A cambist is a professional forex trader. The term is derived from the French word 'cambiste', which means 'exchange dealer'.
A cambist is responsible for the management and execution of foreign exchange transactions. They work in banks, financial institutions and currency trading firms.
A cambist needs to have a good understanding of the foreign exchange market and the factors that affect currency prices. They use this knowledge to make informed trading decisions.
A cambist needs to be able to identify market trends and opportunities. They also need to be able to manage risk effectively.
A cambist needs to have strong analytical and problem-solving skills. They also need to be able to work well under pressure.
What is a forex trader salary?
Forex trading is becoming an increasingly popular career choice, and with good reason. Forex trading offers a unique opportunity to make a potentially large income while working from home or anywhere in the world.
However, as with any career, becoming a successful forex trader takes time, dedication, and hard work. Most importantly, it takes a willingness to learn and continuously improve.
So, how much can you expect to earn as a forex trader?
There is no simple answer to this question, as earnings will vary greatly depending on factors such as experience, trading style, and risk tolerance.
That said, it is possible to give a general idea of what forex traders can expect to earn.
In general, forex traders who are just starting out can expect to earn around $30,000 to $50,000 per year. With experience and continued success, earnings can potentially grow to $100,000 or more per year.
Of course, these are just rough estimates and actual earnings will vary greatly from person to person. Some forex traders may earn much less than this, while others may earn much more.
Ultimately, the amount of money a forex trader earns will depend on their own individual efforts and ability to succeed.
How do you Analyse a currency pair?
When analysing a currency pair, traders will look at a number of factors in order to determine which way the pair is likely to move. These factors can be divided into two main categories:
1) Fundamental Analysis
2) Technical Analysis
Fundamental analysis looks at the underlying factors that can influence the price of a currency pair. This can include things like interest rates, economic data releases, and political events. Traders will use this information to try and predict what might happen to the currency pair in the future.
Technical analysis, on the other hand, looks at the past price behaviour of a currency pair in order to try and predict what might happen in the future. This can involve looking at things like support and resistance levels, chart patterns, and indicators.
Which technical analysis is best?
There is no one technical analysis that is better than the others, as they all have their own strengths and weaknesses. Some traders prefer to use multiple technical analyses in order to get a more complete picture of the market, while others may only use one or two. It really depends on the trader's individual preferences and trading style.
Who is the founder of forex? The foreign exchange market, also known as forex, is a decentralized market where global currencies are traded. There is no central location for this market, which is why it is referred to as a decentralized market. The forex market is the largest financial market in the world, with a daily volume of over $5 trillion.
The forex market is open 24 hours a day, from Monday to Friday. The primary participants in this market are the large international banks. Other participants include central banks, commercial companies, hedge funds, and retail investors.
The foreign exchange market was created in 1971 when floating exchange rates began to be adopted. Before that, most countries pegged their currencies to the U.S. dollar. The foreign exchange market is an important tool for companies that conduct international business. It helps them to hedge against currency risk.
Who controls the forex market?
There is no one central authority that controls the forex market. Instead, it is a decentralized market that is made up of a network of banks, hedge funds, and other financial institutions. These institutions trade currencies between themselves and with other financial institutions around the world. The prices of currencies are determined by the forces of supply and demand.