Foreign Currency Trader (Bank)
がいこくしきんトレーダー（ぎんこう）
Industry & Occupation
Classification
- Major : Sales and Marketing Occupations
- Middle : Sales-Related Occupations
- Minor : Other Sales-Related Occupations
Summary
A profession that buys and sells foreign exchange and foreign currency-denominated financial products at a bank to pursue profits.
Description
Foreign Currency Traders (Bank) engage in buying and selling in the foreign exchange market and foreign currency-denominated financial products (such as foreign bonds and derivatives), taking on the role of maximizing the bank's profits. They analyze macroeconomic indicators and political risks, executing orders at appropriate timings. They collaborate with internal sales departments and risk management teams to adjust positions, utilizing hedging and covering trades to control risks. Judgment and speed to respond to market volatility are required, and cases utilizing the latest technologies such as algorithmic trading and program trading are increasing.
Future Outlook
With globalization and technological advancements, demand for algorithmic trading utilizing AI and big data is increasing. Demand for specialized personnel with advanced quantitative analysis skills will remain high.
Personality Traits
Calm and composed / Curious and inquisitive / Excellent judgment / High risk tolerance
Work Style
Career Path
Market Analyst → Junior Trader → Senior Trader → Chief Trader → Dealing Department Manager
Required Skills
Financial Products Knowledge / Market Analysis / Risk Management / Trading Platform Operation
Recommended Skills
Economic Indicators Analysis / English (Finance) / Excel (Advanced) / Programming / Time Series Analysis
Aptitudes (Strengths Preferred)
| Item | Description |
|---|---|
| Adaptability | Because quick adaptation to sudden market fluctuations and external factors is necessary. |
| Analytical & Logical Thinking | Because it requires analyzing vast amounts of market data and making logical trading decisions. |
| Attention to Detail & Accuracy | Because precise attention to minute price fluctuations and contract terms is required. |
| Learning Agility & Knowledge Acquisition | Because market environments and financial products change rapidly, and continuous learning is essential. |
| Numerical & Quantitative Analysis | Because advanced quantitative analysis skills are required for exchange rate and position calculations, and risk measurement. |
| Problem Solving | Because rapid response in sudden market changes, optimal hedging, and position adjustments are necessary. |
| Stress Tolerance | High stress tolerance is needed because handling large amounts of funds where split-second judgments directly impact profits and losses. |
Aptitudes (Weaknesses Acceptable)
| Item | Description |
|---|---|
| Physical Stamina & Endurance | Mainly desk work with low physical demands. |
Related Qualifications
- Banking Business Certification (Foreign Exchange Operations)
- CFA
- Financial Futures Trading Qualification
- Securities Representative Type 1
Aliases
- FX Trader
- Foreign Exchange Trader
- Forex Dealer
Related Jobs
- Bond Trader
- Derivatives Trader
- Stock Trader