A person working as a Foreign-exchange Trader in South Africa will on average earn $10763 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $10,763.00 |
| Weekly salary | $206.98 |
| Daily salary | $29.49 |
| Hourly salary | $3.69 |
This means foreign-exchange trader salary is above average!
Job Industry: finance
Description: A foreign-exchange trader is a professional who deals with the buying and selling of currencies in the global market. Their main objective is to make profits by taking advantage of fluctuations in exchange rates. They closely monitor economic and political factors that influence currency values, analyze market trends, and execute trades accordingly. Foreign-exchange traders work for financial institutions such as banks, investment firms, or hedge funds, or they may work independently as self-employed traders. The occupation requires strong analytical skills, as traders need to interpret complex data and make quick decisions. They must possess a deep understanding of global economics, finance, and trading strategies. Effective communication and negotiation skills are also crucial, as traders often collaborate with clients, colleagues, and other market participants. The job can be highly stressful, as traders must handle large amounts of money and operate in a fast-paced, competitive environment.
Tagged with: foreign exchange, trading, finance, economics, analysis, risk management