If you want to become a forex trader in 2024, you have a lot of options. The internet is filled with brokers that can fulfill all of your wishes, ensuring you have a pleasant experience and smooth trades. But what are the best states for doing foreign exchange trades? While you can trade forex in any state, there are surely a few that make the experience better.
Not only do some states have more exchange trader positions, but US residents can also trade binary options more conveniently in some areas. This post will reveal the ten best US states for forex trades, so let’s begin.
1. Delaware
If you want to trade forex, you can’t go wrong with it in Delaware. There are 14 forex trader jobs in the state, with an average annual salary of $131,245. Here, the smallest 10% earning is $81,000, while the highest is $210,000.
2. Connecticut
Connecticut is also pretty generous when it comes to foreign exchange. If you want to start doing trades, you will be happy to know that while the average annual salary here is $134,901, the minimum 10% earning is $85,000, whereas the highest one is $213,000. There are also 20 forex trader jobs.
3. New Hampshire
Look no further than New Hampshire if you want good forex trades. Here, you have 14 foreign exchange trader positions with a $137,445 annual salary. The lowest 10% earn is $87,000, and the highest one is $216,000.
4. Rhode Island
Consider Rhode Island for your trades if you want a great 10% earn. The highest 10% earn in the state is $215,000, and the lowest is $86,000. Also, the highest average annual salary is $136,754. You should just know that there are only 8 forex trader jobs here.
5. New York
New York shines when it comes to the number of exchange trader jobs, and it makes sense, given how many people are attracted by this location. You get 109 foreign exchange trader positions in NY, with a $139,846 annual salary. The highest 10% earning is $220,000, and the lowest is $88,000.
6. Nevada
In Nevada, you get 15 positions for foreign exchange traders, as well as an annual salary of $126,625 and a highest 10% earning of $199,000 alongside the lowest earning of $80,000.
7. Michigan
Michigan brings you a low 10% earning of $72,000, a high one of $192,000, and a $117,637 annual salary. In total, there are 33 forex trader jobs.
8. New Mexico
New Mexico only has 11 foreign exchange trader jobs, but it has a $111,419 average annual salary, a $69,000 lowest 10% earning, and a $178,000 highest 10% earning.
9. West Virginia
You’ll only find 7 total foreign exchange trader jobs in West Virginia. There’s an annual average salary of $115,048, a $69,000 lowest 10% earning, and a $190,000 highest 10% earning.
10. District of Columbia
Traders will be able to enjoy a $129,279 average annual salary in the District of Columbia, as well as a $80,000 lowest 10% earning and a $208,000 highest 10% earning. There are also 15 forex trader jobs here.
Final Thoughts
There are many great states for forex traders in 2024. Most have over ten foreign exchange trader jobs with annual average salaries surpassing $100,000. The best states for traders are New York, with 109 positions and a $220,000 highest 10% earning; New Hampshire, with a $216,000 highest 10% earning; and Delaware, with a $210,000 highest 10% earning.
