FSIFX Junior Currency Trader

Does anyone know anything about this company/position?
Thanks

Duties & Responsibilities:
Assessing real time market positions, market trends, and conditions that affect the global capital market to find profitable trading opportunities
Monitoring global news on macroeconomic and geopolitical events affecting the Forex market and forecasting relative currency strengths of major countries
Conducting extensive research on how Global Capital Markets perform through macroeconomic study and technical analysis

Qualifications:
Bachelor’s degree from prestigious universities;
Exception analytical skill with the ability to excel in a fast-paced environment;
Experience in the financial industry as a trader or researcher is a big plus.

Stages of Junior Currency Trader Program
1. During the first stage, Junior Currency Trader (JCT) will attend a series of lectures offered by senior traders at FSIFX. JCT will learn how to forecast relative currency strengths by analyzing global economic data and geopolitical events and by applying quantitative trading methods and advanced trading strategies. In addition, JCT will be trained to coordinate appropriate real-time asset building and hedging strategies in balancing risk and value
2. Those who successfully pass the first stage will join senior traders on the trading floor, trading demo accounts using virtual money. During this time, the Junior Currency Trader will test and modify their trading strategies under the supervision of senior traders.
3. Those who successfully pass the second stage will open a live trading account with their own capital to begin the evaluation. JCT are required to generate consistent performance, to be considered for the next stages of the program. Each JCT will retain 100% of the profits they earn.
4. Those who successfully pass the third stage become Fund Matching Traders. FSIFX will provide funds to match JCT account. During this time, selected JCT's will also join FSIFX research and development team, which consists of traders and programmers, to learn how to test and develop FSIFX Automated Trading Systems and Trading Signal Generators.
5. Those who successfully pass the fourth stage will be given an offer to work at FSIFX as a Senior Currency Trader.

 

I do not know about FSIFX, but I did have a job offer for a similar program from tradingacademy.com. Have you started? It seems that many trading firms recruit traders in this way these days. I am going to an interview tomorrow and I will give you update. Let me know about FSIFX if you ever work there.

 
Best Response

Its a scam run by EDWARD JUNG, who ran BNBC ,Forex Signs and now FSIFX....he obviously is not a profitable trader hence he runs these chop shop operations every time. He has a bag of cronies with him ... SEDO the milkcake and MUSHAI ..these guys just trade their own account, NO ONE is on a SALARY ... TRUST ME

Don't buy their hype, NONE of them have any long term trading records. They are complete nonsense, and let them blabber on about having offices in China , they might have a dingy operation there too , doing the same nonsense.

Stay away from their "Trader Trainee" program, its a total scam. They are essentially white labeling chop shop. They entice young people to trade, open accounts and force them to fail. FSI has no full time traders - all the scammers you see there - Musai - Sedho - Ivy and especially Edward are a bunch of liers and need to find a real full time jobs. None of them have any real experience in trading at banks or hedge funds. None of them know how to really trade in the FX markets. Ask for trading records if they blabber on about gains. And dont believe thier hype about having offices in overseas. Asian scammers can pull anything off.

http://www.investimonials.com/brokers/reviews-forex-signs-inc.aspx

current scam

Junior Currency Trader About the Job A leading investment advisory company is currently inviting novice and experienced traders to apply for Junior Currency Trader as part of our expansion program in New York.​

Duties & Responsibilities:

* Assessing real time market positions, market trends, and conditions that affect the global capital market to find profitable <span class="keyword_link"><a href="//www.wallstreetoasis.com/finance-dictionary/trading-overview">trading</a></span> opportunities
* Monitoring global news on macroeconomic and geopolitical events affecting the Forex market and forecasting relative currency strengths of major countries
* Conducting extensive research on how global capital markets perform through macroeconomic study and technical analysis
* Bachelor’s degree from prestigious universities;
* Exception analytical skill with the ability to excel in a fast-paced environment;
* Bilingual a plus (Japanese, Chinese, German, Russian, Korean, French);
* Experience in the financial industry as a trader or researcher is a big plus.​

Stages of Junior Currency Trader(JCT) Program

  1. During the first stage, Junior Currency Trader (JCT) will attend a series of lectures offered by senior traders.​ JCT will learn how to forecast relative currency strengths by analyzing global economic data and geopolitical events and by applying quantitative trading methods and advanced trading strategies.​ In addition, JCT will be trained to coordinate appropriate real-time asset building and hedging strategies in balancing risk and value.​
  2. Those who successfully pass the first stage will join senior traders on the trading floor, trading demo accounts using virtual money.​ During this time, the Junior Currency Trader will test and modify their trading strategies under the supervision of senior traders.​
  3. Those who successfully pass the second stage will open a live trading account with their own capital to begin the evaluation.​ JCT are required to generate consistent performance, to be considered for the next stages of the program.​ Each JCT will retain 100%​ of the profits they earn.​
  4. Those who successfully pass the third stage become Fund Matching Traders.​ The company will provide funds to match JCT account.​ During this time, selected JCT's will also join research and development team, which consists of traders and programmers, to learn how to test and develop Automated Trading Systems and Trading Signal Generators.​
  5. Those who successfully pass the fourth stage will be given an offer to work as a Senior Currency Trader.​

Related Keywords: Compliance Officer, Financial, Operations, Principal, Series, 24, 27, Trader, Trainee, FX, Forex, Currency, Fund, Portfolio, Money, Asset, Manager, Broker, Advisor, Research, Analyst, investment, Management, Wealth, Hedge, Dealer, Options, Day, Proprietary, Bond, Futures, Derivatives, Exchange, Credit, Merger, Bank, Private, Equity, Securities, Capital, Stock, Sales, Entry, Senior, Trading, Software, Program, FINRA, SEC, CFTC, NFA, Risk.​

previous scam at BNBC - where he ran the same operation.

PROPRIETARY TRADER TRAINEE This is a brief description of the Trader Trainee position and BNBC Training Session, which is divided into three parts for a little over three months.

The first part of the Training Session is Training Class, in which trader trainees will participate in classroom setting seminars learning how the FOREX market works as well as the general principles of fundamental and technical analysis. During this first section, which will last about a week, all trainees need to sign a non-disclosure and non-competition document, and open live account with their own capital. Moreover, each trainee is expected to understand, memorize, and apply all the information that is given everyday, or some trainees will be let go.

The second part of the Training Session is Practical Training, in which trainees will learn how to interpret global economic news and forecast market movements of each currency. During this period, which will last two to four weeks, trainees will use demo and live account to test the trading strategies, and learn trading discipline. This part of training will closely monitored by senior to improve trainees' trading skill. Once senior trader approves trading skill of a trainee, she/he will move to the last part of Training Session.

The last part of the Training Session is Evaluation, in which trainees will trade their live account to be a company trader for a little over two months. Throughout this period, all trainees will join a conference with senior traders everyday to update themselves with market analysis and movements. Once trainee starts her/his evaluation, each trade of trainees will be review and evaluated by the company. During this evaluation, each trainee is expected to make 1% monthly return. More detailed requirement will be discussed during the first week of training.

Once a trainee pass the evaluation successfully, the company will sponsor her/him for the Series 3 Exam to be our Licensed Company Trader - all fees for the exam will be paid by the BNBC, INC. If and/or when you become a Company Trader, you will close her/his personal account and concentrate only on the company accounts. The minimum yearly income for entry-level company trader for the first year will start from $50,000. The salary, bonus and commission rate will be determined depend on career and educational background and performance during evaluation.

