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Foreign Exchange

FX spot trader: Best job in the world?

I got sent a copy of a Reuters story this morning: "Jan 5 (Reuters) - Being a FX spot trader is the best job to have in 2010, while being a lumberjack, dairy farmer or taxi driver are the worst positions, according to a study released on Tuesday by, a job search site that analyzed 200 jobs in North America."

I was a bit surprised, because most people I know describe spot FX trading these days as a bit of a "yours". Spreads are non-existent, bonuses are small, clients are picky and the machines are rampant, so I thought I'd better investigate further. Of course, it's a spoof. Apparently, the best job in the world is being an actuary. Personally, I think it's more interesting to watch paint dry, but as an ex-spot trader, what do I know?

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