Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

futures tradertoforeign exchange trader

A futures trader already meets 69% of what the foreign exchange trader role asks for. The move turns on 4 required skills not yet in the profile.

From futures trader
69%
Overlap1
To foreign exchange trader
20 Skills carried over
4 Required, not held
31.3 Difficulty2
adjacent 0–30
moderate 30–55
substantial 55–75
career change 75–100
this move, 31.3

This move: 31.3 of 100 · moderate

1 Share of the foreign exchange trader role’s weighted skill requirement already met by the futures trader profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 20 skills that carry over, these are the ones fewest other occupations ask for. A foreign exchange trader role needs them, and most people applying for one will not have them already. This is the part of a futures trader background worth leading with.

Skill the target role also needs Area
  • already held operate financial instruments management skills
  • already held trade securities communication, collaboration and creativity
  • already held forecast economic trends information skills
  • already held international trade business, administration and law
  • already held analyse economic trends information skills
  • already held commercial law business, administration and law

All 20 carried skills, including the 9 the foreign exchange trader role treats as required.

Table 3

Table 3 · What you would need to learn

The 9 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier
01 business, administration and law 1 required, 2 supplementary
  • required, not held foreign valuta required
  • optional, not held accounting optional
  • optional, not held stock market optional
02 information skills 1 required, 2 supplementary
  • required, not held manage financial risk required
  • optional, not held monitor stock market optional
  • optional, not held perform stock valuation optional
03 communication, collaboration and creativity 1 required, 1 supplementary
  • required, not held trade foreign currencies required
  • optional, not held advise on financial matters optional
04 management skills 1 required
  • required, not held handle financial transactions required
Table 4

Table 4 · Where to start

The 3 entries a foreign exchange trader role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 20 skills that carry over
Skill Type
  • already held analyse economic trends skill
  • already held analyse financial risk skill
  • already held analyse market financial trends skill
  • already held commercial law knowledge
  • already held economics knowledge
  • already held financial jurisdiction knowledge
  • already held financial markets knowledge
  • already held forecast economic trends skill
  • already held perform financial risk management in international trade skill
  • already held actuarial science knowledge
  • already held banking activities knowledge
  • already held financial products knowledge
  • already held international commercial transactions rules knowledge
  • already held international trade knowledge
  • already held maintain records of financial transactions skill
  • already held operate financial instruments skill
  • already held securities knowledge
  • already held statistics knowledge
  • already held trace financial transactions skill
  • already held trade securities skill
5 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held accounting optional
  • optional, not held advise on financial matters optional
  • optional, not held monitor stock market optional
  • optional, not held perform stock valuation optional
  • optional, not held stock market optional
5 held skills the foreign exchange trader role does not ask for
Skill Type
  • not needed by the target role financial forecasting knowledge
  • not needed by the target role international law knowledge
  • not needed by the target role negotiate sale of commodities skill
  • not needed by the target role negotiate sales contracts skill
  • not needed by the target role trade future commodities skill
3 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier
  • required, not held foreign valuta required
  • optional, not held accounting optional
  • optional, not held stock market optional
Index

Other moves recorded from futures trader

Full index of moves from futures trader

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.