A forex trader is someone who participates in foreign exchange trading. Forex trading can also be called FX trading for short, and it involves the buying and selling of currency pairs. Forex traders can use a number of different trading strategies, though each trade is intended to create profit for the trader.http://www.investopedia.com/university/forexmarket/

Traders who use technical analysis predict future trends in the forex market by looking at past trends and prices. Trend lines can be calculated based on previous lows and highs for certain currency pairs, and there is a significant amount of data available to traders who want to use technical analysis as a strategy, so many different caluclations and estimations can be made.http://www.investopedia.com/university/forexmarket/forex7.asp

Some forex traders are able to trade full time for a living, either with their own funds or as employees for a financial firm. Since the markets operate 24 hours a day, traders may work unconventional hours to take advantage of opportunities. Forex traders can work in an office, but working at home may also be an option. Stress management and time management skills are critical for being a successful forex trader.http://www.jobmonkey.com/forex/forex-jobs.html

The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.