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.
24 Comments
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
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.
Commodities TRADER and commodities BROKER and 2 VERY different jobs…
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
Hi,
Can someone enlighten me what is the differences between trader,broker and dealer?
hi can i know what should I do to have a head start to become a trader
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.
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
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.
greedy
Hi
I am an experienced trader. Like to trade for others either on individual or institutional basis. pls reply
how much return can you consistently generate? any proof?
Hi,P’ple,
I am going for a job interview for commodities trading trainee broker. What should i be expecting as trainee in terms of job scope and salary expectation? I hold a degree in arts and I had be working for 5 years in administrative role.
JPM?
Hi Shirley,
Given that you’re an arts grad..i was kinda surprised by your last sentence..”..and I had be working for 5 years in administrative role” It may seem very trivial, but it tells me that u’re not going to JPM..
So if it’s a brokerage, my guess is your basic salary is probably ard $2.5k +/- given that you have no relevant experience. This is excluding your commissions/bonuses if it’s a sales role.
A commodities broker, in short, is expected to build up a client base to trade commodities derivatives such as futures/options through you. A lot of relationship building and entertainment involved. Also, there are different fields of commodities such as soft commodities, energy, metals etc and you’re expected to read up and understand the field you will specialise in.
hi i am a commodities future trader (Arbitrager) can any job in Singapore regarding Commodities Future trading
Hi does anyone knows how to start as an oil trader in Singapore?
Dear friends,
After successfully trading commodities for 15 years, I have decided to leave behind all worldly pleasures to join a monastery. God bless all of you.
JZ
Why bother working for trading firms, investment banks etc. If you are a smart commodity/forex trader, you can easily earn a few thousands every month. Being smart trader has absolutely no correlations with your IQ or paper qualification.
I have been looking into buying a trend predictor that works on commodities. Has anyone had an experience using a trend predictor? any help would be great!!!
iam exprience in indian mcx market about 5 years iwant a dealing job in singapore what can i do