What is a 'Cambrist'

A cambrist is a person with expertise dealing with foreign exchange markets. While the term implies above-average knowledge, it does not describe any type of standard certification.


A cambrist understands how to deal with foreign currencies and currency exchange markets. They may participate in forex trading or they may simply study the economic factors that affect currency movements. Economists interested in international markets, seasoned forex traders and economists with related specialties generally fall under this category.

Foreign exchange markets exist to allow investors to buy and sell pairs of foreign currencies. Trades use a combination of a long position in one currency and a short position in another, and the price of each pair stems from the relationship between the value of the two currencies involved. In practical terms, forex traders make a short sale to finance a long position in a paired currency. They realize a profit or loss when they unwind the positions.

Interactions between currency pairs can be complicated by the way each country values its currency and by both micro- and macroeconomic issues. Conditions in global and regional capital markets and bond markets play a role in forex trading, as do activities related to international trade, political situations, and a combination of overall economic activity along with countries’ fiscal policy. That adds up to a lot of complicated information for a prospective cambrist to study and follow.

Forex-Related Certifications

While cambrist is a general term, certifications and licenses testifying to the abilities of forex experts do exist. The Series 34 Retail Off-Exchange Forex Exam, administered by the Financial Industry Regulatory Authority (FINRA), tests traders’ knowledge of terms, calculations, risks and concepts related to foreign exchange markets. Individuals who pass the exam qualify to engage in off-exchange retail forex transactions either as an individual or for a firm. Those who pass the exam, which consists of 40 multiple-choice questions, become known as a forex associated person, or forex AP.

Forex traders looking to sharpen their skills can also look to a variety of certifications that provide a grounding in applicable skills. Financial Risk Manager (FRM) programs, for example, provide a strong grounding in risk modeling and management, highly useful skills for forex traders. For those looking to beef up their technical chops, the grounding in technical analysis provided by Chartered Market Technician programs can provide practical knowledge when analyzing price movements and seeking predictive patterns in charts. For those seeking more broadly applicable training, the Chartered Financial Analyst certification offers a basic grounding in the fundamentals of portfolio management, which in turn depends upon management of foreign exchange.

  1. Forex Analysis

    Forex analysis describes the tools that traders use to determine ...
  2. Foreign Exchange Market

    The foreign exchange market is the forum in which traders can ...
  3. Series 34

    The Series 34 is an exam and license required for individuals ...
  4. Forex - FX

    Forex is the market in which currencies are traded.
  5. Forex Futures

    Forex futures are contracts which fluctuate as the underlying ...
  6. Forex Hedge

    A forex hedge is a foreign currency trade that's sole purpose ...
Related Articles
  1. Trading

    Forex market: Who trades currency and why

    The forex market has a lot of unique attributes that may come as a surprise for new traders. Learn more about who trades foreign currencies and why.
  2. Trading

    Top 5 Forex Risks Traders Should Consider

    With a long list of risks, losses associated with foreign exchange trading may be greater than initially expected. Here are the top 5 forex risks to avoid.
  3. Trading

    Forex or Stock Trading: Which Works for You?

    Even though the odds favor stock trading, forex trading has several advantages to offer a particular type of investor.
  4. Trading

    Forex Tutorial: The Forex Market

    In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market.
  5. Trading

    Understanding Forex Quotes

    When trading in forex, all currencies are quoted in pairs. Find out how to read these pairs and what it means when you buy and sell them.
  6. Trading

    The Pros And Cons Of Trading Forex In An Overseas Account

    The Dodd-Frank Act of 2010 could impact whether overseas accounts benefit FX investors.
  7. Trading

    6 top-traded currencies and why they're so popular

    Every currency has specific features that affect its underlying value and price movements in the forex market. Learn why these currencies are especially popular for trading.
  8. Trading

    The Currency Market Information Edge

    Unique features of the forex market may allow larger players to get a jump on smaller ones.
  9. Trading

    Getting started in forex

    Before entering the foreign exchange (forex) market, you should define what you need from your broker and from your strategy. Learn how in this article.
  1. What does rollover mean in the context of the forex market?

    In the forex (FX) market, rollover is defined as the process of extending the settlement date of an open position by rolling ... Read Answer >>
  2. How do you Fund a Forex Account?

    Forex traders are usually given several options when deciding how to deposit funds into trading accounts, learn how and what ... Read Answer >>
  3. How do I use an arbitrage strategy in forex trading?

    See how forex arbitrage acts upon opportunities presented by pricing inefficiencies through the buying and selling of different ... Read Answer >>
  4. What is foreign exchange?

    Foreign exchange is the conversion of a country's currency into another. In a free economy, a country's currency is valued ... Read Answer >>
Trading Center