Whats the difference

KieranS

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Hi Guys,

I was wondering if you could tell me the difference between an FX Trader and an FX Dealer?

from the two job descriptions i have been sent they look very similar and i was wondering if one was better than another.

Thank You
Kieran
 
Very little in practice, although it will depend on the company. A trader will look to make a living from trading the markets, whereas a dealer will act as a broker / market maker. In practice, the two are likely to be similar - a dealer may be instructed to deal for a particular position and a trader may take on some of his position through passive trading. Really depends where they are, but the terms are more often than not used interchangeably.
 
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