Jobs Interview Question

There are several classes of job interview questions:


1. Skills based questions
These job interview questions are related to specific job skills outlined in essential criteria. Candidates are asked to give examples of their work, or outline their duties and performance in key roles.

2. Knowledge based questions Many jobs have a required knowledge base. Interview questions are used to find out the depth of knowledge, and to check and confirm candidates have the essential information required to do the work involved.

3. Technical questions These are a different type of knowledge based job interview questions, and they relate to the technical issues of the position. In some job interviews, a person on the interview panel is appointed to ask these questions, and give expert evaluation of answers to the panel.

4.Problem solving questions • The problem solving job interview questions are now standard practice. Problem solving questions are used to define skill levels and the ability to deal with difficulties. • Experience related questions This is a range of job interview questions designed to test prior experience across the range of job skills contained in the position. They include additional questions to clarify the scope of candidates? experience. They also deal with issues related to the job, particularly where levels of experience relate directly to the complexity of the work.

5.Interpersonal skills questions These are job interview questions which explore workplace relationships, team roles, leadership, and other personal characteristics of candidates. Questions can range from dealing with stress to contributing to a team.

6.Assessing job interview questions Interview assessments use the merit principle to decide successful applicants based on their answers to the job interview questions. A panel discussion and consensus, or a formal evaluation process using an 'evaluation grid', (a step by step analysis of answers) is conducted.

7.The selection process Interviewers select the candidate who meets all job criteria to an acceptable standard. The panel then makes a recommendation for appointment to management.

Welcome to Kerja Kosong Online 2016

Daily Job Vacancies UPDATE!!!.


Showing posts with label selangor. Show all posts
Showing posts with label selangor. Show all posts

KERJA KOSONG PPUKM 2014

Written By Admin on Wednesday, October 16, 2013 | 12:55 PM


Pusat Perubatan UKM (PPUKM) memerlukan Warganegara Malaysia yang berkelayakan, komited dan berdedikasi untuk berkhidmat di Universiti Kebangsaaan Malaysia bagi jawatan-jawatan seperti berikut:

Jawatan Kosong 2013 bagi kekosongan Perubatan Universiti Kebangsaan Malaysia (PPUKM) seperti perkara di bawah ini :

1. Pegawai Dietetik U41
2. Pegawai Sains C41
3. Pembantu Am Pejabat N1
MAKLUMAN PENTING UNTUK BUKAN KAKITANGAN , SILA AMBIL PERHATIAN!
1- Sekiranya belum pernah membuat sebarang permohonan sila klik butang “DAFTAR di bahagian akhir halaman ini
2- Sekiranya sudah pernah membuat sebarang permohonan sila masukkan no Kad Pengenalan dan nombor permohonan dan klik butang “LOG MASUK” .
Tarikh tutup: 21 Okt 2013
Sila klik sini untuk maklumat penuh dan sumber iklan jawatan kosong 2013 ini.
12:55 PM | 0 comments | Read More

KERJA KOSONG UKM 2014

UKM memerlukan Warganegara Malaysia yang berkelayakan, komited dan berdedikasi untuk berkhidmat di Universiti Kebangsaan Malaysia bagi jawatan-jawatan seperti berikut:
The foremost research university in Malaysia where research & innovation news matter is invite to apply following positions bellow:

Kami memerlukan Warganegara Malaysia yang berkelayakan, komited dan berdedikasi untuk berkhidmat di Universiti Kebangsaan Malaysia bagi jawatan-jawatan seperti berikut:
Warganegara Malaysia yang berkelayakan dipelawa untuk mengisi jawatan kosong di Universiti Kebangsaan Malaysia (UKM)

1. Pegawai Pergigian
2. Pegawai Perubatan
3. Pembantu Kesihatan Awam
4. Penolong Akauntan
5. Penyelia Asrama
6. Setiausaha Pejabat

Tarikh tutup permohonan 17 oktober 2013

Maklumat lanjut dan permohonan sila klik disini
12:47 PM | 0 comments | Read More

