em junior trader interview on monday
i sent in my resume and the hr lady got back to me pretty quick so here i am. what can i expect in an em fx junior trader interview? i read up about the role so i am expecting to learn on the job from the bottom, i'll be doing everything like getting coffee or making print outs but i won't be making any trades for a year or 2 or perhaps never. (i heard that in some places the junior does not progress onto senior trader, their sole purpose is simply to help the senior guy)
nonetheless, i would be very happy just to be someone's wingman on the floor even if its getting coffee for the big boys so i am really keen to impress them with whatever they are looking for. take me for a fool, i would listen to any advice even if it's something im expected to have already known. much appreciate it fellas.
As an aspiring trader, I would say that a reasonable interview for a Junior FX Trader position should mostly spin around the causalities behind the currency pair movements. At least that is what I would expect. Given the fact that it is a Junior role and there no chance that you would be trading on your own during the first few months (is this your assumption or mentioned in the job description?), it is almost a given that there will not be any tough questions related to Technical Analysis.
All in all, if there are no crazy requirements in terms of previous experience and knowledge it would make sense for them to test your logical thinking and see whether you understand the market.
My 2 cents, hopefully I am not misleading you or completely wrong. Good luck!
I would have an opinion on the forecast of EURUSD, GBPUSD, and USDCAD for FY2015 and 2016. Know some of the geopolitical events going on and how that might impact in the short term. Be able to speak to some of the events going on next week (ISM MFG Index, Intn'l trade, Jobless and Emp Reports) and what each would mean to the economy and rate hike expectations.
If the company publishes their reports somewhere I would read through some of them as well.
Hope that helps.
If this is a buy side role, since it is EM it may help to know which currencies trade deliverable and which are NDF, which trade T+1 and which trade T+2. how to roll balances, which side, forward points, etc... You don't need to express a view on fx macro... In fact, that would hurt you. They don't want some kid thinking he is smarter than the PM. however, one piece of advice: know that anyone can trade fx, it is not rocket science...they likely are looking for someone they can count on to cover a shift when someone is out, work an overnight shift occasionally, pickup the slack when things are busy....that should be your pitch. They will try to weed out those whom they think won't stick around, will just use it as a stepping stone for somewhere else in the firm, etc..
I'd echo comments above and say you MUST have an opinion of a few currency pairs and the broader economy/markets in general. You will be asked in some form or other about your opinion on the markets and the broader macro economy. There are no right or wrong answers here...key is to justify your opinion in a sound and rational way.
On my trading desk, as traders, be it fx, ft or equities, taking a view will get you in trouble. ESPECIALLY a junior.... If the PM sends an order to buy a yard of THB, your job is to execute the order quickly and with the least slippage. If you hold off executing the ticket because your view, thinking it will come your way and it goes in your face instead...expect an angry PM ripping you a new one....
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