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.

Alternative Labels

broker in foreign exchange

forex broker

forex trader

fx broker

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

advise on financial matters analyse economic trends analyse financial risk analyse market financial trends apply technical communication skills forecast economic trends perform financial risk management in international trade trade foreign currencies

Essential Knowledge

commercial law economics financial jurisdiction financial markets foreign valuta

Optional Skills and Competences

build business relationships communicate with banking professionals handle financial transactions 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 trace financial transactions trade securities

Optional Knowledge

accounting actuarial science banking activities financial products international commercial transactions rules international trade securities statistics stock market

Concept URI

Concept Uri

http://data.europa.eu/esco/occupation/fadb09c5-db84-4240-9fd6-68b4c0abeed5

Status

released

Occupations