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The differences between senior energy 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 $114,420 average annual salary of a senior energy trader.
The top three skills for a senior energy trader include risk management, portfolio management and derivative. The most important skills for a forex trader are technical analysis, foreign exchange market, and technical indicators.
A senior energy trader's main goal is to build financial models so that their company can buy and sell energy shares. They must be extremely experienced in the trading of shares in the NYSE and/or NASDAQ securities. They establish their company in the market and square off deals to ensure profit.
They deal with equities, stocks, and mutual funds.
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.
Senior energy traders and forex traders have different pay scales, as shown below.
| Senior Energy Trader | Forex Trader | |
| Average salary | $114,420 | $115,092 |
| Salary range | Between $68,000 And $191,000 | Between $67,000 And $197,000 |
| Highest paying City | White Plains, NY | - |
| Highest paying state | New York | - |
| Best paying company | Citi | - |
| Best paying industry | Finance | - |
There are a few differences between a senior energy trader and a forex trader in terms of educational background:
| Senior Energy Trader | Forex Trader | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 61% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | - |
Here are the differences between senior energy traders' and forex traders' demographics:
| Senior Energy Trader | Forex Trader | |
| Average age | 43 | 43 |
| Gender ratio | Male, 87.2% Female, 12.8% | Male, 91.5% Female, 8.5% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% 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% |