Quote:
Originally Posted by chocobobo
Hi all,
I have just recently graduated.
I am totally clueless about the job scope of a trader but hopefully somebody can enlightened me.
I tried to google some of the question but do hope somebody can correct me if I make mistake.
1) Is trader a sale-based job?
• I have the perception that trading is not really a sale-based job.
Sale related responsibility are done by broker instead.
Am I right?
2) What is the differences between trader and broker?
3) Do trader do physical and paper trading?
And what are being done in the trading process?
4) What is the general starting pay of a junior crude oil trader?
5) Which are the famous and big companies that are focusing on crude oil trading?
Thanks in advance for those who reply to this.
You're awesome!!  |
Hi, poor TS.. I'll try to help a little here.
The reason why you're getting so many negative remarks is because it is extremely difficult to get an Oil Trader role. You can interpret it this way: "If you don't even know the basics (as per your questions) by now (that you have graduated), you shouldn't even think of being one at all (considering that it'll be a far-fetched dream)".
Saying that, i wouldn't say that it is impossible for you to be an Oil Trader in the future. Again, I will emphasize that it will be extremely difficult to be one.
An Oil Trader is a trader - you trade oil. For example, recently, the market has seen many Oil Traders taking the opportunity of today's low prices by: Buying oil at spot ('today's price') and storing them in Oil storage tanks, with the view that prices will rise in the future.
Some of the big names include: Trafigura, Noble, Mercuria, Cargill, Glencore and Vitol. I will emphasize again that the Oil Trading Graduate Roles in these companies are extremely competitive to get into. I'm trying not to discourage you here, but it is to your benefit for me to be honest with you: Your chances of getting into these roles if you apply to them now (considering your current knowledge) is next to none.
If you know that you really want to be an Oil Trader, these are some of my suggestions of the possible paths that you can take:
- Read extensively about the markets and apply to those roles once you're proficient.
- Enter the support roles in those companies, and network your way up.
These paths do not guarantee you a Trader role, but it will increase your chances of becoming one in the future.
Good luck.