Commodity Trader Business & Administration Technicians
SaveWhat Does a Commodity Trader Do?
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.
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Where Do I Start?
International Trade
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade in terms of exports, imports, competitivity, GDP, and role of multinational companies.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Commodity Trader
Essential Skills
Essential Skills
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EssentialInternational Trade knowledge
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade …
Recommended Books
2 books -
EssentialCommercial Law knowledge
The legal regulations that govern a specific commercial activity.
Recommended Books
1 book -
EssentialEconomics knowledge
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
No book recommendations available yet.
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EssentialFinancial Jurisdiction knowledge
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
No book recommendations available yet.
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EssentialFinancial Markets knowledge
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
No book recommendations available yet.
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EssentialAnalyse Economic Trends skill
Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.
Course recommendations coming soon.
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EssentialAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
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EssentialAnalyse Market Financial Trends skill
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Course recommendations coming soon.
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EssentialHandle Financial Transactions skill
Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.
Course recommendations coming soon.
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EssentialNegotiate Sale Of Commodities skill
Discuss client's requirements for buying and selling commodities and negotiate their sale and purchase in order to obtain the most beneficial agreement.
Course recommendations coming soon.
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EssentialNegotiate With Stakeholders skill
Negotiate compromises with stakeholders and strive to reach the most beneficial agreements for the company. May involve building relationships with suppliers and customers, as well as ensuring products are profitable.
Course recommendations coming soon.
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EssentialPerform Financial Risk Management In International Trade skill
Evaluate and manage the possibility of financial loss and non-payment following international transactions, in the context of foreign exchange market; apply instruments like letters of credit.
Course recommendations coming soon.
Optional Skills (5 of 13 displayed)
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OptionalBanking Activities knowledge
The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity …
Recommended Books
1 book -
OptionalInternational Commercial Transactions Rules knowledge
Pre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.
Recommended Books
1 book -
OptionalFinancial Products knowledge
The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.
No book recommendations available yet.
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OptionalActuarial Science knowledge
The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.
No book recommendations available yet.
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OptionalFinancial Forecasting knowledge
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
No book recommendations available yet.
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OptionalStatistics knowledge
The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data …
No book recommendations available yet.
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OptionalForecast Economic Trends skill
Gather and analyse economic data in order to predict economic trends and events.
Course recommendations coming soon.
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OptionalMaintain Records Of Financial Transactions skill
Collate all the financial transactions done in the daily operations of a business and record them in their respective accounts.
Course recommendations coming soon.
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OptionalNegotiate Buying Conditions skill
Negotiate terms such as price, quantity, quality, and delivery terms with vendors and suppliers in order to ensure the most beneficial buying conditions.
Course recommendations coming soon.
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OptionalNegotiate Price skill
Arrange an agreement on price of products or services provided or offered.
Course recommendations coming soon.
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OptionalNegotiate Sales Contracts skill
Come to an agreement between commercial partners with a focus on terms and conditions, specifications, delivery time, price etc.
Course recommendations coming soon.
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OptionalOperate Financial Instruments skill
Work with financial instruments such as stocks, bonds, mutual funds and derivatives.
Course recommendations coming soon.
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OptionalTrace Financial Transactions skill
Observe, track and analyse financial transactions made in companies or in banks. Determine the validity of the transaction and check for suspicious or high-risk transactions in order to avoid mismanagement.
Course recommendations coming soon.