Salary for Securities and Commodities Traders
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Funnily enough, commodity brokers deal in physical commodities. Essentially, these expert traders broker commodity contracts on behalf of companies. Typically working for investment banks, clearing houses and broking companies, trader broker salary trade financial derivatives based on commodities such as oil, gas, metals and trader broker salary products. On a day-to-day basis, commodity brokers are responsible for surveying international markets, conducting research and keeping up-to-date with the latest financial news.
They then get stuck into trading commodities for their clients. Commodity brokers also provide expert advice to their clients, as well as implementing hedging trader broker salary for them. Furthermore, commodity brokers spend a large part of their time visiting suppliers, meeting with trader broker salary, and overseeing logistics arrangements for them.
Finally, they are also responsible for building relationships with potential clients and developing new business opportunities. Brokers are also usually given sizeable bonuses and commission payments based on performance. Aspiring commodity brokers should be trader broker salary for a career with lots of stress and pressure. Expect early starts and late finishes.
Different markets operate at different times, and this will therefore have an impact on your specific working hours. Investment banks, commodity broking companies and clearing houses only tend to recruit the very best graduates. Candidates with a degree in any subject can enter this line of work. If you study a relevant subject, such as business studies, economics, maths, statistics, operational research or accounting, you may stand a better chance of securing an entry-level position.
Completing an internship or trader broker salary experience placement with an investment bank or clearing house is a great idea, and pretty much essential for entry into this competitive area of work. Many commodity brokers start their careers as part of a graduate scheme. These training programmes tend to last around two years. If you are accepted onto a graduate scheme, the majority of your training will be done whilst on the job under the supervision of senior brokers. You will also have the opportunity to attend in-house training sessions from time to time.
Commodity brokers must be registered with the Financial Services Authority before they can start trading, which means passing a number of exams. As you gain more experience and move up the career ladder, you will become an associate and then a senior associate.
Some people eventually move into director-level roles. The international nature of trading means that you may also get the opportunity to work abroad at some point in your career. What about all the good times we shared? Ok, before you go, just tell us one trader broker salary. Cancel account I've changed my mind. Working trader broker salary Aspiring commodity brokers should be ready trader broker salary a career with lots of stress and pressure. You may also be required to travel internationally from time to time.
Entry Investment banks, commodity broking companies and clearing houses only tend to recruit the very best graduates.