Foreign Exchange is the world’s fastest moving financial instrument. It is more volatile than equities, bonds or commodities.
The underlying Foreign Exchange spot market moves first when any news or economic data comes out. This has a knock on effect as the derivatives market (derived from the underlying spot) then starts to react to the underlying spot.
If you are a market participant in Foreign Exchange, whether your a Spot Trader, a Derivatives Trader or a Sales Person, the brutal volatility of Forex burns your metabolism. It is punishing working from seven until five (the London Trading Day) every day.
Forex a short window of opportunity
Due to the enormous pressure, a career in Forex is a short one and you only have a short window of opportunity to make your money. It is not often you see forty five or fifty year old Forex Traders still active on the trading floors of large Investment Banks. They have either got off the floor into higher managerial positions, moved into slower paced areas within Banking or they have made their fortune and are doing something else.
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If you want to make money quickly a career in Forex may be for you but be prepared to take the rough with the smooth and be in for a roller coaster ride. Be prepared to work hard and if financial rewards do not come your way quickly do not hang around, move into an area where you can enjoy a longer career.