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What is a Forex Heat Map

What is the Forex Heat Map and How Can I Use it?

 

The most important research you have to do as a Forex trader is the analysis of the currency market. For this purpose, you're provided with a variety of tools and resources that can be used through the MetaTrader 4 platform. Admiral Markets provides another tool, called the Market Heat Map.

The Market Heat Map is a very important tool when it comes to analysing the market. It provides quick insight into exactly what is moving the Forex world, in real time.

Let’s examine exactly what the Market Heat Map is, and how it can help you.

 

What is the Market Heat Map?

 

The Market Heat Map is basically a type of “radar” to track price movements and daily trading intelligence. It shows you the largest movements in the markets on both the up and downsides. These movements are the “heat” on the map.

The Market Heat Map helps you stay in touch with long & short trading opportunities, Daily Trends, Volatility, and other key metrics, all in real time.

 

How do I use it?

 

You use the Market Heat Map by keeping track of the daily movers, to determine which trades will provide the most volatility. It shows you the top movers for today, the last 24 hours, yesterday, and last 48 hours. It provides info on both Forex and CFD markets.

The Market Heat Map also breaks the data down for you, by providing a list of all the instruments used and what they have measured in table format. You can therefore look at the highs and lows, the % change, as well as the range.

Trading is most impactful when you're working with volatility. This tool allows you to do so, without having to do masses of complex calculations.

 

Use volatility to your advantage

 

Generally, we like life to be stable. But when it comes to trading, it is the volatility that makes you your money. This is why it is so important you can track which currency pairings are the most vulnerable to change, and how they're doing right now.

The Market Heat Map allows you to use volatility to your advantage. It will help you make the most of your trades, and make expert, accurate predictions.

 

Jobs and Salaries in the Forex Industry

 Positions and Salaries in the Forex Industry 

Jobs & Slaries in the Forex SectorHere are some data regarding salaries in the Forex industry. The data involves exclusively Cyprus, a country hosting tens of Online Forex Brokers. The survey was made by GRS Global Recruitment Solutions and concerns minimum, average and maximum monthly salaries within the Forex industry in Cyprus. The research carried out by during 2011 and 2012.

(i) Main Forex Operations (Monthly Salaries)

POSITION

ENTRY-LEVEL

MIDDLE-LEVEL

HIGH-LEVEL

Financial Director / CFO

6,000

6,750

7,500

MT4 Developer

2,000

2,500

3,500

CTO (Chief Technology Officer)

4,000

5,000

6,000

Dealer

1,300 +Commission

1,800 +Commission

2,200 Base
+Commission

Senior Dealer
(Holder of a CySec Licence)

2,000 + bonus

3,000 Base + bonus

3,500 Base
+ bonus

Chief Dealer/ Treasury Manager
(Holder of a Licence)

3,000 Base
+Bonus

4,500 Base
+Bonus

6,000 Base
+Bonus

Technical Analyst

1,800

2,000

2,200

Back Office Assistant

1,000

1,600

2,000

Back Office Manager

2,200

2,500

3,000

Compliance/Risk/Legal

2,500

4,500

7,000

Accounts Assistant

1,000

1,300

1,500

Head of Accounts

2,000

2,500

3,000

Source: GRC Recruitment 

(ii) Other Forex Operations (Monthly Salaries) 

POSITION

ENTRY-LEVEL

MIDDLE-LEVEL

HIGH-LEVEL

Marketing Manager

2,500

3,000

4,000

Marketing Assistant

1,400

1,600

1,800

Receptionist

1,000

1,200

1,600

PA/Administrator

1,500

1,800

2,200

HR Manager

2,000

2,750

3,500

Product Manager

2,900

3,325

3,750

SEO

1,700

2,500

3,500

Web Designer / Programmer

1,500

2,800

4,000

Systems Administrator

1,600

1,800

2,000

Customer Support Service

1,000 Base
+Commission

1,500 Base
+Commission

2,000 Base
+Commission

Sales (Languages)

1,000 Base
+Commission

1,400 Base
+Commission

1,800 Base
+Commission

Sales Manager

2,500 Base
+Commission

3,500 Base
+Commission

5,000 Base
+Commission

Source: GRC Recruitment 

 

Jobs and Salaries in the Forex Industry

OnlineForex.biz

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