Foreign Exchange Dealer

Discover Lucrative Opportunities in Foreign Exchange Trading with Our Guidance

About

A Foreign Exchange Dealer is a person that trades in buying and selling of currency. They are also known as Forex Traders. Moreover, a Foreign Exchange Trader buys dollars from one person and sells them to another at a little higher rate and the difference between the buying and selling is the profit that Foreign Exchange Dealers make.

Furthermore, Foreign Exchange Dealers can work individually or be a part of a firm. The Foreign Exchange market is a Global Market and is available 24*7 as well. One has to take up a Forex or Foreign Exchange course that teaches trading as well as skills related to trading in the market of currency.

Eligibility

For Bachelor’s

  • Aspirants need to pass 10+2 with at least 50% marks from any recognised board.
  • Students can opt for a Bachelor's degree in Finance, Foreign Exchange or any other related field.

 For Masters

  • To gain job market knowledge, one can opt for a Master's degree in MBA in Finance, Foreign Exchange or any other related field. 
  • Seekers must look for internship opportunities in order to gain expertise. 

Job Roles

The field of Foreign Exchange Dealer aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Investment Analyst
  • Treasury Dealer
  • Trade Finance
  • Trading Settlement Analyst
  • Financial Researcher
  • Currency Lead
  • Investment Banking Analyst
  • Credit Research Analyst

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Foreign Exchange Dealer field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • MacroHire
  • Kartouche Holdings
  • Shell
  • PhonePe
  • Green Clover
  • Alpha Orion
  • Incred
  • ReNew
  • Medanta
  • Wipro
  • Nexus

Salary

The salary range may vary from company to company, but the salary of a Foreign Exchange Dealer is very impressive in India.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx Rs 3,30,000

Mid Level Salary

Approx Rs 5,10,000 

Senior Level Salary

Approx Rs 8,60,000 

Skills

  • Communication Skills
  • Critical Thinking
  • Organization Skills
  • Decision Making Skills
  • Patience
  • Attention to Detail
  • Numerical Ability

Scope

A Foreign Exchange Dealer is a professional that completes Forex transactions by taking the foreign currency from one person and giving it to another person at a slightly higher charge. They make a profit in between the margin of that transaction. The career scope of Foreign Exchange Dealers is on a rise.

Furthermore, people nowadays are very fond of International trips or they like to collect the currencies of different countries. This is where Foreign Exchange Dealers come into play and help people with their specific needs. One must possess communication skills, be detail oriented as well as have analytical skills in order to flourish in this industry.

Benefits

  • Flexibility
  • Ability to start your own business
  • Rewarding Work
  • Scalable
  • High Margins
  • You are your own boss

Drawbacks

  • Crowded Space
  • Inconsistent Work
  • Stressful
  • Time Commitment
  • Demanding Job