Do you want to make money working from home as a successful Forex business analyst? If YES, here are 7 easy steps to become a professional Forex business analyst.

There is no doubt that the advent of the internet is a major technological tool that enables countless number of people all over the globe to work from home and still make as much money as they could possibly make or even more if they keep a regular 9 to 5 job that takes them away from their homes.

If you are tired of your 9 to 5 job and you want to take control of your time, and still make enough money to pay your bills and take good care of your family then you need to consider starting an internet based business. One of the internet based businesses that you can conveniently start from your home is to become a forex business analyst. Being a forex business analyst basically is all about analyzing the forex market.

What is a Forex Business Analyst?

A forex business analyst conducts research and also writes daily market commentaries about the forex market and also on other key economical and political issues that directly or indirectly affects the value of currency. The information cum reports they generate help their clients (forex traders) make informed trading decisions.

Some of the basic tools that you need to work as a forex business analyst are a computer / laptop, internet connection, and up to date information on forex, and what have you. As a matter of fact, you must be able to work in a fast – paced environment if you are to succeed as a forex business analyst because the forex market changes with rapid astonishment and you must be able to churn out commentary on a regular basis.

Now let us quickly consider the 7 surefire tips that will guide you if you want to work from home as a forex business analyst;

7 Steps to Working from Home as a Forex Business Analyst

1. Make up Your Mind

Working from home can be a bit challenging especially if you are not getting the result you desire. So, if you want to work from home as a forex business analyst, then you need to critically examine the pros and cons before making your decision.

It is better to make up your mind before venturing into anything because you are the one who is going to live by the decision you make. Thus part of what you need to do in order to make informed decision is to understudy entrepreneurs / freelancers especially forex analyst who work from home. It will put you in a better position to make up your mind.

2. Acquire a Relevant University Degree

In order to become a forex business analyst, you would need a College Degree in Economics or Finance, et al. An MBA would also be to your advantage. So, once you have made up your mind to become a forex business analyst, then you must ensure that you get a college degree in any of the related courses.

You have the option of enrolling as a full – time student, part time student or in an online university. The bottom line is that you must ensure that you have a degree in economics or finance if you want people to take you seriously in this profession.

3. Pass the Relevant Certification Exams

There are other certifications exams that you would be required to write and pass in order to boost your profile as a forex business analyst. Some of the exams that you are expected to take and pass if you want to build a career as a forex business analyst are Series 3, Series 7, Series 34 or Series 63 exams.

4. Gather Relevant Experience

In order to work from home as a forex business analyst, you would need to first garner relevant working experience in a financial institution. You can pick up a role as a currency researcher or currency analyst in a forex brokerage firm.

That is one of the fastest means of launching out as a freelance forex business analyst. You can put in 2 or more years and if you are a fast learner, you would have learnt the basic things you need to start on your own as a forex business analyst.

5. Write Your Business Plan

Since you will be working from home as a freelance forex business analyst, you would need to map out your plans on how to make money. So, what you need to do is to sit down and write a workable business plan that will guide you in running your business. Your business plan should contain strategy on how to attract clients and also strategy on how to promote your business amongst other strategist that will help you effectively manage the business.

6. Setup Your Office

One thing that will show that you are serious as a forex business analyst is that you should be able to setup an office in your home since you have chosen to work from home. The truth is that you need less distraction to be able to perform optimally.

So, all you need to do is to chose a part of your house that would attract less distraction, it could be your bed room or your dinning. The bottom line is that you should equip the space with an office table, a comfortable office chair, computer / laptop, internet facility, telephone box, printer and fax machine et al.

7. Promote Your Business

Working as a freelance forex business analyst requires diligence and consistency to be able to secure deals. Therefore, you need to do all you can to position your business to attract clients.

Part of what you need to do is to create your own personal website and then blog constantly on forex related issues; it will help you create awareness of what you do. If you have the opportunity to be a guest in a radio or TV financial program, then you would have gotten free publicity for your business.

Lastly, working from home as a forex business analyst requires constant research, so ensure that you create an enabling environment for research.

Ajaero Tony Martins