KERJA KOSONG NIOSH 2013

Written By Admin on Thursday, January 24, 2013 | 10:13 PM

Job Vacancies At NIOSH
Availabel Vacancy At Institut Keselamatan Dan Kesihatan Pekerjaan (NIOSH)

1. Temporary Clerk (NIOSH – Sarawak Regional Office, Kuching)
- Closing Date : 18/01/2013
2. Clerk, Finance (NIOSH Bandar Baru Bangi, Selangor)
- Closing Date : 26/01/2013
3. Technician (NIOSH Southern Regional Office, Johor Bahru)
- Closing Date : 15/02/2013
4. Clerk, Human Resource (NIOSH Bandar Baru Bangi, Selangor)
- Closing Date : 31/01/2013

Interested candidates are invited to submit resume with expected salary to :

Human Resource Division
NIOSH
Lot 1, Jalan 15/1, Section 15, 43650 Bandar Baru Bangi, Selangor
Tel : 03-8911 3894
Email: hrd@niosh.com.my

MORE INFO KLIK SINI
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KERJA KOSONG UIAM 2013

Kekosongan di Universiti Islam Antarabangsa Malaysia (UIAM)
 
1. ASSISTANT INFORMATION SYSTEM OFFICER (F-29)
 
Tarikh Tutup: 16 Februari 2013
 
MORE INFO KLIK SINI
10:11 PM | 0 comments | Read More

KERJA KOSONG SYABAS NOVEMBER 2012

Written By Admin on Thursday, November 8, 2012 | 4:56 AM


As one of the major players in the water industry in Malaysia, we are gearing ahead to fulfill our vision to be the leading water provider of quality and clean water within the region.
For those who wish to share our vision and determination and are willing to give their best, we offer a challenging working environment, competitve pay, stability, career growth, great benefits and rewarding experience.

1.Manager & Executive – Mechanical & Electrical
2.Executive Technical

MUAT TURUN SYARAT PERMOHONAN DAN APPLY SECARA ONLINE 
4:56 AM | 0 comments | Read More

KERJA KOSONG PKPS 2012

Written By Admin on Tuesday, July 10, 2012 | 3:23 AM

Perbadanan Kemajuan Pertanian Selangor (PKPS) ditubuhkan pada 2 Januari 1972 di bawah Enakmen No.1972 dan melaksanakan aktiviti secara rasmi pada 1 Mac 1973. PKPS berperanan memajukan industri pertanian bagi mempercepatkan pembangunan sosio ekonomi negeri Selangor Darul Ehsan.


Warganegara Malaysia yang berumur tidak kurang dari 18 tahun pada tarikh iklan adalah dipelawa memohon jawatan-jawatan sebagaimana di bawah di Perbadanan Kemajuan Pertanian Selangor (PKPS).

1. Penolong Pengurus/Eksekutif Pertanian

MUAT TURUN SYARAT LANTIKAN

Date: 13 Julai 2012
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KERJA KOSONG UKM 2012

UKM memerlukan Warganegara Malaysia yang berkelayakan, komited dan berdedikasi untuk berkhidmat di Universiti Kebangsaan Malaysia bagi jawatan-jawatan seperti berikut:

1. PEGAWAI TADBIR N41
2. PENOLONG PEGAWAI TADBIR N27
3. SETIAUSAHA PEJABAT N27
4. PENOLONG AKAUNTAN W27
5. JURUTEKNIK J17
6. PEMBANTU TADBIR (KEWANGAN) W17

MUAT TURUN SYARAT LANTIKAN

Tarikh Tutup Permohonan: 18 Julai 2012
3:21 AM | 0 comments | Read More

KERJA KOSONG LEMBAGA PELABUHAN KLANG 2012


LEMBAGA PELABUHAN KELANG mempelawa calon-calon warganegara Malaysia yang berdedikasi, bermotivasi tinggi, bertanggungjawab terhadap tugas dan berkelayakan untuk mengisi kekosongan jawatan berikut:



