A Forex Trader specializes in the foreign exchange market. Their job is to buy and/or sell currency at the best price. The currency market holds no secrets for the Forex Trader. They closely monitor exchange rates and economic news to make the best decisions.
In most cases, a Forex Trader works for financial institutions such as an investment company or a bank.
A Forex Trader may also work for a company that transacts business in different currencies. For example, a company whose activities are international can hire a Forex Trader to carry out transactions at the best exchange rate, and thus protect itself against fluctuations between the various currencies.
Related Terms
A full service broker is a brokerage firm that, unlike discount brokers, offers financial and investment advice. Like discount brokers, they allow their clients to buy and sell stocks, bonds and other financial products. Read more
A Forex Trader specializes in the foreign exchange market. Their job is to buy and/or sell currency at the best price. The currency market holds no secrets for the Forex Trader. Read more
A financial analyst is a professional whose job is to assess companies’ financial situations. Read more
About The Author: Edouard
Edouard is a financial analyst at Hardbacon. He is responsible for compiling lists of securities that our users can find in the "Explore" section of the application.
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