FX TRADER
A forex trader, or foreign exchange trader, is a professional trader or investor who makes money by taking advantage of price differences in foreign currency exchange rates.
Forex traders will seek to profit by identifying and exploiting slight differences in constantly changing exchange rates between two or more currencies. Forex traders will buy or sell large sums of foreign currencies with the aim of buying when a currency is weak and selling when it is strong to profit from the difference.
Below, we will cover a sample job description, exploring the daily responsibilities and necessary qualifications of a forex trader.
Responsibilities a forex trader is expected to assume in their position:
- Manage the risks of trading on foreign exchange markets while making a profit
- Conduct research on the financial markets
- Analyse market activity and monitor market trends
- Monitor trading activities and transactions of other traders
- Prepare reports on financial services and the forex market for users and managers
- Maintain records in accordance with financial regulations
- Maintain and develop relationships with clients
Job Qualifications and Skill Sets
- Bachelor’s degree in business, finance, economics, or mathematics
- Extensive knowledge of currency trading
- Familiarity with risk management
- Strong quantitative skills
- Excellent communication skills
- Optimal organizational and analytical skills
- Keen diligence and the ability to spot opportunities that others miss
Salary
Average Annual Salary: £100k + Bonus
Top 10% Annual Salary: £250k + Bonus
