Life As a Securities and Commodities Trader
Securities & Commodities Trader Job Description Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
What Do Securities and Commodities Traders Do On a Daily Basis?
- Track and analyze factors that affect price movement, such as trade policies, weather conditions, political developments, or supply and demand changes.
- Report all positions or trading results.
- Receive sales order tickets and inspect forms to determine accuracy of information.
- Make bids or offers to buy or sell securities.
- Develop or maintain supplier or customer relationships.
- Supervise support staff and ensure proper execution of contracts.
Securities & Commodities Trader Needed Skills
Below is a list of the skills most Securities and Commodities Traders say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics: Using mathematics to solve problems.
Other Securities & Commodities Trader Job Titles
- Block Trader
- Quantitative Trader
- Day Trader
- Investment Trader
- Foreign Exchange Trader
Securities & Commodities Trader Job Outlook
In the United States, there were 375,700 jobs for Securities and Commodities Trader in 2016. New jobs are being produced at a rate of 6.2% which is above the national average. The Bureau of Labor Statistics predicts 23,200 new jobs for Securities and Commodities Trader by 2026. The BLS estimates 38,000 yearly job openings in this field.
The states with the most job growth for Securities & Commodities Trader are Arizona, Utah, and Iowa. Watch out if you plan on working in Massachusetts, New Jersey, or Maine. These states have the worst job growth for this type of profession.
How Much Does a Securities & Commodities Trader Make?
The average yearly salary of a Securities & Commodities Trader ranges between $34,360 and $208,000.
Securities and Commodities Traders who work in New York, South Dakota, or Connecticut, make the highest salaries.
Below is a list of the median annual salaries for Securities and Commodities Traders in different U.S. states.
|State||Annual Mean Salary|
|District of Columbia||$103,380|
What Tools do Securities and Commodities Traders Use?
Below is a list of the types of tools and technologies that Securities and Commodities Traders may use on a daily basis:
- Microsoft Excel
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- The MathWorks MATLAB
- Microsoft Visual Basic
- Customer information control system CICS
- Bloomberg Professional
Becoming a Securities & Commodities Trader
What education or degrees do I need to become a Securities and Commodities Trader?
What work experience do I need to become a Securities & Commodities Trader?
Securities and Commodities Traders Sector
Below are examples of industries where Securities and Commodities Traders work:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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