Description
Commodity traders use negotiation techniques to sell and buy physical goods and raw materials such as gold, cattle, oil, cotton and wheat on the trading floor. They receive and implement purchasing and selling instructions and negotiate the terms of sale and delivery of commodities. Commodity traders do research about market conditions of specific commodities, their price trends and demand in order to inform their employers, they make bid offers and calculate the cost of transactions.
EssentialOptional
Theoretical Knowledge
Practical Skills
negotiate with stakeholdersanalyse financial riskanalyse economic trendsnegotiate sale of commoditiesperform financial risk management in international tradehandle financial transactionsanalyse market financial trendsforecast economic trendsmaintain records of financial transactionsoperate financial instrumentsnegotiate buying conditionsnegotiate pricenegotiate sales contractstrace financial transactions