  1. Pegawai Tadbir

MUAT TURUN SYARAT LANTIKAN 



MUAT TURUN BORANG PERMOHONAN



Tarikh Tutup Permohonan: 13/7/2012
3:18 AM | 0 comments | Read More

KERJA KOSONG KOLEJ PROFESIONAL MARA 2012

Written By Admin on Friday, January 27, 2012 | 12:45 PM

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifgJ5m1wOeVXnuiiY88ixAJhtL07AD8cAh3horEdevuhlMZeiHhiceBDYITIG_k2XtHo4YCabBJdsCmyd_WIQVUvqYNBSn6tfODPNuzGnFsy9TPXbTfo_c7Wm8QfNIkOMoQGBP_TWyR2Og/s400/kpmara.gif
IKLAN JAWATAN KOSONG
(PENSYARAH SAMBILAN)

Calon-calon adalah dipelawa untuk mengisi jawatan seperti berikut di Kolej Profesional
MARA Beranang.

1. JAWATAN : PENSYARAH
a) SUBJEK : PENDIDIKAN ISLAM
b) TARAF JAWATAN : SAMBILAN
c) KUMPULAN PERKHIDMATAN : PENGURUSAN DAN PROFESIONAL
d) KEKOSONGAN : 1

2. KELAYAKAN
a) i) Ijazah Sarjana Muda dari Universiti Tempatan dalam bidang Pendidikan Islam atau
kelayakan-kelayakan lain yang diiktirafkan setaraf dengannya.
ATAU
ii) Ijazah Sarjana Muda Kepujian dalam bidang berkaitan dari universiti-universiti
tempatan atau kelayakan-kelayakan lain yang diiktirafkan setaraf dengannya.
b) Kepujian Bahasa Melayu (termasuk lulus Ujian Lisan) pada peringkat Sijil Pelajaran
Malaysia atau kelulusan yang diiktirafkan setaraf dengannya oleh Kerajaan.

3. CARA MEMOHON
Permohonan hendaklah dibuat secara bertulis dengan menyertakan `Resume’ yang
mengandungi butiran berikut:-

a) Nama jawatan yang dipohon
b) Butir-butir Peribadi
c) No. Telefon / E-mel
d) Butir-butir Akademik
e) Pengalaman Kerja
f) Salinan Ijazah / Diploma / Sijil-sijil Kelulusan (Salinan hendaklah DISAHKAN BENAR)
g) Salinan Sijil Kelahiran
h) Salinan kad Pengenalan
i) Lain-lain Kelayakan yang disyaratkan

Permohonan hendaklah dihantar kepada

Pengarah
Kolej Profesional MARA Beranang
Lot 2333 Mukim Beranang
Jalan Kajang/Seremban
43700 Beranang
Selangor

No. Telefon : 03-87668935 / 36
No. Fax : 03-87668940

Tarikh tutup permohonan ialah pada 30 Januari 2012 jam 9.00 pagi. Permohonan yang lewat
diterima atau tidak mematuhi peraturan yang dinyatakan akan ditolak.
12:45 PM | 0 comments | Read More

