Salary.sg Forums - View Single Post - Can anyone enlighten me on the term FX Dealer?
View Single Post
  #2 (permalink)  
Old 26-10-2011, 11:08 AM
paymemore paymemore is offline
Verified Member
 
Join Date: Aug 2011
Posts: 20
paymemore is on a distinguished road
Default

FX dealer IS a sales job. you find people to sell curriencies all the time. there's a difference between dealer and trader.

there are 2 kinds of FX dealers.. mainly on the bank side and the retail side. i believe your friend belongs to the retail side. these retail fx dealers will get a quote from the bank fx dealer, also known as market makers, to give to retail customers and thereby earning spread from the customer. of cos, part of the job includes sourcing for more clients, opening accounts, bending down to customer's requests like account statements.

take it as a stepping stone and then progress to a bank fx dealer. the responsiblities of a fx trader is much more, need to keep in view your outstanding positions and avoid margin calls especially huge sums are involved. usually these traders start by trading with their own money and then hired by banks.

Reply With Quote