Best-Paying Jobs in Singapore (2008)

thanks man civil servant. i cannot wait to come back and serve.

can anyone tell me whats the difference between a Foreign exchange dealer and broker?

BROKER - fetches the prices for dealers/traders/customers. based in brokerages/clearing houses.

DEALERS - deals executors in banks/corporates/instituitions

TRADERS - takes risk for profit.

Thanks Adiemuso, how much does a forex dealer and trader make? what requirement is needed to become 1?

dealer starts from 2000. it depends on the name.

trader starts from zero. it depends on the name.

dealing/trading circle is small. high barriers to entry. no clear definition of requirements. but aptitude in figures, high threshold of stress levels and quick/fast thinking are basic definite attributes.

in current mkt conditions, its not easy for a freshie to get in. there are tons of experienced dealers/traders out there looking for a job as well.

where is ronaldo?

relaxing on his yacht.he will be back when the economy swings to the upturn in 2012

i wanna learn forex and get myself a job,a forex dealer. but donno where to start. anyone can guide some tips for me? thanks~

Hi blaez, blok.

Broker and dealer terms are used interchangeably most of the time. They are sales positions whose job is to bring in clients and commission to their company, by executing trades in financial markets (equities, commodities, forex etc) Min. requirement is a diploma though almost all new hires these days are uni grads.
To get a headstart, u shld register for and pass CMFAS modules 1,5,6 (7 is for futures products)
A business/accounting degree is not essential but it's an advantage. If u have high net worth or corporate/instituitional client contacts who are willing to trade through u, u will have a very significant advantage over other ppl.

Brokers/dealers are like property agents, financial planners. Their earnings fluctuate from time to time and differ for diff individuals. The bottom ones earn less than 2k/mth. The top ones can earn 20-100k/mth during gd times. Investment bank broker-dealers will earn more than that.

Hi blaez, blok.

Broker and dealer terms are used interchangeably most of the time. They are sales positions whose job is to bring in clients and commission to their company, by executing trades in financial markets (equities, commodities, forex etc) Min. requirement is a diploma though almost all new hires these days are uni grads.
To get a headstart, u shld register for and pass CMFAS modules 1,5,6 (7 is for futures products)
A business/accounting degree is not essential but it's an advantage. If u have high net worth or corporate/instituitional client contacts who are willing to trade through u, u will have a very significant advantage over other ppl.

Brokers/dealers are like property agents, financial planners. Their earnings fluctuate from time to time and differ for diff individuals. The bottom ones earn less than 2k/mth. The top ones can earn 20-100k/mth during gd times. Investment bank broker-dealers will earn more than that.