How to Become a Currency Trader: Step-by-Step Career Guide
Currency traders, also known as investment banking traders, follow the economic trends concerning the value of U.S. 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. The BLS reported that related careers in securities, commodities, and financial services sales could expect only an average increase in job opportunities when compared to all other occupations because buying and selling can be done more quickly by computers than people. Currency traders would likely be subject to the same industry changes.