Career Profile

Forex or currency market is the easiest to access for any interested trader without any restrictions for at the time of enrolment for trading. Hence, it is recommended for those persons eager to make profitable earnings in the currency exchange. To excel in a forex trading career, you will need to be comfortable in a high-stakes environment and prepared to handle appropriate levels of risk in your trading. With large amounts of capital and assets on the line, having a calm and steady demeanor in the face of ebbs and flows in currency markets can be helpful. A forex trader buys one currency while selling the other. For example, a trader buying the EUR/USD pair is long the euro (EUR) and short the U.S. dollar (USD). And the rate is simply the ratio—the numerator over the denominator. Other actively traded pairs include USD/JPY, GBP/USD, USD/CAD, AUD/USD, and NZD/USD. Major currency pairs consist of any two of the following currencies: