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Floor trader vs forex trader

The differences between floor traders and forex traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a forex trader has an average salary of $115,092, which is higher than the $102,024 average annual salary of a floor trader.

The top three skills for a floor trader include futures markets, CME and equity options. The most important skills for a forex trader are technical analysis, foreign exchange market, and technical indicators.

Floor trader vs forex trader overview

Floor TraderForex Trader
Yearly salary$102,024$115,092
Hourly rate$49.05$55.33
Growth rate10%10%
Number of jobs33,36917,582
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 61%
Average age4343
Years of experience--

Floor trader vs forex trader salary

Floor traders and forex traders have different pay scales, as shown below.

Floor TraderForex Trader
Average salary$102,024$115,092
Salary rangeBetween $59,000 And $174,000Between $67,000 And $197,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between floor trader and forex trader education

There are a few differences between a floor trader and a forex trader in terms of educational background:

Floor TraderForex Trader
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 61%
Most common majorFinanceFinance
Most common collegeUniversity of Pennsylvania-

Floor trader vs forex trader demographics

Here are the differences between floor traders' and forex traders' demographics:

Floor TraderForex Trader
Average age4343
Gender ratioMale, 94.8% Female, 5.2%Male, 91.5% Female, 8.5%
Race ratioBlack or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.2% White, 67.2% American Indian and Alaska Native, 0.2%Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between floor trader and forex trader duties and responsibilities

Floor trader example responsibilities.

  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Lead arbitrage trader with the highest return on investment.
  • Demonstrate outstanding performance and become recognized as one of the top producing firms on the NYSE.
  • Facilitate trades, generate commission dollars, and reduce risk for clients by reflecting liquidity on the NYSE to senior traders.
  • Automate the trade allocation and reconciliation procedures using VBA programming which is leveraged to systematically detect any trade breaks or discrepancies.
  • Integrate into an existing trading pit on the CBOE, illustrating success in new, challenging work environments.

Forex trader example responsibilities.

  • Communicate with brokers to ensure accurate allocations for futures, foreign exchange, and equities between separately manage accounts.
  • Execute institutional equity orders on both an agency and proprietary basis in strict accordance to FINRA regulations and establish company guidelines.
  • Execute institutional equity orders on both an agency and proprietary basis in strict accordance to FINRA regulations and establish company guidelines.

Floor trader vs forex trader skills

Common floor trader skills
  • Futures Markets, 31%
  • CME, 7%
  • Equity Options, 7%
  • NYSE, 6%
  • Futures Contracts, 6%
  • Manage Risk, 5%
Common forex trader skills
  • Technical Analysis, 25%
  • Foreign Exchange Market, 17%
  • Technical Indicators, 11%
  • Fundamental Analysis, 11%
  • Manage Risk, 9%
  • Market Trends, 5%