foreign exchange broker
Foreign exchange brokers buy and sell foreign currencies on behalf of their clients in order to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis of economic information such as market liquidity and volatility, to predict the future rates of currencies on the foreign exchange market.
Also called: broker in foreign exchange, forex broker, forex trader, fx broker
- 13
- essential skills
- 22
- optional skills
- 8
- related roles
- 3311
- ISCO-08 group
Where you can go from here
8 rolesOccupations sharing the most essential skills with this one. The number is a count, not an opinion.
- foreign exchange traderWhat changes?11 skills in common
- commodity broker9 skills in common
- commodity trader8 skills in common
- futures trader8 skills in common
- securities broker8 skills in common
- securities underwriter7 skills in common
- stock broker7 skills in common
- central bank governor6 skills in common
Essential skills
13- advise on financial matters
- analyse economic trends
- analyse financial risk
- analyse market financial trends
- apply technical communication skills
- commercial law
- economics
- financial jurisdiction
- financial markets
- forecast economic trends
- foreign valuta
- perform financial risk management in international trade
- trade foreign currencies
Optional skills
22- accounting
- actuarial science
- banking activities
- build business relationships
- communicate with banking professionals
- financial products
- handle financial transactions
- international commercial transactions rules
- international trade
- maintain records of financial transactions
- monitor stock market
- negotiate with stakeholders
- operate financial instruments
- perform stock valuation
- protect client interests
- provide financial product information
- review investment portfolios
- securities
- statistics
- stock market
- trace financial transactions
- trade securities
Definition and skills from ESCO, published by the European Commission. Source concept
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