Responsible for providing financial advice and services to clients in the foreign exchange markets. You must be knowledgeable in the workings of the foreign exchange markets and be able to identify and execute trading opportunities. The dealer’s role is to create and manage a portfolio of foreign currency trades, taking into account the client’s individual needs and preferences. The Forex dealer must also be familiar with the regulatory and compliance issues associated with foreign exchange transactions. You must be able to research new trading opportunities and keep up-to-date with market developments. In addition, you must be able to communicate effectively with clients, ensuring that they are kept informed of any changes or developments in the markets.
Duties & Responsibilities:
- Execute buy and sell orders in the Forex market in accordance with risk management and customer service guidelines.
- Monitor and analyze market trends and economic data, and trade accordingly.
- Maintain relationships with clients, responding to their inquiries, providing them with market updates, and educating them about Forex trading.
- Develop strategies to maximize profits and minimize risks.
- Monitor customer trading activity to identify any suspicious or illegal trading.
- Use trading software to implement trading strategies and monitor their performance.
- Generate and present reports to the management team on the performance of trades and customer accounts.
- Stay up to date on the latest developments in the Forex market, including regulations and industry news.
- Ensure compliance with all relevant laws, regulations, and internal policies.
- Participate in regular training to stay abreast of developments in the Forex market.
Skills:
- Knowledge of foreign exchange trading: The forex dealer must possess a thorough understanding of foreign exchange trading and its related concepts, such as currency pairs, exchange rates, and technical analysis.
- Analytical skills: A successful forex dealer must be able to analyze the market and make fast and accurate decisions based on the data.
- Risk management: The forex dealer must be able to manage risk and protect their investments.
- Excellent communication skills: A successful forex dealer must be able to communicate effectively with clients, brokers, and colleagues.
- IT literacy: A forex dealer must have a good understanding of computers and software used in the forex market.
- Time management: A forex dealer must be able to manage their time effectively and work in a fast-paced environment.
- Negotiation skills: A successful forex dealer must be able to negotiate favorable terms for their clients.
- Compliance: The forex dealer must adhere to the rules and regulations of the foreign exchange market.
- Problem-solving skills: A successful forex dealer must be able to identify and solve problems quickly and efficiently
Job Type: Full-time
Salary: AED3,500.00 - AED5,000.00 per month
Experience:
- MT5 Manager: 2 years (Required)
- FX Platform Backoffice: 2 years (Required)
