Forex Trader

Placements24; Kimberley; Hybrid; CAD 90,000 - 140,000; Full time

Benefits offered by this job

Performance bonus

Hybrid work model

Health benefits

Advanced trading tools

Professional development

Job summary

Placements24 in Kimberley, BC, seeks a skilled Forex Trader to join our dynamic trading desk. You will execute trades, manage currency positions, and contribute to the firm’s overall trading strategy.

The ideal candidate has strong market analysis skills, disciplined risk management, and the ability to perform under pressure in a hybrid work setting. A Finance/Economics degree and hands-on experience with MetaTrader are preferred.

Qualifications

• Proven experience as a Forex Trader within a financial institution.
• Strong understanding of currency markets and trading methodologies.
• Excellent analytical and quantitative skills to interpret market data.
• Demonstrated success in managing risk and achieving P&L targets.

Responsibilities

• Execute forex trades based on trading strategies and market analysis.
• Monitor global news and market sentiment affecting currency prices.
• Analyze technical and fundamental data to identify opportunities.
• Manage risk and implement strategies to protect capital.
• Maintain trading records and prepare performance reports.
• Collaborate with senior traders to refine strategies.

Skills

Forex trading

Market analysis

Risk management

Quantitative skills

Education

Bachelor's degree in Finance or Economics

Tools

MetaTrader

Trading platforms

Job description

About the Role

Our client is seeking a skilled and decisive Forex Trader to join their dynamic trading desk in Kimberley . This role involves executing foreign exchange trades, managing currency positions, and contributing to the firm's overall trading strategy. You will be responsible for analyzing market trends, identifying trading opportunities, and managing risk effectively to achieve profitable outcomes. This position is ideal for an experienced trader with a keen understanding of global currency markets and a proven ability to perform under pressure within a hybrid work setting.

Key Responsibilities

• Execute buy and sell orders in the foreign exchange market based on trading strategies and market analysis.
• Monitor global economic news, political developments, and market sentiment that may affect currency prices.
• Analyze technical and fundamental data to identify profitable trading opportunities in major and minor currency pairs.
• Manage trading positions and implement risk management strategies to minimize losses and protect capital.
• Maintain accurate trading records and prepare performance reports.
• Collaborate with research teams and senior traders to refine trading strategies and approaches.
• Stay current with market developments, trading technologies, and regulatory changes impacting forex trading.

Requirements

• Proven experience as a Forex Trader or in a similar trading role within a financial institution.
• Strong understanding of currency markets, trading platforms (e.g., MetaTrader), and trading methodologies.
• Excellent analytical and quantitative skills, with the ability to interpret complex market data.
• Demonstrated success in managing risk and achieving trading P&L targets.
• High degree of discipline, focus, and the ability to make quick, sound decisions under pressure.
• Relevant degree in Finance, Economics, or a related field is preferred.

Benefits

• Competitive base salary and attractive performance-based bonuses tied to trading profitability.
• Hybrid work model allowing for flexibility between office and remote work.
• Comprehensive health insurance and retirement savings benefits.
• Access to advanced trading tools and technology.
• Continuous learning opportunities and professional development within a fast-paced trading environment.