The Opportunity
What distinguishes highly successful people is their ability to capitalize on the right opportunity when it presents itself. By becoming an Currency Investors Group Certified Forex Trading Training, you can run your business, determine your compensation and redefine your future. We currently have opportunities for both experienced and non-experienced individuals across the country.
Looking for a financial services position that will open up new worlds for you - yet keep you close to home? Take a good look at this challenging and meaningful opportunity. As the first line of expertise and community as an extension of the company, you train individual investors to navigate the foreign currency market, use trading software and systems to manage risk and increase their chances for making successful trades.
Google or search terms surrounding “jobs in forex”. You’ll find that there aren’t any visible institutional positions out there in the marketplace. Google details and facts surrounding the size of the trading community and you’ll be pleasantly surprised at the size and scope of your potential market as a trainer and associated person of an Introducing Broker.
The following information details some of the opportunities in the marketplace.
According to the Bank for International Settlements, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world’s main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:
• $1.005 trillion in spot transactions
• $362 billion in outright forwards
• $1.714 trillion in foreign exchange swaps
• $129 billion estimated gaps in reporting
Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%. In addition to “traditional” turnover, $2.1 trillion was traded in derivatives. Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
New research from Greenwich Associates shows that the growth of e-forex last year far outpaced the expansion of foreign exchange trading as a whole. In fact, the 37% growth rate in electronic trading was almost triple that of the 13% year-over-year increase in total FX trading volume. As a result, the proportion of global foreign exchange trading volume executed through electronic systems jumped to 53% in 2008 from 44% in 2007.
Responsibilities include your own general office administration, client development, training classes, customer retention, and an emphasis on compliance. Learn More
