-Currency traders, also known as investment banking traders, follow the economic trends concerning the value of India and foreign currencies.
-Currency traders work for clients to either purchase or sell one type of currency for another.
-Through trading different types of currencies during optimal economic periods, traders can help their clients make substantial profits or avoid major losses.
-Currency traders work in a fast-paced, high-stress environment. However, the large amounts of currency they buy or sell can earn them significant commissions.
SCOPE OF CAREER IN CURRENCY MARKET-
There are several people who still invest in the local stock market and in many cases suffer losses because of the extreme unpredictability of the market. However, in the money market, the scenario is completely different, and the international trend in the foreign exchange market can be determined by using different indicators. Forex markets are open 24 hours a day, five total days a week, which means jobs are fast-paced, involve long days and strange work hours.
CERTIFICATION AND COURSES-
CFA , FRM and CMT are recognized certifications world wide for Forex and stock markets. CTA is particularly focussed on Technical Analysis which plays a huge role in Forex. But these are very expensive certifications and require a lot of time commitment and have a huge breath.
FRM is a qualification for risk management professionals, particularly those who are involved in analyzing, controlling, or assessing potential credit risk, market risk, and liquidity risk as well as non-market related financial risks.
There are also certifications being offered by National Stock Exchange - These are called the NCFM Certifications are available in many finance topics. There flagship programme is the Certified Market Professional (NCMP)
Besides this there is a Govt of India Certification on Foreign Exchange and Treasury Markets.
Vskills Certified Foreign Exchange Professional
Vskills Certified Techical Analyst
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