Forex Trader

5 Star Recruitment; Town of Texas (WI); Remote; USD 100,000 - 1,000,000; Full time

Job summary

A financial services firm in Wisconsin is seeking a skilled Foreign Exchange Trader. In this role, you will be responsible for executing trades and managing foreign exchange transactions. Ideal candidates will have a proven trading history and the ability to maintain specific drawdown limits. This position offers the potential to earn a percentage of profits, with successful traders possibly earning up to $1 million per year.

Qualifications

• Must maintain trading drawdown limits of 4/5% daily and 8/10% total.
• Demonstrate trading competency with 6 months of verified history or via demo trading.
• No use of high-risk strategies like martingale or grid trading.

Responsibilities

• Execute trades in the foreign exchange market.
• Monitor market trends and analyze economic data.
• Develop and implement trading strategies for profitability.
• Manage risk with stop-loss orders and risk management techniques.
• Stay updated on global economic events affecting currency markets.
• Collaborate with colleagues for insights on currency trading.
• Utilize Bloomberg for market analysis and trading.

Skills

Trade execution

Market analysis

Risk management

Trading strategy development

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