About the role
Currency traders, also known as forex traders, specialize in trading currencies on the global foreign exchange market. They often work for banks, financial institutions, or as independent traders and require a good understanding of economics and financial markets. Educationally, they may have studied economics, finance, or similar subjects at university.Responsibilities
Currency traders analyze the foreign exchange market to make profitable trades. They closely follow economic reports, news, and political events that can affect exchange rates. Risk management is a central part of their work to minimize losses and maximize profits.Skills and tools
Currency traders must have strong analytical skills and be adept at interpreting financial data. They use trading platforms, technical analysis, and economic indicators to make decisions. Good knowledge of mathematics and an understanding of risk management are also important.