Be a commodities trader
May 10th, 2007
SMU has launched a course in commodities trading for its students, reported the Business Times today.
Students get to learn about things like agri-commodities, oil and energy products, transhipment of commodities, financing, and management of credit and operational risks.
I think it’s a good start.
As mentioned previously in the top 100 jobs in Singapore, the 75th-percentile commodities futures broker can make $10,000 per month. And this excludes bonuses and commissions.
I am confused about MO, registrar, specialist/consultant. I read the...
Libra Says:
May 15th, 2007 at 6:33 pm
Hi there,
Am working as an IT manager for 5years now and thinking of switching to another job nature. What qualifications/education/knowledge do I have to pursue to become a commodities trader?
Looking forward to your reply.
Rgds,
Libra
admin Says:
May 15th, 2007 at 7:51 pm
Hi Libra,
The short answer is that if you know the right people, you can get in pretty easily. I know of airline stewardesses who switched to commodities trading simply because of friends’ recommendations.
Qualifications are secondary. Really.
So, do you have friends in this line who can help you?
Wishing you all the best.
eugene Says:
June 1st, 2007 at 1:32 am
Commodities TRADER and commodities BROKER and 2 VERY different jobs…
Alan Tan Says:
June 20th, 2007 at 12:45 am
Hi there,
I am an engineer. Decides for a career switch. I knew that academic qualifications are secondary to become a commodities trader. But that could also work against me, cause there is nothing you can work towards to embark on this career. Usually people who get into this lines are through friends. If a company is looking for one, usually it must come with prior experience. I would like to learn more about this line. Please revert. Thanks.
Alan Tan
admin Says:
June 21st, 2007 at 12:44 am
Hi Alan, it’s quite hard if you do not know of people who can pull you in.
If money is the motivation (nothing wrong with that), you might wish to look at alternative income sources while “working towards” or simply waiting for the commodities opportunity to happen.
Or you can further your education, not just for education’s sake, but more for the purpose of knowing more people.
Modern Man Says:
May 29th, 2008 at 8:36 pm
Hi,
Can someone enlighten me what is the differences between trader,broker and dealer?
Charles Says:
July 22nd, 2008 at 4:48 am
hi can i know what should I do to have a head start to become a trader
Kenny Says:
August 5th, 2008 at 3:24 pm
A broker is a middleman.
A trader on the other hand does trading on commodities (buy\sell)
There are 2 types of traders. Proprietary traders and market traders
Prop traders basically buy\sell accordin to what they think will be profitable.
Market traders maximise profits from trade requirements set by their sales team.
Dealer is usually an interchangeable term for trader.
mike Says:
August 23rd, 2008 at 2:57 pm
Hello
Can I check are there any difference between start point 1: Students get to learn about things like agri-commodities, oil and energy products, transhipment of commodities, financing, and management of credit and operational risks.
start point 2; commodities futures broker
Wong Says:
January 22nd, 2009 at 9:51 am
Hi,
So does a broker make more money or the trader does? And what is the job scopy of a broker and a trader? Or should i say what is the differeces.
Jan Janostak Says:
January 30th, 2009 at 9:25 pm
greedy
jublee Says:
January 17th, 2010 at 10:08 pm
Hi
I am an experienced trader. Like to trade for others either on individual or institutional basis. pls reply
query Says:
January 18th, 2010 at 10:11 am
how much return can you consistently generate? any proof?