KERJA KOSONG MAJLIS PERBANDARAN SEPANG 2012

MAJLIS PERBANDARAN SEPANG (MPSepang) merupakan sebuah Pihak Berkuasa Tempatan yang diberi kuasa di bawah Akta Kerajaan Tempatan 1976 (Akta 171) untuk memberikan perkhidmatan perbandaran kepada semua warga Sepang. Sebagai Pihak Berkuasa Tempatan, MAJLIS PERBANDARAN SEPANG bertanggungjawab terhadap perancangan, pembangunan dan khidmat masyarakat.
Pada mulanya ia dikenali sebagai Lembaga Bandaran Sepang dan kemudian dikenali dengan nama Majlis Daerah Sepang. Kelulusan Pihak Berkuasa Negeri Selangor bertarikh 13hb November 2002 telah menaiktaraf Majlis Daerah Sepang kepada Majlis Perbandaran Sepang. Perakuan Suruhanjaya Pilihanraya melalui surat bertarikh 7hb Mei 2003 turut dirujuk bagi kenaikan taraf ini. Pengesahan dari Kementerian Perumahan dan kerajaan Tempatan telah diperolehi pada 19 Mac 2004. Majlis Perbandaran Sepang disahkan naiktaraf pada 3hb Mac 2005. Kini keluasan kawasan pentadbiran Majlis Perbandaran Sepang meliputi keseluruhan kawasan Daerah Sepang iaitu seluas 56,150 hektar (jumlah keluasan yang dinyatakan tidak termasuk kawasan 3 batu nautikal dari tikas air surut).
Upacara pengisytiharan gilang gemilang dengan mengekalkan adat istiadat Melayu dilangsungkan penuh kemeriahan di Stadium Perbandaran Sepang yang telah dirasmikan oleh Duli Yang Maha Mulia Sultan Selangor pada 13hb Disember 2005.
Majlis Perbandaran Sepang kini sedang mencari individu yang berkelayakan dan bermotivasi tinggi untuk menyandang kekosongan jawatan seperti berikut:

1. Arkitek Lanskap (J1-1)
2. Pegawai Kesihatan Persekitaran (U1-1)
3. Penolong Pegawai Kesihatan Persekitaran (U2-1)
4. Juruteknik Perancang Bandar dan Wilayah (JA3-1)
5. Juruteknik Lanskap (JA3-1)
6. Pembantu Tadbir – Perkeranian/Operasi (N4-1)
7. Pembantu Kesihatan Awam (U4-1)
8. Pembantu Operasi (N5-1)
9. Pembantu Awam (H5-1)


KLIK SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

BORANG PERMOHONAN


Tarikh Tutup Permohonan: 3 Februari 2012
12:43 PM | 0 comments | Read More

KERJA KOSONG SIRIM 2012

SIRIM Berhad is a wholly owned by the Malaysian Government under the Minister of Finance Incorporated. With over forty years of experience and expertise as the governments mandated machinery for research and technology development, SIRIM is also the national champion of quality. SIRIM focus on discovering and developing new technologies to help businesses compete better through quality and innovation.
SIRIM is recognized the world over as a global research and standards development organization. One of the nine founding members of the Global Research Alliance (GRA), a cooperation of leading knowledge-intensive technology organization from nine countries in four continents, committed to developing global knowledge networks for industry and industrial sectors to enhance their competitiveness. SIRIM is also the secretariat of the World Association of Industrial and Technological Organisations (WAITRO), an independent association of industrial research organizations founded under the auspices of the United Nations, with 160 members in 80 countries.
As the national standards development agency, SIRIM plays an active role in international standards development. We coordinate the countrys participation in international standardization activities, where Malaysia is a participating member in over 80 ISO Technical Committees and Subcommittees. SIRIM is also a signatory to the international Committee of Weights and measures Mutual Recognition Arrangement (CIPM-MRA). SIRIM also acts as the local inspection agency for over 20 foreign certification bodies with regards to conformity assessment for Malaysian Exports.
We are currently invite highly-motivated candidates to fulfill the following position:

1. Researcher

  KLIK SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan: 29 Januari 2012
12:42 PM | 0 comments | Read More

KERJA KOSONG UIAM 2012


We are a well known international university fully committed to comprehensive excellence in its academic pursuit and its administration. We extend an invitation to those who wish to contribute towards reaching our vision of revitalizing the intellectual dynamism of Islam and the Muslim Ummah and contribute towards the improvement of qualities of human life and civilization:
1. Administrative Assistant (Clerical/Operation) (N-17)


KLIK SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan: 29 Februari 2012
12:19 PM | 0 comments | Read More

KERJA KOSONG MAJLIS DAERAH SABAK BERNAM 2012


Majlis Daerah Sabak Bernam (MDSB) adalah salah sebuah daripada 12 Pihak Bekuasa Tempatan yang terdapat di seluruh Negeri Selangor Darul Ehsan. Pihak Berkuasa Tempatan bagi Daerah Sabak Bernam ini mula dikenali sebagai Majlis Daerah Sabak Bernam sejak tahun 1977. Sebelum MDSB diisytiharkan sebagai sebuah Majlis Daerah, PBT bagi Daerah Sabak Bernam ini dikenali sebagai penguasa tempatan iaitu Majlis Tempatan dan Lembaga Bandaran.

