Are you an Employer?    Attract the Best Candidates with Smart Job Postings!
Search Trading Resumes
The Largest Collection of Jobs on Earth | TradingCrossing
Need Help? Call (800) 680-7345  

Job Seeker Login   Employer Login 

Job Seekers? Try it Now  

Search Trading Jobs
Browse Trading Jobs
Post Trading Jobs
Attention Employers - Only EmploymentCrossing Posts Your Jobs to Over 500+ Other Job Sites. TRY IT FREE!
Trading Jobs >> Trading Articles >> Trading Career Feature >> Becoming a Commodity Trader
  • Trading Career Feature

Becoming a Commodity Trader

Printable Version PDF Version Email to a Friend 27 Views
Commodity traders are the ones who buy and sell raw commodities. Commodity markets have no connection with the actual market. The Chicago Board of trade is the largest commodity exchange. The local commodity exchanges are called boards of trade and commodity markets. People know quite a bit about stock trading but not many know about trading commodities. Trading commodities can be an excellent career but only if you have a true interest in it.

Commodity brokers do trading for the company they are employed with. In commodity trading firms there are certain people who conduct actual transactions and face brokers. They determine the prices and quantity to be bought or sold using hand signals. Then there are desk traders who are supposed to keep track of prices that keep changing and send instructions to exchanges in different parts of the world and to floor traders as well.

Being a commodity trader, you need to speculate the price of a commodity at a specified date in future. Traders are continuously in touch with their clients and on that basis commodities are bought and sold. Brokers work for long hours under pressure situations. This is because due to different time zones the commodity markets are always open in some part of the world.

The work environment of commodity trading is different each day. Every day is a new day as the market is volatile. To be a commodity trader, you need to be a very confident and an assertive person who can make quick decisions. You must also possess market research and analytical skills. Commodity trading firms also have a dedicated department that does just market research and analysis.

To be a commodity broker, you need to have a license that can be obtained by registering with the National Futures Association (NFA). There are certain exams that need to be passed that include the Series 3 examination. This will test your knowledge about all key aspects of commodity trading.

Once you pass the test, you need to fill out an 8-R form. This form covers all important details about your life history, residential history, criminal history, if any, and disciplinary actions taken against you if you happen to have a license for other financial jobs.

Commodity trading does not happen in stock brokerage firms. Being a commodity trader is an excellent profession for those who are really interested in it. In terms of education, you must possess a degree in accounting, economics, mathematics or any other related degree. Formal education however is not a compulsion but definitely gives one an extra edge. With experience, one can close profitable deals.

The initial couple of years can be a little difficult when it comes to commodity trading. However, if you are able to sustain the initial few years this can be a very rewarding profession.

You must register at a Trading Jobs portal to find a suitable commodity trading job. You must ensure that the job site is reliable and your resume is professional. Apply for all suitable commodity trading jobs and follow-up promptly. Best of luck in your search!

If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.

Popular tags:

 stock trading  commodity brokers  commodity trader  brokers  commodity markets  commodity  floor traders

Facebook comments:


Comment not found for this article.
add comments

Related articles

 Work Trade Jobs: Facts You Need to Know about Commercial Fishers’ Trading Jobs
 The Complex Trading Jobs in Franchising
 How to Explore Money Making Opportunities in Commodity Trading
 Careers in Financial Commodity Trading
 Trader Jobs
 Skills to Enhance Your Career as a Sales Trader
 How to Become a Forex Trader
 How to Become a Trading Support Specialist?
 How to Be a Day Trader from Home
 How to Get a Job as A Wall Street Trader

You've Always Been in Charge: Now Take Charge of Your Trading Career

As a hard-working and dependable natural leader, you have always wanted to do things "right". We share your dedication to excellence. Our mission is to research and consolidate jobs from every trading career page, company and organization career page, and every other source we can find. Our dedicated staff of job researchers has no tolerance for inefficiency or incompetence. We want to make sure you know about every possible job opening in the trading field.

In order to ensure that we bring you unbiased results and meet our own high standards, we will never accept any money from an advertiser for job postings. The job listings you see are the results of our own exhaustive research and will never be influenced by outside sources.

We give you the tools to pursue your career options in an ordered, structured and thorough manner.
Tell us where to send your access instructions:

Your Email:     
total jobs
on EmploymentCrossing
new jobs this week
on EmploymentCrossing
job type count
on TradingCrossing
top 5 job searches

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.