Forex Trader

5 Star Recruitment; New York (NY); On-site; USD 150,000 - 350,000; Full time

Benefits offered by this job

Opportunity to earn 10%-50% of all profits

Quarterly budget increases based on success

Potential to earn up to $1 Million annually

Job summary

A leading financial services firm is looking for a skilled Foreign Exchange Trader to join their team in New York. In this role, you will manage trades and analyze market data to maximize profitability. Ideal candidates must have a minimum of 6 months of verified trading history and the ability to maintain disciplined trading practices. This position offers a trading account ranging from $10,000 to $100,000 and the potential to earn substantial yearly profits based on performance.

Qualifications

• Minimum 6 months of proven trading history required.
• Ability to maintain disciplined trading with low drawdowns.
• Experience with different trading strategies preferred.
• Willing to trade and adhere to strict drawdown limits (4/5% daily, 8/10% total).

Responsibilities

• Execute trades in the foreign exchange market.
• Monitor market trends to inform trading decisions.
• Develop and implement trading strategies for profitability.
• Manage risks using stop-loss orders.
• Stay updated on economic events affecting currency markets.
• Collaborate with colleagues for insights on trading opportunities.
• Utilize Bloomberg or similar platforms for market analysis and execution.

Skills

Risk management

Market analysis

Trading strategy development

Execution of trades

Market analysis

Tools

Bloomberg

Job description

Overview

We are seeking a skilled and experienced Foreign Exchange Trader to join our team. As a Foreign Exchange Trader, you will be responsible for executing trades and managing foreign exchange transactions. This is an exciting opportunity to work in the fast-paced world of financial services and contribute to our company's success.

Requirements

• Keep trading under 4/5% daily drawdown and 8/10% total drawdown
• Not use martingale, grid or any risky strategy.
• Will need to provide they are a good trader either by showing old verified trading history or will be required to trade on a demo account for 1-3 months before starting the role
• Must be able to show at least 6 months of trade history
• If you do not have trade history then you will need to prove your ability by trading on a demo account for 1-6 months.

Salary and Bonuses

Successful Candidates will be given a trading account of $10,000 - $100,000 and will have their budget increased every quarter based on their success. You will earn 10%-50% of all profits made. Some of our traders will earn $1 Million per year.

Responsibilities

• Execute trades in the foreign exchange market
• Monitor market trends and analyze economic data to inform trading decisions
• Develop and implement trading strategies to maximize profitability
• Manage risk by setting stop-loss orders and implementing risk management techniques
• Stay updated on global economic events and news that may impact currency markets
• Collaborate with colleagues and clients to provide insights and recommendations on currency trading opportunities
• Utilize Bloomberg or other relevant platforms for market analysis and trade execution