Top 100 Jobs In Singapore 2010 | Salary.sg - Your Salary in Singapore
FX Dealer is the second highest in this list.
From what I read so far, FX Dealers are the market makers for FX. A bank (or company) may call the dealer and ask for a quote. If the quote is favourable, the bank will buy or sell a big amt of currencies from the dealer. If the dealer has a big sum on his hand, he may choose to hold or sell immediately depending on his view of the market, thereby making profits (or losses) because of his actions.
However my friend applied for an FX Dealer job, and all he did all day was to get clients (individuals) to sign up to set up forex trading accounts. He is fed up because this is just a sales job. Of course you need some basic FX knowledge to sell to clients but the above scenerio of making big profits from the market is not applicable to him. He is of course fed up because he thought he was going to do what I elaborated in the earlier para. To me, he seems like a broker than a dealer.
So is our perception of FX dealing wrong? Or have banks been trying to sugar coat the term broker and making it sound like you are a dealer?