Permohonan adalah dipelawa daripada Warga Daerah Sabak Bernam/Selangor serta berumur tidak kurang dari 18 tahun pada tarikh tutup iklan untuk mengisi jawatan kosong:

1. Pembantu Am (Gred H5-1)

KLIK DI SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan: 8 Februari 2012
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KERJA KOSONG MAJLIS PERBANDARAN KLANG 2012

Written By Admin on Friday, January 13, 2012 | 9:12 AM


Majlis Perbandaran Klang adalah sebuah penguasa tempatan yang bertempat di daerah Klang.
Penguasa Tempatan Klang telah ditubuhkan pada bulan Mei 1890 yang ketika itu dikenali sebagai Lembaga Kesihatan Klang untuk mentadbirkan Bandar Klang. Sempadan rasmi telah ditetapkan pada tahun 1895 manakala pada tahun 1926 kawasannya telah digabungkan dengan Port Swettenham dan pada bulan Disember 1945 telah diubah menjadi Lembaga Bandaran Klang.
Perubahan dalam pentadbiran seterusnya berlaku apabila terbentuknya Majlis Bandaran Klang pada tahun 1954. Dengan sistem pentadbiran ini Klang membangun dengan pesatnya sehingga pada tahun 1971 apabila Pelabuhan Klang, Kapar dan Meru telah dirangkumkan menjadi Majlis Daerah Klang.
Dengan berkuatkuasanya Akta Kerajaan Tempatan 1976 (Akta 171) dan penyusunan semua penguasa tempatan, Majlis Daerah Klang telah dinaikkan ke taraf yang ada sekarang iaitu Majlis Perbandaran Klang (MPK) pada 1 Januari, 1977.
Majlis Perbandaran Klang kini sedang mencari calon untuk mengisi kekosongan jawatan dari kalangan warganegara Malaysia untuk jawatan :

1. Pembantu Awam (H5-1)


KLIK SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan: 13 Januari 2012
9:12 AM | 0 comments | Read More

KERJA KOSONG SIRIM 2012


SIRIM Berhad is a wholly owned by the Malaysian Government under the Minister of Finance Incorporated. With over forty years of experience and expertise as the governments mandated machinery for research and technology development, SIRIM is also the national champion of quality. SIRIM focus on discovering and developing new technologies to help businesses compete better through quality and innovation.
Jawatan Kosong di SIRIM Berhad :

- Juruteknik (Landskap) Gred 15

KLIK DI SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan : 27 Januari 2012
9:06 AM | 0 comments | Read More

