Overview
Commodities traders are independent agents who work with buyers to negotiate sales of any number of commodities. They orchestrate and negotiate private sales or sales through established marketplaces.
Work is usually in an office but there may be travel to meet with clients or to bid at a stock exchange or trading floor.
Suited for those with a good customer service skills and excellent communication. Knowledge of economics, accounting, commodities, stocks, shares and financial markets is required.
Day-to-day
- monitor commodity prices, trends and other factors affecting the supply and demand for commodities
- build relationships and contacts within relevant industries
- maintain up to date knowledge of developments within relevant industries
- negotiate the purchase and sale of commodities such as grains, wool, minerals and metals.
Considerations
- Stressful
To become a Commodities Trader
Formal qualifications are usually required, most often through higher education.
Find a bachelor in commerce or economics
Find a bachelor of actuarial science
Take a Bachelor of Accounting
Take a Diploma of Accounting
Apply for a job as a commodities trader
Skills employers are looking for
