Be a commodities trader

[ook]

Originally Posted by Unregistered

Hi, my name is Eddie and i'm seeking new career opportunities in commodities industry, diploma holder in business management, I dun have past experiences and does not set align perfectly for Commodities Trading.

could anyone bros help me or job offer please. Appreciated : ) I dont mind any commodities.
drop me @ [email protected]

I have applied for 2015 Commodities Trainee Noble Global Associate Program, have anyone applied? when and how will i get into the program?

if i'm not wrong the requirement for the noble program is at least a uni degree?

hi can i know what are the exit opportunities for commodities trader? correct me if i'm wrong since I don't work in this line but is career progression relatively flat? since one just trades and trades

noob question, do commodity houses assign a commodity to a fresh grad based on his personality/knowledge??? or is it done completely random

Originally Posted by Unregistered

noob question, do commodity houses assign a commodity to a fresh grad based on his personality/knowledge??? or is it done completely random

tat depends on vacancy and interest. if you don't like to trade coffee but there's a vacancy, you won't last long.

Originally Posted by Unregistered

tat depends on vacancy and interest. if you don't like to trade coffee but there's a vacancy, you won't last long.

ah icic, let's say if there are 2 vacancies for 2 commods, will the fresh grad get to decide or his boss picks for him?

Originally Posted by Unregistered

ah icic, let's say if there are 2 vacancies for 2 commods, will the fresh grad get to decide or his boss picks for him?

As with all organisations, typically there is no hard and fast rule. You can make your intentions known, but the final decision will always come from your boss.

Originally Posted by Unregistered

As with all organisations, typically there is no hard and fast rule. You can make your intentions known, but the final decision will always come from your boss.

ok noted...do u happen to work in the commodities industry? if yes, which type of commodities?

Commodities is an attractive industry to join. Be it in operations/analytics/trading/other support.

I was involved in the energy side, so can shed some light.

Gone are the good old days where money comes easily. Margins have been squeezed bad, and national oil companies are fast learning the tricks of the trade. Middlemen (i.e. trading houses) have been cut out, and even the traditional oil majors are facing challenges.

Joining the right setup is also important, where you have the necessary trading tools/support network. Helpful colleagues are also important; in this line, its usually every trader for himself/herself...you have your own P&L to showcase, never mind the corporate ******** about group P&L. If you are not contributing, you will be on your way out in max 2 years (less if the shop is tougher).

Having said all these, energy will be here to stay, so for young bright minds who wish to embark on a trading career, I will say give it a shot. Your annual package (including B) will likely be much more than the same graduating batch in engineering/govt (non elite admin service of course)/marketing/logistics/IT/Accouting/Auditing ---- I am talking about a trading role.

In Ops, the pay is also decent if you have a niche skill set or wide industry contacts with a penchant for problem solving/adding value to the trader's bottom line. I can guide that the package is probably comparable to other front line roles in alternative industries. So a senior Ops can probably pull in a similar package to a senior brand manager in an FMCG sector.

Originally Posted by Unregistered

Commodities is an attractive industry to join. Be it in operations/analytics/trading/other support.

I was involved in the energy side, so can shed some light.

Gone are the good old days where money comes easily. Margins have been squeezed bad, and national oil companies are fast learning the tricks of the trade. Middlemen (i.e. trading houses) have been cut out, and even the traditional oil majors are facing challenges.

Joining the right setup is also important, where you have the necessary trading tools/support network. Helpful colleagues are also important; in this line, its usually every trader for himself/herself...you have your own P&L to showcase, never mind the corporate ******** about group P&L. If you are not contributing, you will be on your way out in max 2 years (less if the shop is tougher).

Having said all these, energy will be here to stay, so for young bright minds who wish to embark on a trading career, I will say give it a shot. Your annual package (including B) will likely be much more than the same graduating batch in engineering/govt (non elite admin service of course)/marketing/logistics/IT/Accouting/Auditing ---- I am talking about a trading role.

In Ops, the pay is also decent if you have a niche skill set or wide industry contacts with a penchant for problem solving/adding value to the trader's bottom line. I can guide that the package is probably comparable to other front line roles in alternative industries. So a senior Ops can probably pull in a similar package to a senior brand manager in an FMCG sector.

hi, can share more abt analytics? and what are some niche skill sets an ops staff can have?

interviewed in a commodity firm before, who invest in China market
the boss boasted a 1~2% annual return and said it's the highest in the sector. many are making losses.
I commented to him Temasek, GIC make 8% ~ 15%
He replied scornfully they talked cock.
They made an offer, I decliend.