The job of forex trader

Originally a Trader (from cambiare = change) is an operator in charge of buying and selling of currencies by trying, if possible, to make a profit. This was made possible as soon as the currencies became convertible between them.

The job of a trader has changed significantly (good?) Over the past 20 years.

Previously, "Trading Rooms" did not exist. In their place, there was an exchange service where operators were from other departments of the Bank and learned their trade on the job.

There was a time when the market did not involve little risk because the regime of fixed exchange rates.

From the 1970s, profound changes are taking place. They derive the financial crisis, the rise of debt, market liberalization, etc..

Banks have sought new tools to adapt to these changes and to limit their risks.

While the instruments 'classical' still exist, but they appeared side instruments such as options, swaps, futures, etc..

The dealer has become a technician. A good knowledge of mathematics is essential. He must also master the tool that is ubiquitous in a modern trading desk. A number of training can acquire a solid foundation.

The market movements are measuring the speed at which information travels. Traders must have nerves of steel and wit all that much is at stake can be considerable.

As with any business, however, do not forget that the knowledge of any kind, never replace the experience.