What are the responsibilities and job description for the Foreign Exchange Trader position at Augment Jobs?
Job Summary: The Foreign Exchange Trader will be responsible for managing and executing trades in the foreign exchange markets. The ideal candidate will have a deep understanding of forex markets, strong analytical skills, and the ability to make quick decisions under pressure. This role requires a proactive approach to trading strategies and risk management.
Key Responsibilities
Key Responsibilities
- Execute trades on behalf of clients or the firm, adhering to market conditions and client specifications.
- Monitor forex markets, economic indicators, and global events to identify trading opportunities and risks.
- Develop and implement trading strategies to achieve profit targets while managing risk.
- Analyze market trends and financial data to make informed trading decisions.
- Maintain accurate records of trading activities and performance metrics.
- Collaborate with research analysts and other team members to enhance trading strategies and market insights.
- Stay updated on regulatory changes and ensure compliance with relevant laws and policies.
- Bachelor's degree in Finance, Economics, Business, or a related field. Advanced degrees or professional certifications (e.g., CFA, CMT) are a plus.
- Proven experience as a Foreign Exchange Trader or in a similar trading role.
- Strong understanding of forex markets, trading platforms, and financial instruments.
- Excellent analytical and quantitative skills, with the ability to interpret complex financial data.
- Proficiency in trading software and tools, such as MetaTrader, Bloomberg Terminal, or equivalent.
- Ability to work under pressure and make quick, informed decisions.
- Strong communication skills and attention to detail.