Forex Trader

Direct trading services; Sharjah; On-site; AED 120,000 - 200,000; Full time

Job summary

A financial services company in Sharjah is seeking an experienced Forex Trader to analyze market trends, develop trading strategies, and manage risks. The ideal candidate will have a proven track record in forex trading, strong analytical skills, and the ability to work effectively in a team. Candidates should be detail-oriented and willing to adapt to changing market conditions, with relevant finance qualifications being a plus.

Qualifications

• Proven experience as a Forex Trader with a strong portfolio of successful trades.
• In-depth knowledge of technical and fundamental analysis in the Forex market.
• Strong analytical skills and the ability to interpret complex financial data.
• Excellent decision-making skills under pressure.
• Ability to work independently and collaboratively.
• Strong communication skills.
• Detail-oriented with a focus on accuracy.
• Willingness to adapt to changing market conditions.

Responsibilities

• Conduct in-depth market analysis to identify trading opportunities.
• Develop and implement effective trading strategies.
• Monitor and analyze economic indicators.
• Execute trades in a timely manner.
• Manage risk by setting stop-loss orders.
• Maintain accurate records of trading activities.
• Collaborate with team members to share insights.
• Stay updated on global economic developments.
• Provide regular updates to management.
• Participate in ongoing training and professional development.

Skills

Technical Analysis

Fundamental Analysis

Risk Management

Trading Platforms

Market Research

Education

Relevant certifications or qualifications in finance or trading

Job description

We are seeking a skilled Forex Trader to join our dynamic team in Sharjah, UAE. The ideal candidate will possess a deep understanding of the foreign exchange market, with a proven track record of executing successful trades and managing risk effectively. As a Forex Trader, you will be responsible for analyzing market trends, developing trading strategies, and maximizing profits for our clients. You will work closely with financial analysts and other traders to ensure that our trading operations are efficient and profitable.

Responsibilities

1. Conduct in-depth market analysis to identify trading opportunities in the Forex market.
2. Develop and implement effective trading strategies based on market trends and data analysis.
3. Monitor and analyze economic indicators and news events that may impact currency prices.
4. Execute trades in a timely manner to capitalize on market movements and ensure optimal profit margins.
5. Manage risk by setting stop-loss orders and adjusting trading strategies as necessary.
6. Maintain accurate records of trading activities and performance metrics for reporting purposes.
7. Collaborate with team members to share insights and improve trading strategies.
8. Stay updated on global economic developments and their potential impact on currency markets.
9. Provide regular updates and reports to management regarding trading performance and market conditions.
10. Participate in ongoing training and professional development to enhance trading skills and knowledge.

Preferred Candidate

1. Proven experience as a Forex Trader with a strong portfolio of successful trades.
2. In-depth knowledge of technical and fundamental analysis in the Forex market.
3. Strong analytical skills and the ability to interpret complex financial data.
4. Excellent decision-making skills under pressure and a disciplined approach to trading.
5. Ability to work independently as well as collaboratively within a team environment.
6. Strong communication skills to effectively share trading insights and strategies.
7. Proficiency in using trading platforms and tools for market analysis.
8. Detail-oriented with a focus on accuracy in trade execution and reporting.
9. Willingness to adapt to changing market conditions and continuously improve trading strategies.
10. Relevant certifications or qualifications in finance or trading are a plus.

Skills

• Technical Analysis: The ability to analyze price charts and identify patterns that can predict future price movements is crucial for successful trading.
• Fundamental Analysis: Understanding economic indicators, interest rates, and geopolitical events that influence currency values is essential for making informed trading decisions.
• Risk Management: Implementing strategies to minimize potential losses and protect capital is vital for long-term success in Forex trading.
• Trading Platforms: Familiarity with various trading platforms and tools is necessary for executing trades efficiently and analyzing market data.
• Market Research: Conducting thorough research to stay informed about market trends and economic developments helps traders make timely decisions.