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Image of career: Foreign Exchange Dealer

Foreign Exchange Dealer

Overview

Foreign exchange dealers identify profit-making opportunities by studying global markets and making currency trades.

Description

  • Analyse key industry challenges and scenarios that affect the foreign exchange markets.
  • Check for any risks of loss from market activities and determine if those risks can be reduced.
  • Monitor changes in currency prices and evaluate foreign exchange markets to identify trading opportunities.
  • Price foreign exchange products and assets to provide price quotes to clients.

Entry requirements

  • You'll need at least a Diploma or Bachelor's degree in Banking and Financial Investment, Banking, Insurance and Financial Services N.E.C. (Including Computational Finance) or related fields.
  • This isn't typically an entry-level role - you'll need prior experience in market analysis to get started in currency trading.

Salary

$4,000 – 7,000

/mo

Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.

Trivia

Despite global uncertainty, the Singapore Dollar reached an 11-year high in 2026. By making trades that balanced sudden surges into the US dollar, foreign exchange dealers helped fight inflation.

What to expect

Your main job involves trading currencies in the foreign exchange market. To make informed decisions, do stay updated on global economic trends and geopolitical events.

Soft
skills

Analytical Skills

Ability to analyse market data and economic indicators to forecast trends.

Multi-tasking Ability

Able to manage multiple tasks and stay organised in a fast-moving industry.

Global Perspective

Possess good understanding of global markets to predict market trends.

Adaptability

Able to react quickly to market shifts to secure profits.

Foreign Exchange Market Knowledge

Possess an understanding of how foreign markets, economics, trends, and politics affect trading decisions.

Trading Performance Analysis

Ability to track daily profits and losses, adjust strategies, and improve outcomes.

Hard
skills

Frequently asked questions

Unlike what you see on TV, you won’t stare at market graphs all day. It depends on your company’s expectations - some do day trading, while others focus on night trading or long-term positions.

FX stands for Foreign Exchange and foreign exchange dealers make trades in the market, making them FX traders.

Foreign exchange trading involves buying and selling currencies to profit from changes in countries’ exchange rates.

The environment may be tiring and demanding since the foreign exchange market moves and changes quickly.

To navigate the complex currency market, they use a combination of market analysis, protection strategies, diversification, constant monitoring, and clear polices.