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Banking,
Finance & Insurance
Coffee Trader - on another page in On the Job
Related Jobs or
Working with these Jobs Bring together buyers and
sellers of commodities and help negotiate sales. Commodities traders negotiate and arrange the sale or purchase of physical goods or raw products such as gold, natural gas, livestock, electricity or coffee. They research and obtain information about particular commodities and market conditions, correspond with their clients about the purchase and sale of these commodities, negotiate delivery, condition, and other settlement guarantee details, and calculate and record the cost of transactions. They may also be involved in spot trading, where the delivery of goods takes place immediately, as opposed to future delivery, which is the way other commodities trading is undertaken.
ANZSCO ID:
222111
AWI Superfine - The
Broker
Knowledge, skills and attributes Suited for those with a good customer service skills and excellent communication. Knowledge of economics, accounting, commodities, stocks, shares and financial markets is required.
Duties and Tasks
Working conditions 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.
They work for stock broker
firms or futures commission merchants (FCM). Their work is
fast-paced and they must make quick decisions about trades based on
client interests and market trends. Commodities traders generally spend most of their time in trading rooms or commodities exchanges, but may also work in office environments. Many commodities traders also travel to meet with clients. They usually work long but regular hours that coincide with the hours that commodity exchanges across Australia or overseas are open. They may have to sit or stand for long periods of time, and when working in commodity exchanges their work environment may be stressful. Although they mostly work in cities, they may work independently from finance companies and can therefore work in other parts of the States or Territories.
Tools and technologies Commodities traders spend a large amount of time on the phone. They also use computers, in particular financial tracking and data management software. They also use mobile phones and laptop computers to stay in touch with their clients and key contacts while they are travelling or away from the office.
(Source: was at MiTrade)
Education and training/entrance requirements To become a commodities trader you usually need to study a degree in commerce or business majoring in accounting, commerce, economics, finance, financial planning, or actuarial science. Most universities in Australia offer relevant courses. Some businesses are looking for people with degrees in math, engineering, and hard sciences rather than simply those with finance backgrounds.
Commodity traders who provide personal advice to retail clients
about commodity sales or purchases must adhere to the professional
standards for financial advisers introduced by the Australian
Government on 1 January 2019*.
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or Working with these Jobs
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