Forex trading programmers dubai job
As a forex market analyst, you'll have an interest in international news, and report daily on how government and economic changes across the world may influence the value of one currency against another. As an account manager - a role usually reserved for those with an in depth knowledge and working experience of forex - you'll be in charge of making the trades. It's sometimes a risky business, but one that's considered one of the most exciting and adrenaline-pumping positions within financial services.
If you're keen to work in forex, but aren't particularly interested in working for banks, you could consider a career with the regulator, the CFTC. A role at the CFTC is likely to include monitoring behaviors and ensuring that all forex transactions are conducted legally and in accordance with the CFTC rules and regulations. There are also certain skills which are might give you the edge in terms of forex recruitment. For new graduates, an acceptance to work unsociable hours is necessary.
Forex markets are open 24 hours a day between Mondays and Fridays, so work never stops. You may also find it beneficial to speak a different language - conversational if not fluently. While this may make your job easier, and more enjoyable, it could also open doors internationally.
In an increasingly global world, where business is done across borders in different currencies, the impact of exchange rate fluctuations can be considerable. This drives activity in the FX markets which in turn fuels demand for high quality candidates. FX jobs can be found at investment banks , trading houses, commercial banks , asset managers, hedge funds and even some corporate organisations. In FX trading jobs 'spot traders' will enter into immediate transactions on the request of a client.
However there are also FX jobs dealing in currency derivatives, where deals are done now where the currency exchange does not happen until a later date. These include currency futures traded through an exchange and currency forwards conducted over the counter. For someone working within a bank as a Corporate FX - Sales Executive, it is usual to focus on a specific type of client. This might be selling to hedge funds, promoting electronic trading systems to sell on behalf of private clients, or dealing with multinational pension funds.
Those with a niche expertise in the relevant sector will usually gain an advantage when applying for FX jobs. Given that a considerable number of FX jobs involve instantaneous transactions, the requirement is for people who can think on the spot and make well considered decisions, even under immense pressure.
The banks and hedge funds also need to understand and quantify the potential consequences of the currency positions they are taking. This opens opportunities for related roles such as those within risk management.