When speaking about foreign exchange market and its major importance on the entire financial market, we actually refer to the dealers who perform the working tasks and contribute to its active functioning. If a comparison is made between the broker, who trades with securities on behalf of and for the account of the client and is considered to be more represented category in the economic terminology among the people, and the dealer, who is also a part of the financial markets, but in the segment of trading with foreign payment assets, i.e. currencies. Unlike the brokers who may also work as independent broker companies, the dealers in our country are part of the bank’s foreign exchange markets and the result of their operation is among the more significant items in the realized bank profits. The dealer reaches the decision for sale (at which price and at which moment of the movement at the stock he shall close the transaction) when he believes that he can make the highest profit, which by itself is accompanied by high stress and risk at the same time.
Dealers are trained experienced professionals, who, in addition to the principal activity related to daily trading with currencies, also monitor the current situation at the world markets, as well as the latest data that the economies are publishing, of which the movement of the currencies at the world markets depends on (as are unemployment, inflation, GDP, consumer price indices, etc.)
Under terms of stable Macedonian denar and fixed foreign exchange rate related to the EUR, the attention of the country is directed towards the currencies which are fluctuating and price of which is created freely at the market, and these are being traded on daily basis at the foreign exchange market and clients are using in their transaction. So, for example, the US Dollar, which right after the EUR is the most traded currency for international payments in the country, is monitored via different technical and fundamental analysis in order to predict the movement in the next period, though completely accurate information on the level of the currencies cannot be predicted for the future in general. Same goes for the other relevant currencies listed at the exchange rate lists of each of the banks, as are the Swiss Franc, Australian and Canadian Dollar, and other.
