&P by 36 percent since 2010. Though, it is always important for investors to remember that past performance is no guarantee of future success.
The Lock and Walk technique focuses on support and resistance levels of the NASDAQ 100 INDEXNASDAQ:NDX. Investors who follow the Lock and Walk technique trade the Proshares UltraShort QQQ QID and the ProShares Ultra QQQ QLD based upon the price’s movement relative to resistance and support levels.
The idea being simple. Purchase near support and sell at resistance. Stop limit out if support breaks. In a nutshell, if the support level is tested, target QLD to sell. If support breaks, sell QLD.When the resistance level is tested, target QID to sell. If resistance breaks, sell QID.This approach does not short sell. However, it does buy short occasionally, creating the potential for gains to the investor when market movement is downwards. Additionally, this is not a buy and hold strategy and should not be used as such.
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