KERJA KOSONG UKM 2012

Mulai 1957 hingga 1967, perjuangan untuk penubuhan universiti kebangsaan menjadi semakin bersemarak sebagai memenuhi tuntutan dan semangat kemerdekaan bangsa dan negara. Sehubungan itu, pada 1968 segolongan cendekiawan Melayu telah membentuk sebuah jawatankuasa penaja yang berperanan merancang penubuhan sebuah universiti kebangsaan. Pelbagai forum budaya dan politik diadakan bagi mendapat sokongan kerajaan dan rakyat untuk mewujudkan sebuah institusi pengajian tinggi yang menggunakan bahasa Melayu sebagai bahasa pengantar dalam semua bidang pangajian dan keilmuan. Kegigihan, tekad dan semangat perjuangan yang berkobar-kobar dan tidak pernah luput itu telah mencapai kejayaan dengan penubuhan Universiti Kebangsaan Malaysia (UKM) pada 18 Mei 1970. Kumpulan pertama pelajar prasiswazah seramai 192 orang mula mendaftar di tiga buah fakulti, iaitu Fakulti Sains, Fakulti Sastera dan Fakulti Pengajian Islam pada Mei 1970.
Dalam usia 39 tahun penubuhannya, UKM telah mengeluarkan sejumlah 131,259 graduan; 113,975 graduan Sarjana Muda, 15,895 Sarjana dan 1,389 PhD. Ini adalah hasil penawaran lebih daripada 103 program prasiswazah dan 170 program pascasiswazah. Peningkatan jumlah pelajar luar negara yang setakat ini berjumlah 2,415 pelajar dari 55 buah negara membuktikan penerimaan global terhadap program dan ekosistem ilmu UKM.
Fakulti Kejuruteraan dan Alam Bina (FKAB) dengan ini mempelawa calon-calon yang
berkelayakan untuk mengisi kekosongan jawatan untuk:

1. Pegawai Penyelidik (Q1-1)
Tarikh Tutup: 27 Januari 2012

Iklan Jawatan

2. Setiausaha Pejabat (N27)
Tarikh Tutup: 20 Januari 2012


KLIK DI SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

KLIK DI SINI UNTUK ORANG PERMOHONAN

Tarik Tutup Permohonan : 20 Januari 2012
9:06 AM | 0 comments | Read More

KERJA KOSONG KIST 2012

Written By Admin on Friday, January 6, 2012 | 8:40 AM


Kolej Islam Sains & Teknologi (KIST) merupakan sebuah kolej Swasta milik penuh Bumiputera, bertempat di Kelantan. KIST dikendalikan oleh KIST Group Holdings Sdn Bhd dan modal saham berbayar yang dibenarkan adalah RM 25 Juta. KIST kini mencari individu yang berkelayakan untuk mengisi kekosongan jawatan seperti berikut:



1. Penolong Pensyarah/Pensyarah
2. Penyelidik (R & D)
 
 
Tarikh Tutup: 10 Februari 2012
8:40 AM | 0 comments | Read More

KERJA KOSONG SYABAS 2012

Written By Admin on Wednesday, January 4, 2012 | 12:39 AM


As one of the major players in the water industry in Malaysia, we are gearing ahead to fulfill our vision to be the leading water provider of quality and clean water within the region.For those who wish to share our vision and determination and are willing to give their best, we offer a challenging working environment, competitve pay, stability, career growth, great benefits and rewarding experience.
Jawatan Kosong di Syarikat Bekalan Air Selangor (SYABAS) :

- Assistant Manager

KLIK DI SINI UNTUK IKLAN JAWATAN DAN CARA MEMOHON

Tarikh Tutup Permohonan : 20 Januari 2012
12:39 AM | 0 comments | Read More

KERJA KOSONG KLIA PREMIER HOLDINGS 2012

Written By Admin on Saturday, December 31, 2011 | 12:40 PM



KLIA Premier Holdings Careers Kerja Jawatan Kosong 2011, We are a leading multi disciplinary engineering consultancy company specializing in project management and technical consultancy services.we are seeking dynamic individuals with the relevant experience to fill the following positions






( Zoom Ads : Mouse Right Click + Open New Tab )

Close date : 15/1/2012
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KERJA KOSONG PRASARANA 2012

http://upload.wikimedia.org/wikipedia/commons/e/e7/Prasarana_Logo.png

The LRT public transport system was introduced in the Klang Valley with the LRT System 1 which runs from Ampang/Sri Petaling to Sentul Timur and was operated by Sistem Transit Aliran Ringan Sdn Bhd (STAR) in a privatisation project while the LRT System 2 which runs from Kelana Jaya to Gombak was privatised to Projek Usahasama Transit Ringan Automotif Sdn Bhd (PUTRA). The KL Monorail is an intracity public transit system that links many key destinations within Kuala Lumpur. It passes major hotels in the city and serves its central commercial, employment and shopping district. The 8.6km long KL Monorail system runs across 11 stations that stretches from KL Sentral in Brickfields through the central business district of Kuala Lumpur, ending at Titiwangsa Station in Jalan Tun Razak.

