For many people, the idea of trading in international currencies conjures up images of rich kids jet-setting around the world, making millions of dollars, sipping champagne and driving expensive sports cars. Although this is an accurate description of some traders, you may be surprised that many more are just ordinary people who live in the suburbs and make a good living.
Myths About Currency Trading
There are many misconceptions about what it takes to become a currency trader. First of all, you do not need a degree in economics or finance to become a currency trader. In fact, you do not need a degree at all (although it certainly does not hurt).
Another common myth is that you must live in New York or London and trade on a major stock exchanges. In fact, the largest currency trading center is in Chicago. Currency traders are normal individuals living in cities around the United States and go to work in a regular office. However, you can also become a currency trader from wherever you are.
There are two ways in which you can trade currencies. To begin, there are currencies that are traded on the stock exchange. To trade in these currencies, you require a license to trade. Then, there is a FOREX (Foreign Exchange) trade, which does not require a license. Get a job in either of the two is similar, except for acquiring a license to trade traded in exchange currency, if that is your chosen career.
How to Get Hired to Trade Currencies
i) Understand the Currencies
Familiarize yourself with any major currency you would like to trade. The most popular traded currencies are the US dollar, the euro, the Japanese yen, the Canadian dollar, the Australian dollar. You can also find out about other foreign currencies traded in the market. Most of these information can be found by reading forex articles on the Internet.
ii) Find Companies that are Hiring
The next step is to find companies that are hiring traders. These include companies consolidated brokerage boutique currencies, forex companies and hedge funds. Many of the companies are willing to take on trainees and teach them the business. Search your local newspaper and resources at work and research on the Internet for companies that hire.
iii) Pass the Series 3 Exam
You should also pass the Series 3 exam. If the career you prefer involves publicly traded currencies trading, you need a Series 3 license . The Series 3 test has 120 questions and takes two and a half hours. Currency trading is actually a small part of the test. If you pass the Series 3 test, you can be allowed to trade some commodity futures and options.
iv) Training Programs
Participate in the training program offered by the employer you want to work with. You will not trade much when in training. In fact, you will probably make less than the minimum wage, if you break the training down on an hourly basis. However, hang in there. There will be a lot of money to be made later, if you know what you’re doing.
v) Make Money
Start trading for profit. The more money you make for your business and your customers, the more money you will earn!
The above is an overview of how you can get started with currency trading.
Updated June 2016
Online education are touching new benchmarks and unprecedented heights. Right now, in respect to some professional degree programs, online education has outwitted traditional campus based education.
The global economic slowdown has largely changed the mindset of career aspirants of various professional. Today, students think of obtaining more than one degrees related to their academic discipline to be competitive in the job market. Moreover, professionals of different fields are improving their careers potential by obtaining additional degrees.
Online universities are a viable alternative for many students as well as professionals with more than one academic or professional engagement. Most accredited online universities offer degree or diplomas in many professional disciplines. Below is a brief introduction to the top 10 online universities in the country.
1) University of Phoenix
This university has the largest online educational network in north America. Apart from the online network, the university has a lot of modern campuses across the country. It offers educational degree, diploma and certification programs which cover almost all the educational disciplines. In any list of top 5 online universities, this university is a automatic choice.
2) Walden University
This online university is well known for its great expanse of its educational offerings in almost every professional and academic disciplines. The reputation of this university is well spread in many quarters of business and government employers.
3) DeVry University
The academic excellence of this university is well known around the country. The university offers a great range of career focused education covering almost all the professional disciplines. Popular disciplines include healthcare, business, education, psychology, social studies, technology, natural sciences, applied science etc.
4) Kaplan University
This university would dominantly feature in any list of top 10 online universities, especially in health care and related disciplines. This university is famous for its online technician programs in health care, like pharmacy, dentistry, physician assistant, nursing and many more.
5) American Intercontinental University
This online university has built a huge reputation in study of some disciplines, which make it rank among the top 10 online universities of the country. The specific schools of online education that the university offers are:
- School of Business
- School of Criminal Justice
- School of Design
- School of Education
- School of Information Technology.
6) Ashford University
This university is well known for its professional and career oriented degree curriculums rather than academic studies. This university is a great destination for the aspirants of online master degree programs in various careers. Some of the programs offered include:
- Master of Arts in Education – Online
- Master of Arts in Health Care Administration – Online
- Master of Arts in Organizational Management – Online
- Master of Arts in Teaching and Learning with Technology – Online
- Master of Business Administration – Online
- Master of Public Administration – Online
7) John Hopkins University Online
This university offers degree programs in the traditional classroom setting. However, in recent years, some of its degree programs have started to be offered online. The university is popular in science, environmental studies and technology. The online degree program’s offered by this university include:
- Computer Science
- Environmental Planning and Management
- Environmental Engineering and Science
- Systems Engineering.
8 ) Boston University Online
In the traditional university rankings, Boston University would always feature among the top 5 universities in the country. However, we feature it at no. 7 because it’s comparatively new in the online space. The great tradition of its educational excellence is present in its online university.
9) Colorado Technical University Online
This university has no comparison in online technical and applied technology education. It’s Master degree program in Business and IT is among the best in the country. The degree can be completed in a record time of just 15 months.
10) Florida Tech University Online
This is a 100% online university specialized in technical as well as applied science and technology disciplines. The university has been ranked many a times as one of the top 5 online universities in the country by the U.S. news.
The above list of top 10 online universities in the country excludes many a great universities which offer a wide array of quality educational programs in many disciplines.
Most people feel nervous before an interview. The trick to being calm is to be prepared. However, you should also know that whether an interview goes well or not depends not only on you. Many inexperienced recruits do not master the art of asking pertinent questions. When going for an interview, it is important to make sure you control the interview. You should be able to get out what you want to convey. Moreover, it’s good to know what to expect before you step into the interview room.
There are some questions that are always asked. Therefore, you should prepare yourself for these questions and have a strategic way to answer them. By demonstrating self-awareness and engagement during the interview, you will significantly increase your chances of getting the job.
Questions Normally Asked in an Interview
Below are some common questions you should expect to be asked in an interview”:
- How would you describe yourself?
- Why are you applying for this work?
- Why did you choose this career?
- Where did you learn your skills?
- Why would you quit your old job?
- What are your strengths and weaknesses?
- How would the boss / colleagues describe you?
- Why should we choose you?
- What would you be doing in five years?
The issues mentioned above are not particularly sensitive or complex. However, it can be quite difficult to answer them if you are not well prepared. Below are some tougher questions you should be prepared for, just in case they are asked:
- How was your childhood?
- What values do you stand for?
- How does your situation look like?
- Are you planning to have children?
- How is your health?
- Why do you have a gap in your CV?
- Why did you leave after such a short time on the job?
- Shall we order a background check on your criminal record?
- Are not you a little young / old for this service?
- What salary do you expectt?
Can an employer ask any question? And how will you address them to increase your own chances and still feel that you can be your answer? What questions can you ask the interviewer without the risk of making mistakes?
Stay tuned for more career advice on this blog.