Head Trader

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Definition of 'Head Trader'

A head trader is a senior-level position in the financial services industry. Head traders are responsible for managing a team of traders and overseeing all aspects of the trading operation. They are typically responsible for setting trading strategy, allocating capital, and managing risk. Head traders must have a deep understanding of the financial markets and be able to make sound investment decisions under pressure. They must also be able to motivate and lead their team effectively.

Head traders typically have a bachelor's degree in finance or a related field. They may also have an MBA or CFA designation. Head traders typically have several years of experience in the financial services industry, working in a variety of roles such as trader, analyst, or portfolio manager.

Head traders earn a high salary, typically in the six figures. They also receive bonuses based on the performance of their team or the firm. Head traders work long hours, and they may be required to travel frequently.

Head traders play a vital role in the financial services industry. They are responsible for making investment decisions that can have a significant impact on the performance of their firm and their clients. Head traders must be highly skilled and experienced in order to be successful in this role.

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