Be a commodities trader

If you are willing to invest time to learn the ropes as an analyst or operations person first starting at avg 3-4k salary. Why not? But then you might not make the cut as a trader ultimately. Will you be ok with that?[/QUOTE]

yeah sounds good for me, but seems that they're not giving chance to ppl like me...

There are many ways to break into the physical commodity industry. But to start with, you will need to understand what physical trading truly means.

Physical trading is not only about looking at screens, it is about managing a supply chain, from doing logistics, to doing risk managing / hedging, to trade and structured financing. It is essentially doing an import and export business.

As for salaries, starting pay is low for entry level staff, but when you move into more senior roles, salary ranges can be high (think base of sgd25k/mth) with amazing bonuses. The reason being, in a commodity industry, the leveraging is extremely high and it is worth paying these salaries for people who can effectively use these leveraging tools.

Market cycles will come and go but it will always reward traders who can find new niche markets and methods to make money. The tools have been very similar all these years, the ones who survive, are the ones who can find new ways of using the same tools.

I am actually looking to conduct a course on physical trading to people who might be interested to branch into this industry with my specialty being in oil.

If anyone is interested, please refer to my website at commoditytradersingapore dot weebly dot com

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Originally Posted by Unregistered

There are many ways to break into the physical commodity industry. But to start with, you will need to understand what physical trading truly means.

Physical trading is not only about looking at screens, it is about managing a supply chain, from doing logistics, to doing risk managing / hedging, to trade and structured financing. It is essentially doing an import and export business.

As for salaries, starting pay is low for entry level staff, but when you move into more senior roles, salary ranges can be high (think base of sgd25k/mth) with amazing bonuses. The reason being, in a commodity industry, the leveraging is extremely high and it is worth paying these salaries for people who can effectively use these leveraging tools.

Market cycles will come and go but it will always reward traders who can find new niche markets and methods to make money. The tools have been very similar all these years, the ones who survive, are the ones who can find new ways of using the same tools.

I am actually looking to conduct a course on physical trading to people who might be interested to branch into this industry with my specialty being in oil.

If anyone is interested, please refer to my website at commoditytradersingapore dot weebly dot com

Originally Posted by Unregistered

advertisement ah

why? i cannot promote my blog meh?

Hi
I would like to know more about getting into becoming a commodity trader, please help.
thanks,
CH

Dear Cheers,
may I know how can I get into this industry i've been searching and looking around but to no success, please help!
thank you.

Regards,
Chris
[email protected]

Originally Posted by Unregistered

Looks like the commodities line is quite quiet or lacking interest. Maybe i post some salary related information and people might get more interested to join. My history has always been in physical commodities with some paper experience.

I started 7years ago as operations assistant in a metals company. Salary 3k. Promoted to junior trader just before i left after 1 year. Slight increment to 3.2k.

Jumped to agriculture sector as junior trader and annual increment exercise salary went up to 3.85k. This is at yr3.

For Yr4, i left the commodities industry for personal reasons and didn't do much work actually. Did my own thing and see more things around the world.

Yr4, i came back into the industry after realising i still love the industry. I got this opportunity through a recommendation. 5.6k.

Yr5, internal increment as did well 7k. Then nearly got poached to go into my previous sector. Discussed nicely with my boss my situation. 10k.

Yr6, still 10k. Left the company after having differing opinions on work with new bosses

Yr7, started in new company 12k.

Above just base salary only.

I realised once i hit about 5-6k. I was contented already. I didn't spend necessarily more when i earned more after that and didn't really need to work for the money. Just worked for enjoying it and love the challenge. Drive a simple car for family use. Can afford some luxuries once in a while. Give more to charity and to church. So pretty happy.

I have been deeply blessed to rise up like that although yes i know there are others better than me but more important is i'm contented with what i have and plan to give more as i earn more as really don't need it. There are still alot of poor and struggling people in Singapore so i donate to charities who target these groups mostly.

Cheers

[warning]

Summer Intern at Noble Group in Tanjong Pagar, Singapore - Job | LinkedIn

Hi all,
I'm interested in getting into this role, but saw the jobsdb ads wanted experienced person. had tried applied a few but no reply, any advice to help? thank you.

Regards,
CH
[email protected]

Hi,
I'm interested in getting into this role, but saw the jobsdb ads wanted experienced person. had tried applied a few but no reply, any advice to help? I'm alright with the learning and starting pay, thank you.

Regards,
CH
[email protected]

Originally Posted by aplover

I don't think your mgmt will really change. I left my previous company becoz I know they will not change on this pt. today I'm glad I moved and my value is a lot higher than some of my peers who stayed. Agree it is a combination of factors but fair compensation is very crucial which will determine your next few jumps.



There are. Quite a lot on jobsdb.com n others



If you are willing to invest time to learn the ropes as an analyst or operations person first starting at avg 3-4k salary. Why not? But then you might not make the cut as a trader ultimately. Will you be ok with that?

how many months of bonus can one look forward to as a physical broker/trader? as a new joiner