Where a foreign exchange trader can go next
5 destinations recorded, ranked by how much of the target role a foreign exchange trader already meets. The closer to the top of Table 1, the less there is to learn.
Foreign exchange traders buy and sell foreign currencies in order to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis of economic information (market liquidity and volatility ) to predict the future rates of currencies on the foreign exchange market. They trade on their own name or for their employers.
Also known as forex dealer, foreign exchange handler, forex handler, foreign exchange dealer.
Technicians and associate professionals 29 skills on file 5 career moves 5 above 60% overlap Closest: securities underwriter, 80%
- 70% and above · short step
- 50 to 70% · real move
- Below 50% · substantial retraining
Table 2 · What the job itself asks for
A foreign exchange trader needs 13 required skills and areas of knowledge. These 10 are the ones fewest other jobs share, so they say the most about the work.
- trade foreign currencies communication, collaboration and creativity
- foreign valuta business, administration and law
- forecast economic trends information skills
- analyse economic trends information skills
- commercial law business, administration and law
- financial jurisdiction business, administration and law
- financial markets business, administration and law
- economics social sciences, journalism and information
- analyse market financial trends information skills
- analyse financial risk information skills
Table 3 · Jobs that lead here
The reverse view: occupations whose skills already cover much of what a foreign exchange trader does. The figure is how much of this job each one brings.
- securities underwriter 78% covered · difficulty 23.3
- commodity broker 73% covered · difficulty 28.2
- commodity trader 71% covered · difficulty 29.9
- futures trader 69% covered · difficulty 31.3
- financial markets back office administrator 58% covered · difficulty 39.5
- corporate banking adviser 56% covered · difficulty 42.3
- central bank governor 51% covered · difficulty 47.3
- business economics researcher 34% covered · difficulty 61.2
- credit risk analyst 29% covered · difficulty 65.8
Look up another occupation
Foreign exchange trader is filed under Technicians and associate professionals, ISCO major group 3. The full index lists all ten groups.
How these figures were compiled
Overlap is how much of the target role is already part of a foreign exchange trader’s work. It is directional: the figure for the reverse move differs. Every entry above opens the full comparison for that move: what carries over, what is missing, and where to start. The full method.