All About Securities and Commodities Traders
Position Description Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
Life As a Securities & Commodities Trader
- Develop or maintain supplier or customer relationships.
- Monitor markets or positions.
- Report all positions or trading results.
- Receive sales order tickets and inspect forms to determine accuracy of information.
- Make transportation arrangements for sold or purchased commodities.
- Write or sign sales order confirmation forms to record or approve security transactions.
Things a Securities & Commodities Trader Should Know How to Do
When polled, Securities and Commodities Traders say the following skills are most frequently used in their jobs:
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.
Types of Securities and Commodities Trader
- Commodity Trader
- Fixed Income Director
- Floor Trader
- Bank and Savings Securities Trader
What Kind of Securities & Commodities Trader Job Opportunities Are There?
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.
Average Securities and Commodities Traders Salary
Securities and Commodities Traders make between $34,360 and $208,000 a year.
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|
Tools & Technologies Used by Securities and Commodities Traders
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
How to Become a Securities & Commodities Trader
What kind of Securities and Commodities Trader requirements are there?
What work experience do I need to become a Securities & Commodities Trader?
Where do Securities and Commodities Traders Work?
The table below shows the approximate number of Securities and Commodities Traders employed by various industries.
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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