Salary.sg Forums - View Single Post - Be a commodities trader
View Single Post
  #20 (permalink)  
Old 08-04-2012, 10:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for the prompt response. My understanding is that there are pure paper traders in commodity firms? i.e. they are not on the ground/involved in the business development (physical) aspect. As they would need to monitor the markets and their trades. Anyone knows how's the pay and prospects?
Not really into the IB side of commodity trading as 99% of ppl won't qualify for them including myself..not trying to say major commodity trading firms like Glencore, Noble are easier..they are definitely tough to break into as well..im looking at smaller/ less prestigious firms from a more realistic point of view. Thanks.
There are definitely pure paper traders in commodities house and major oil companies, but their function is usually purely prop. And prop trading are usually reserved for veterans with solid track record (we call them money printing machines) - it is too risky to give a firm's capital for a young punk to speculate.
Reply With Quote