Teach English in Asia 
Cruise Ship Jobs 
Alaska Fishing Industry Jobs 
Sharing Economy / Gig Economy Forex Trading
Forex, short for the Global Foreign Exchange Market, is the largest single financial market in the world. JobMonkey includes a section on this topic because Forex trading can be done just about anywhere there’s an Internet connection. Many traders are able to earn extra money over and above what their ‘real job’ provides – working from home.
Also called the Currency Exchange, the FOREX is the financial field where currencies from different nations are exchanged for that of another (with the equivalent of over 4 trillion dollars changing hands daily, according to FXStreet).
The Forex is not a physical market like the AMEX (American Stock Exchange) or the NYMEX (New York Mercantile Exchange), but more of a global network of interconnected banks, investments firms, hedge funds, currency traders, and other financial and banking entities. Due to the nonexistence of a physical exchange, the FOREX market operates on a full 24-hour period, spanning from one time zone to another in all the major financial centers. There are three main economic zones that comprise the Forex market: Australasia (Australia and Asia), Europe, and North America. This structure enables participants in the Forex market to trade at any time of day.
After a shakeup in the structure of the Forex market in the early 1970s, many financial institutions such banks, hedge funds, and brokerage houses. This era also saw an increase of individual traders enter the Forex market. This led to a structure of power resting in the hands of the economy and not the government and national banks. Today, the factor that drives the Forex market is the economic law of supply and demand.
In the 1980s Forex activity reached roughly one billion dollars daily. Today, in large part due to the free-floating system (a system reliant on international trade and commerce) and the technological progress in the industry, the Forex market currently sees daily transactions exceeding 4 trillion dollars.
RECOMMENDED READING – The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments
by Jamaine Burrell
In the 21st century the Forex market has seen substantial growth. With international barriers broken down by technology, and international trade at the highest levels in history, currency exchange is becoming more and more important as an investment tool and as a means for monetary exchange.
If you’re interested in Forex trading jobs then you’ll want to know the major differences between the Forex market and the market which more people are familiar with, the stock market:
Time: With the global aspect of the Forex market expanding from Australia to England to New York, the Forex is a 24 hour trading center.
No Physical Exchange: Unlike the NYSE, AMEX, and the Chicago Mercantile Exchange, the Forex market has no physical exchange. Most transactions are made between two professionals over an electronic network or telephone.
Transactions: In the stock markets most of the trading is done through brokers, who serve as middlemen. In the Forex Market, there are no middlemen. Most transactions are conducted directly between broker and agent, or individual and broker.
Transaction Costs: Trading directly with a broker eliminates much of the transaction fees (commissions) that are found on the other stock markets.
Maybe you’ve read about or seen ads for Forex jobs. A lot of people have but they don’t exactly know what Forex is.
Read on to learn more about Forex markets and how trading currency works.