The average salary for a Foreign-Exchange Trader is $77,593.
Foreign-Exchange Trader by
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What Do Foreign-Exchange Traders Do?
Foreign-exchange traders are responsible for conducting financial trading in foreign currencies across the globe on behalf of their company. These professionals use their expertise to buy and sell certain currencies and stock options at specific time intervals.
Some of their main responsibilities include keeping up to date on currency exchange rates, market volatility, and recent events that can change the value of different currencies in different countries. They receive recommendations and s…Read more
Foreign-Exchange Trader Tasks
- Analyze currency markets and reports.
- Manage accounts, and meticulously track losses and profits.
- Buy, sell and exchange foreign currencies to exploit fluctuations in markets and increase profitability.
Job Satisfaction for Foreign-Exchange Trader
Explore the most common career paths for Foreign-Exchange Trader. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Bank Secrecy Act-Anti-Money Laundering (...
Business Insight and Analytics Manager
Somewhat common (8 - 20%)
Foreign-Exchange Trader Job Listings
What Are Popular Skills for Foreign-Exchange Traders?
Skills in Bloomberg Terminal, Market Analysis and Sales are correlated to pay that is above average. Skills that pay less than market rate include Technical Analysis and Foreign Currency Transactions.
What is the Pay by Experience Level for Foreign-Exchange Traders?
An entry-level Foreign-Exchange Trader with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $60,173 based on 7 salaries. An early career Foreign-Exchange Trader with 1-4 years of experience earns an average total compensation of $60,590 based on 34 salaries. A mid-career Foreign-Exchange Trader with 5-9 years of experience earns an average total compensation of $110,000 based on 13 salaries. An experienced Foreign-Exchange Trader with 10-19 years of experience earns an average total compensation of $112,444 based on 10 salaries. In their late career (20 years and higher), employees earn an average total compensation of $130,000.
Pay Difference by Location
Employees with Foreign-Exchange Trader in their job title in New York, New York earn an average of 41.8% more than the national average. These job titles also find higher than average salaries in San Francisco, California (41.8% more) and Boston, Massachusetts (25.0% more). The lowest salaries can be found in Houston, Texas (35.6% less), Chicago, Illinois (17.7% less) and Dallas, Texas (14.9% less).
Years of Experience
This data is based on 74 survey responses.