The generation of longitudinal currents in a magnetically confined plasma with travelling monochromatic electromagnetic waves of finite amplitude propagating at some angle to the external magnetic field is considered. By averaging over the particle cyclotron gyration period, the kinetic equation for the distribution function of electrons interacting with an electromagnetic wave is derived. This equation is solved for the case of low-frequency waves, on the assumption that the bounce period of electrons trapped by the wave field is small compared to the typical times of Coulomb collisions (in which case, the driving current is largest). From the solution obtained, analytic expressions for the driving current and the absorbed power, which are valid for a wide range of wave phase velocities, are found. The current drive method considered and the method using the wave packet are compared.