I’m not a big fan of Twitter but occasionally I would check out what’s new in the tiny forex trading world on Twitter. With the never ending debate and accusation of forex brokers trading against their clients, I found an interesting tweet by Neil321 that referenced a FXCM job posting on linkedin. One of the main responsibilities of the Senior FX Trader position was to continuously track firm’s net positions against its client base:
“A Senior Foreign Exchange Trader position is available at Forex Capital Markets, LLC in New York. A successful candidate will become a market maker on 24-hour spot FX trading desk; will work directly with managing partners to continuously track firm’s net positions against its client base; will develop and implement superior trading strategies based on changing market conditions, firm needs, and client performance; will trade a new CFD product and hedge the relevant risk; will manage a team of 10 employees; will hire and train new traders; will head an overseas expansion project, FXCM India with a customer and employee base that is 60% Hindi speaking. Candidates should have BS degree in Business/Finance and minimum 2 years of experience in FX trading. Proficiency in Hindi language is required.”
It’s pretty much a known fact that forex brokers hedge their position against the traders to protect their own position, but this is just a proof that provide the final nail to the coffin of this debate.
Oh, btw, I’m surprised to see that many forex traders use Twitter to share their tips and knowledge to other traders, good stuff.
SIX FIGURES WITH FOREX.com
-More eBooks, trading guides, softwares and instructional DVDs than amazon.com!! *Same price, more selection!*
-the most effective, top rated FREE tutorial videos to get you started! (yes, totally seperate from what were selling)
-Streaming ForexTV -the official news channel of Forex and day trading!
-the latest forex news, updated by the hour!!
-live charts, an interactive currency converter and other strategic tools!
-FREE forex widgets for your site!!
-free link exchange with us, a great advertising strategy! and more!
We literally have EVERYTHING you need to get started.
Visit us, and be on your way to
“Six Figures With Forex”!
See you there,
-Joe F.