How to apply for the qualification of local currency trader, and what are the requirements?

Local currency traders sign up for the qualification examination online, and then take the examination in the examination room according to the prescribed examination time. After passing the exam, they can get a certificate.

Declaration conditions

(1) Junior foreign exchange trader

1, technical secondary school or finance college with bachelor degree or above;

2, engaged in related work for more than 2 years;

3. People of insight who have certain financial knowledge and are interested in trading in precious metals investment.

(Anyone who meets one of the above conditions can participate in vocational training)

(2) Intermediate foreign exchange traders

1, has obtained the primary certificate and has been engaged in related work for more than 2 years;

2. Have a college degree or above and have been engaged in related work for more than 4 years;

3. Have a bachelor's degree or above and have been engaged in relevant work for more than 3 years;

4. Have a technical secondary school education and have been engaged in related work for more than 8 years;

5. No education, but engaged in related work 10 years or more.

(Anyone who meets one of the above conditions can participate in vocational training)

(3) Senior foreign exchange trader

1, has obtained intermediate certificate, and has been engaged in relevant work for more than 2 years;

2. Have a college degree or above and have been engaged in related work for more than 8 years;

3. Have a bachelor's degree or above and have been engaged in related work for more than 5 years;

4, with a graduate degree or above, engaged in related work for more than 3 years;

5. Have a doctoral degree or above and engage in related work 1 year or more;

6. No education, but engaged in related work 13 years or more.

Extended data:

Foreign exchange trading mode

1. Spot foreign exchange transaction: Also known as spot foreign exchange transaction, it refers to the foreign exchange transaction mode in which both parties agree to handle the delivery within two working days after the transaction.

2. Forward transactions: also known as forward foreign exchange transactions, foreign exchange transactions are not delivered after the transaction, but are delivered at the time agreed in the contract.

3. Arbitrage: Arbitrage refers to a foreign exchange transaction that uses different foreign exchange markets, different currencies, different delivery times and differences in exchange rates and interest rates of some currencies to buy from the low-priced party and sell from the high-priced party to earn profits.

4. Arbitrage: A trading method that uses the interest rate difference between the two countries' currency markets to transfer funds from one market to another to earn profits.

5. Swap transaction: refers to a transaction that combines two or more foreign exchange transactions with the same currency but opposite trading directions and different delivery dates.

6. Foreign exchange futures: The so-called foreign exchange futures refer to futures contracts with exchange rate as the subject matter to avoid exchange rate risks. It is the earliest financial futures product.

7. Trading of foreign exchange options: foreign exchange options are traded in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option fee to the option seller, that is, after paying a certain amount of option fee, the option buyer has the right to buy and sell the agreed currency at the exchange rate and amount agreed by both parties in advance on the agreed expiration date, and the buyer with the right also has the right not to execute the above-mentioned sales contract.

In the future, there will be a foreign exchange trading platform jointly established by banks and internet investment companies to reduce unnecessary costs for personal investment.

References:

Baidu encyclopedia-foreign exchange traders

References:

Baidu encyclopedia-foreign exchange trading