commodity trader
Commodity traders use negotiation techniques to sell and buy physical goods and raw materials such as gold, cattle, oil, cotton and wheat on the trading floor. They receive and implement purchasing and selling instructions and negotiate the terms of sale and delivery of commodities. Commodity traders do research about market conditions of specific commodities, their price trends and demand in order to inform their employers, they make bid offers and calculate the cost of transactions.
Also called: commodity exchange floor trader, commodities trader, commodity handler, commodities trading manager
- 13
- essential skills
- 14
- optional skills
- 8
- related roles
- 3324
- ISCO-08 group
Where you can go from here
8 rolesOccupations sharing the most essential skills with this one. The number is a count, not an opinion.
- commodity brokerWhat changes?10 skills in common
- foreign exchange trader9 skills in common
- foreign exchange broker8 skills in common
- futures trader8 skills in common
- stock trader7 skills in common
- securities broker6 skills in common
- securities trader6 skills in common
- securities underwriter6 skills in common
Essential skills
13- analyse economic trends
- analyse financial risk
- analyse market financial trends
- commercial law
- economics
- financial jurisdiction
- financial markets
- handle financial transactions
- international trade
- negotiate sale of commodities
- negotiate with stakeholders
- perform financial risk management in international trade
- trading software
Optional skills
14- actuarial science
- banking activities
- financial forecasting
- financial products
- forecast economic trends
- international business
- international commercial transactions rules
- maintain records of financial transactions
- negotiate buying conditions
- negotiate price
- negotiate sales contracts
- operate financial instruments
- statistics
- trace financial transactions
No account needed to start
How close are you to being a commodity trader?
MyNodes reads your CV once, maps it to this same taxonomy, and shows you which roles you are already closest to and the few skills that would open the most doors. The file is deleted as soon as it has been read.