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The differences between hedge fund traders and forex traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a hedge fund trader has an average salary of $117,549, which is higher than the $115,092 average annual salary of a forex trader.
The top three skills for a hedge fund trader include hedge funds, macro and derivative. The most important skills for a forex trader are technical analysis, foreign exchange market, and technical indicators.
A Hedge Fund Trader specializes in developing investment strategies through market research and analysis. Although the extent of their duties depends on their company of employment, it typically includes managing and monitoring market portfolios, trading according to policies and regulations, reaching out to potential business partners through calls and correspondence, discussing terms, and keeping an eye on stock prices. A Hedge Fund Trader must maintain an active communication line with staff for an efficient and fruitful workflow.
Focusing on the foreign exchange market, a forex trader specializes in selling and buying foreign currencies. It is their responsibility to conduct extensive research and analysis before making decisions, identify profitable opportunities, monitor market conditions, and carry out transactions while maintaining records. They may work at hedge funds, banks, and even trade independently. There are also times when they must carry out trades upon a client's request, helping them understand the risks and extent of procedures.
Hedge fund traders and forex traders have different pay scales, as shown below.
| Hedge Fund Trader | Forex Trader | |
| Average salary | $117,549 | $115,092 |
| Salary range | Between $68,000 And $201,000 | Between $67,000 And $197,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a hedge fund trader and a forex trader in terms of educational background:
| Hedge Fund Trader | Forex Trader | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 61% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | - |
Here are the differences between hedge fund traders' and forex traders' demographics:
| Hedge Fund Trader | Forex Trader | |
| Average age | 43 | 43 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 91.5% Female, 8.5% |
| Race ratio | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.2% Asian, 12.2% White, 66.8% 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 Percentage | 6% | 6% |