BNBC, INC will provide no compensation to Trader Trainees for Training Session while trainee will obtain 100 percent of the profit that is generated. Visa sponsorship - H-1B - will be offered only to those who pass the evaluation. ForexTrader Did you lose your money before because of trading with them? Why are you attacking them? This looks so intentional... Well, this business is full of competitions, you must be working for their competitors. About your speaking wrong facts of FSI already, obviously that you are a lier...how can you be so irresponsible to attack someone and even pointed out specific names and defame them. This is so unethical. Although i am just an intern there, but i have justice that they do provide good training for people and they do have great office operation in Asia. You can be upset with something, but it is really not nice to attack someone and even mention their names like that...I had interaction with those people for the past three months, they seem quite nice and professional to me. You really should be careful with what you say, that is very mean and unethica

 

Slurp, Are you working for FSI? If you are not, you may want to delete the last paragragh from your post. LOL You must be really angry at them cursing FSIFX for more than 3 years on different websites.

"Did you lose your money before because of trading with them? Why are you attacking them? This looks so intentional... Well, this business is full of competitions, you must be working for their competitors. About your speaking wrong facts of FSI already, obviously that you are a lier...how can you be so irresponsible to attack someone and even pointed out specific names and defame them. This is so unethical. Although i am just an intern there, but i have justice that they do provide good training for people and they do have great office operation in Asia. You can be upset with something, but it is really not nice to attack someone and even mention their names like that...I had interaction with those people for the past three months, they seem quite nice and professional to me. You really should be careful with what you say, that is very mean and unethica"

Anyway, coming back to questions, I went to tradingacademy.com and they charge over $2000 for its training program and it just does not worth it. Anyone ever joined the traiining provided by FSIFX? I heard they do not charge participants for the training. Is it true? Is there any restriction?

 

slurpy

This is about 6th time that you have posted negative comments online about our company and services for the last 4 years starting from July 2007. In good faith, we have since then tried to contact you several times to understand your position and resolve any issue if any. However, to this date you have not responded. Instead you have continued to post and repost negative articles like one below almost every summer.

OUR COMPANY NEVER HAD ANY NEGATIVE REVIEW FROM ANYONE OTHER THAN SLURPY.

What we can assume then is that you are either a competitor or working for one, or a former trainee who failed to meet the evaluation requirements. We have concluded that this is the reason why you have no qualms in your repeated banal attempts of creating an illusion of a non-existing scandal and we can understand this motivation.

However, to berate our company as a “scam” whose operations one can verify is unfortunate and grossly irresponsible. Indeed, the compelling critique that you make about the company is incoherent, factually inaccurate and indiscriminate. It is fact that we have offices in Asia and you might note that our company does not make any profit holding this program; to the contrary, we are spending a significant fraction of our budget for this program. In addition, some people mentioned in your innuendo have not worked for the company for the last several years which suggests that you have little knowledge or understanding of the company and your only warped interest in maligning the company.

Our preference is that you get in touch with us and be forthcoming with your complaint(s) that we may resolve them if at all they exist. Otherwise please stop this character assassination.

 

trazer985, My name is Brian Tobin. I am a Senior Trader at FSI that has passed the evaluation period and have become quite successful as a trader. I would appreciate it if you do not trash something you have no idea what your talking about. If you have any questions and want to settle this please call me. My office number is 646-823-9616.

 

What are the odds that the OP and the first/overly enthusiastic responder both created their WSO accts within just under 35 min of each other? Also marville, the 3rd year analyst female advisor (ha), lives in NY...meaning he/she created this account at 3am. Stop this... and if it's actually 3am where you are, go to sleep.

Don't know why I just spent this much time on this ad post. It will probably be deleted before I finish this comment.

 

I also tried some of the ATS from FSIFX. Each of their ATS has a designated currency pair and time frame which the specific system is working. I went out of the box and tried using it with different currency pairs. Some of them are also showing respectable gains. I will post the results of my experiment after a month.

 
daveed:
I've tried it. But an alert box appeared saying that you can only use the system for a demo account only.

So that's the catch! You have to pay for it... now I am not interested anymore... It looked such an amazing platform! And the conversation between all the participants was so interesting... and didn't sound like a sales pitch at all...

absolutearbitrageur.blogspot.com
 

You can just go to their website to see the result. However, It is much better to do the back test yourself. Companies usually modify this results to make them look better.

 

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