Modification History
Not applicable.
Unit Descriptor
Unit descriptor |
This unit describes the performance outcomes, skills and knowledge required to assess clients' needs and prepare appropriate trading strategies. This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body. |
Application of the Unit
Application of the unit |
This unit applies to job roles in the financial markets trading and dealing sector. |
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Analyse client position, risks and needs |
1.1. Client's needs and objectives are obtained and confirmed 1.2. Market and product focus of the advice to the client is determined 1.3. Market opportunities for a client are analysed utilising appropriate analytical tools, technical analysis , fundamental analysis and quantitative methodologies 1.4. Trading opportunities for the client are identified with justification provided as required |
2. Manage the organisation's legal risk on client transactions |
2.1. Risks in the strategy are identified and explained to the client 2.2. Sources of legal risk for the organisation arising from the advice and the advising process are identified 2.3. Advice is developed in accordance with organisation's policies , guidelines and the legal and regulatory framework |
3. Execute trading strategies for client |
3.1. Entry and exit levels and conditions for the proposed strategy are determined 3.2. Appropriate order types for executing the strategy are identified 3.3. Appropriate money management solutions for trading strategy are established 3.4. Ongoing advice, including adjusting trading strategy where warranted is provided to the client |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the ability to:
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Context of and specific resources for assessment |
Assessment must ensure:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
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Guidance information for assessment |
Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
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Technical analysis is: |
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Fundamental analysis involves: |
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Quantitative methodologies may: |
could also involve:
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Financial markets risks may include: |
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Strategy |
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Organisation's policies and guidelines may be outlined and reflected in: |
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Legal and regulatory framework may include: |
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Money management solutions for trading strategy may include: |
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Unit Sector(s)
Unit sector |
Financial markets |
Competency field
Competency field |
Co-requisite units
Co-requisite units |
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