CLICK AT TECHNICAL BUTTON

1. HEAD - ENGINEERING
2. JUNIOR EXECUTIVE - SAFETY, HEALTH & ENVIRONMENT
3. SENIOR EXECUTIVE - SAFETY, HEALTH & ENVIRONMENT
4. ANALYST PROGRAMMER
5. EXECUTIVE SECRETARY/EXECUTIVE ASSISTANT
6. CUSTOMER SERVICE ASSISTANT
7. ADMINISTRATOR

CLICK AT NON-TECHNICAL BUTTON

1. JUNIOR EXECUTIVE - SAFETY, HEALTH & ENVIRONMENT
2. SENIOR EXECUTIVE - SAFETY, HEALTH & ENVIRONMENT
3. EXECUTIVE SECRETARY/EXECUTIVE ASSISTANT
4. ADMINISTRATOR

DOWNLOAD JOBS REQUIREMENTS AND ONLINE APPLICATION

Closing Date: 6 Januari 2012 - 25 Januari 2012
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How Forex Brokers Work

Like any other business in the history of business, your broker’s raison d’etre, is to make as big a profit as possible. There are about as many ways to go about this as there are brokers. For those who are in it for the long haul, however, it is generally best to adopt a set of practices which are deemed fair by their clients: certain boundaries are set, and operating beyond them can cost a brokerage its reputation, and along with it its clients. Straying outside these boundaries, therefore, is not considered as being in line with the long term goals of the business. How strictly these boundaries are enforced, especially when there is little chance of clients ever even becoming aware of any transgression, again varies from business to business. For the sake of simplicity, in this article we assume that everyone in the business is squeaky clean, as if every client could peek into the broker’s back office at any time and dissect every trade. This is obviously not the case, and many brokers do take advantage of this opaqueness, but the details of that are best left for another discussion.

So without further ado, let’s get into the details of how forex brokers function. Somewhat removed from the top-tier interbank market, retail forex brokers are there to provide a service that would otherwise not be available, that is, giving an investor with a $10,000 bankroll the chance to speculate in the up-until-recently very exclusive forex market. There are generally considered to be 2 types of brokers providing access at the retail level: Electronic Communications Networks (ECNs) and Market Makers. ECNs are generally somewhat more exclusive, requiring larger deposits to get started, but are seen as providing more direct access to the interbank market. As we will see, there are certainly advantages to this, but some disadvantages as well. Market makers, on the other hand are more often than not, the counter party to their clients’ trades, creating somewhat of a conflict of interest, whereas ECNs profit from commission fees charged directly to the clients, regardless of the result of any trade, they are seen as being completely impartial – an ECN has no incentive for a client to lose money. In fact, one could argue that an ECN stands to profit more if a client is successful, meaning that s/he will stay around longer and they will be able to collect more commission fees from them. A market maker, on the other hand, being the counterparty to a client’s trade, makes money if the client loses money, providing an incentive for some shady practices, particularly in an unregulated market. The extent to which this happens varies among individual brokers. There are also some benefits to trading with a market maker (see our ECNs vs. Market Makers article) Some brokers also provide a service that doesn’t quite fit into either category – they route different orders differently, depending on complex algorithms, or on a dealing desk, that analyze each order and attempt to fill it in the way that will be most beneficial to the broker’s bottom line. They can offset some client orders against one another, effectively creating an in-house market, they can choose to be the counterparty to a client’s trade (trade “against” the client), or they can offset their position with a hedge through a higher-tier counterparty. Note that the market maker is mainly concerned with managing its net exposure, and NOT with any single individual’s trades. They are NOT gunning for your stop losses specifically, but may be gunning for clusters of stops.