Forex trader salary depends on experience, company size, and location. Median annual salary is $82,500 with top earners at $153,000. Entry-level traders earn less than experienced traders with higher salaries. Independent traders use own money taking full risk and reward. Factors impacting independent forex trader salary include skills and market forces. Average US forex trader salary is $81,910 annually, ranging $32,500 to $125,000. Firm traders draw salaries plus performance bonuses. US average is $68,487 per year, ranging $50,000 to $170,000. Salaries vary globally by location and economies.
Average Salary of a Forex Day Trader
According to a survey conducted by the Online Trading Academy, the average day trader salary in 2023 is expected to be around $80,000 per year. This is slightly higher than the average salary of $75,000 in 2021. However, actual earnings can vary widely depending on experience, skills, market forces, and location.
If we look at the data provided by Indeed, Forex traders based in the United States can earn, on average, $98,000 and a commission of $25,000. The most notable salary recorded by Indeed at Citi Trader was $196,900. Another report by Payscale describes that, on average, equity traders have earned $95,800, which includes $14900 bonuses.
Professionals are paid in accordance with their education, experience, managed volumes, etc. The salary of Forex traders working alone depends on their skills and market forces. Independence is a double-edged sword: on the one hand, you retain all the profit. At the same time, there is nobody to share the risks with.
According to Glassdoor, the average salary for a Forex trader is $71,837 per year in the US and 25,000 in commissions. A novice Forex trader can make sustainable profits by trading currencies, even with a low starting capital. It just takes enough patience, learning, and practice to generate reasonable profits regularly and successfully.