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Originally Posted by marlalp
Hello,
I am a college student with a great interest in foreign exchange trading. I am very interested in learning what career opportunities exist in this area. Do most Forex traders work for a broker or firm, or are they more often self-employed, trading their own money?
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Most people in here are independent traders, trading their own money.
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Also, what is the ideal education to prepare oneself for a career in Forex? I am majoring in Finance and minoring in International Business & Trade. These are my passions. I work hard in my studies and maintain a 4.0/4.0 gpa. I will go as far in my education as it takes to help me be successful in this field. Are there any advanced degrees or programs designed for Forex traders?
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No, as an independent Forex trader what you need most is an entrepreneurial drive.. and by this I mean the definition of an entrepreneur is someone who will do ANYTHING to avoid a 'normal' 9-5 job
This is not to say that a basic college education is not important ... it is very important because it better equips you to function in life at all levels.
If you are looking for 'job security', pension plans, 401k's, benefits, etc .. then you will want to use your education to seek employment with one of the big banks, brokerage firms or other financial entities.
However if the thought of being completely independent, financially and otherwise, appeals to you, then even now, while you are continuing your education, you can open a mini or even a micro account with a few hundred dollars and start trading Forex. Apart from absorbing the information on babypips.com and in these forums, the only way to learn will be by doing it in real time.
And perhaps by the time you graduate you will have made enough money to pay off those college loans by writing a check...and maybe discovered a world of financial opportunity that most college grads can only dream about.
Good luck
