Henry Willis

4 years ago · 2 min. reading time · ~10 ·

Henry blog
How to Pursue a Career in Foreign Currency Exchange

How to Pursue a Career in Foreign Currency Exchange



A currency trader follows the monetary trends relating to the rate of US and foreign currencies. They either buy or sell currency for another. The traders enjoy significant commissions despite working in a stressful and fast-paced environment. If you’re interested in becoming a professional currency exchanger, consider the following suggestions.

Earn a Degree

Candidates interested in investment banking pursue degrees in financial accounting, business, or economics. The programs offer courses in statistics, microeconomics, macroeconomics, international trade, market structure, and public policy. Some institutes provide options in financial marketing and money. Strive to get good grades and make firm connections.

Find an Internship

Students must complete an internship from a banking or financial trading company to graduate. During the attachment, the candidates work under a supervisor. After the program, the students must provide a documented report. This internship will pave the way for future employment, and help you as you develop your professional network. An internship also gives you a unique perspective into the workings of a company and if you truly enjoy the work.

Obtain Necessary License

Currency traders should check with their state laws to determine whether they need a practicing license. The financial control boards highlight the procedure followed to attain the necessary licenses. Bank employers have details on the specific permits required in this profession. Individuals ought to pay the licensing fee to receive the licenses. Depending on where you live and where you intend to conduct business, be sure to obtain this ahead of time so you are not caught in a bind in the midst of a transaction.

Earn Additional Certification

The financial industry is competitive as many traders are offering similar commodities. Employers are likely to hire certified candidates who are different from other applicants. The Chartered Financial Analyst (CFA) Institute is responsible for certifying currency traders. It provides the CFA credential program that includes portfolio management, professional standards, fixed incomes, wealth planning, and financial reporting. Certifications note that you have completed continued extensive training and that you are up-to-date on your specialty.

Maintain Certifications and Licenses

Licensed currency traders should renew their permits upon expiry. The financial control board verifies the renewal processes. Some states require a professional to advance their education to receive the new license. CFA members must complete continuing education course to get the commitment certificates. Keep an eye on expiration dates to ensure that you are not practicing without a valid certificate or license.

Graduate Degree

A graduate degree is necessary for professionals who wish to advance up the corporate ladder. Most learners prefer taking degrees in Master of Business Administration (MBA). Potential MBA programs include information systems, marketing management, operations analysis, and data analysis. Students can specialize in futures and options, emerging market finance, financial innovation, and financial risk management as part of their MBA in finance. Consider consulting a trusted professional in your field to determine the best possible option for your particular career.

Originally published at HenryWillisSwiftFox.com on 15 June 2018


Articles from Henry Willis

View blog
4 years ago · 1 min. reading time

Saudi Arabia’s currency has hit a record two-year low and its international bonds also recently lowe ...

4 years ago · 1 min. reading time

Some individuals get into Forex trading because they think that it’s going to be exciting. While For ...

4 years ago · 1 min. reading time

Start-up companies are up against the odds when they set out to produce a new product or service. De ...

You may be interested in these jobs

  • Plexus

    Intern - Design Assurance (Summer 2023)

    Found in: Talent UK - 3 days ago

    Plexus Livingston Full time

    Be You - Our people create our best Plexus . · Ingrained in our culture of inclusion is the philosophy that each person offers diverse perspectives, backgrounds and experiences that create great outcomes when we are united as a team. · We embrace the differences of all our colle ...

  • Allianz

    Intern Trade Finance

    Found in: Jooble GB - 3 days ago

    Allianz London Temporary, Full time

    Join us. Let's care for tomorrow. At Allianz Global Investors our people enjoy motivating, fulfilling careers. If you are looking for a fast-paced working environment, you are resolved to cultivate and expand your talents and relish a challenge, then join us now · We are committ ...

  • CNN

    Producer, CNN Digital Programming

    Found in: Jooble GB - 3 days ago

    CNN Remote Temporary, Part time

    Every great story has a new beginning, and yours starts here. · Welcome to Warner Bros. Discovery... the stuff dreams are made of. · Who We Are... · When we say, "the stuff dreams are made of," we're not just referring to the world of wizards, dragons and superheroes, or even to ...