Considering a career as a trader but worried about its male-dominated reputation? The good news is that a positive shif...
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- Exciting, fast-paced work that requires concentration, research skills and analytical ability
- You'll spend your time, researching, analysing and trading commodities, usually online
- Performance related salaries mean there is the potential to achieve very high earnings
Traders analyse markets and buy and sell financial or physical goods like sugar, cocoa, oil and gas to generate a profit.
DAY-TO-DAY DUTIES
- Ensure that you have done adequate preparation for the trading day
- In-depth market analysis
- Risk management
- Develop and maintain disciplined trading plans
- You'll also learn how to evaluate economic and market trends using statistical tools
DAY-TO-DAY ENVIRONMENT
Roles in this industry normally have a base salary but with performance-related bonus payments which are dependent on how successful you are in your trading. These bonus payments can be very high, enabling you to earn significant amounts.
You'll need
This role would suit someone who is calm under pressure, has self-motivation and commitment to delivering results, self-discipline, strong numerical skills, and self-confidence.
You'll normally start as a Junior Trader and will need to have a keen interest and learn how financial markets work.
You can apply directly to a company for this role - but it may help to have studied related subjects like business, finance, or economics. You'll normally start as a Junior Trader and you'll need to undertake training before you can progress into a full trading role.
CAREER PROSPECTS
With experience, you could progress to one of these roles, including a graduate trainee, analyst or trader, associate, senior associate, vice president or executive director, or managing director.
The names of these roles may vary by company.
