Courses to Trade Physical Commodities
Hi
Can anyone recommend Courses for leaning to trade physical commodities in London or online.
Thank you
Martin
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I don't believe there is anything available online for physical. CME site has a small educational section on derivatives and risk.
Hello !
The best in-person training is currently held in Geneva by the STSA.
Lot of my friend found a job once the certificate in the pocket !
Good luck
NYSSA Commodities Trading course taught by Michael Martin (Originally Posted: 09/13/2011)
I was wondering what the consensus is on for Michael Martin's commodities course sponsored by NYSSA.
"Who should attend?
CFA Charter holders and CFA candidates Professional development students Current college students and recent graduates who want to learn how to trade Future CTAs (Commodity Trading Advisors) Those endeavoring a career in Prop Trading or at a hedge fund"
Anyone know anyone who has done the 4-course certification? Is the course reputable on the street?
It seems to cover the following: Students must complete four courses to earn the certificate:
Introduction to Commodities & Technical Analysis Directional Trades and Trend Following Commodity Spreads and Seasonal Trades Building a Complete Risk Management Trading System
All the the aforementioned concepts are covered comprehensively in just one book: Schwager on Futures. I've personally spoken to Michael Covel and emailed Michael Martin and they both are masters of marketing façades.
Would this certificate help with recruitment? Or is it just something you can learn from a book?
Student looking to learn: Commodity Trading (Originally Posted: 01/13/2017)
Hello Everyone,
I am a student a trying to figure out what specific career path I would like to go down. I have read some basic commodity trading stuff and was wondering the best place (firms and location) to start looking into. I am studying supply chain along with finance in school and was wondering if that degree would be well suited for this type of work? Also is this career path recommended in any of your opinions?
Where are you based? What commodities are you interested in?
I go to school in the south, originally from north jersey and hope to work in NYC area.
Start with this: http://www.reuters.com/article/us-commodities-houses-idUSTRE79R4S320111… http://www.trafigura.com/media/1364/economics-commodity-trading-firms.p…
Do I see myself in another career path? No. Is it something anyone should try to pursue a career in? No.
Thank you for the info.
Mind expanding on "Is it something anyone should try to pursue a career in? No."?
There was a post somewhere on WSO on the rigors of being a physical trader that I'm not sure I can do justice to. But essentially, I think it takes a certain kind of person to be successful in physical trading. Breaking in alone can be difficult, but going from ops to being a trader at a top shop is not for the faint-hearted. It means coping with major responsibility as quickly possible, often juggling a very, very wide variety of problems at the same time, needing to be decisive often and quickly, making as few mistakes as possible, and last but not least, making money for your team on top of your day to day responsibilities. All this while being liked by your counterparties.
People who don't make it to trader at top shops either stay in ops or go to lesser shops and take on commercial roles there. Very often those can be great gigs, but if you don't like ops or hustling for business at a smaller place, you might regret your decision to get on this career path in the first place.
At the end of the day, there are few really good seats for each commodity, and if you want one, you are going to have to live and breathe that commodity for years on end and be truly driven. Just something to keep in mind going in.
start by watching the trading seminar videos by Mark Fisher // youtube.com/watch?v=qo5fEj6ErdA
Cargill would not be a bad route. They have traders/merchandisers in different areas. I assume you would have to spend some time in Minnesota.
Commodity Trading Classes (Originally Posted: 12/01/2011)
Hey guys, I am looking to get into Commodity trading. Do you think it would be a good idea to take an online course, or any type of introduction course to commodity trading? If so, do you know of any programs that are good? I dont want to get ripped off, i imagine there are a lot of scams. Additionally, would this look good on an application?
Are you talking about paper of physical? If you mean trading commodity derivatives such as futures or options (seasonal spreads, whatever) then be careful to not get scammed by some technical analysis guru.
Where do you want to work? A financial institution that invests and/or offers services in commodities? Maybe you want to work as a trader for a non-financial f500 company that helps the company hedge their risk against price fluctuations (e.g. hedge crude-oil prices for FedEx). Maybe you want to work for a company such as Trafigura that is engaged in physical (including logistical) trading as well as hedging their future physical contracts with paper.
What industry are you pursuing? Check out companies like Cargill, McGraw, LouisDreyfus HB (I believe JPM owns a quarter of them), Phibro ($Hall$), Transfigura, etc.... very different business models even though all in commodities. Then you can structure your studies to better fit their needs.
Consider taking an international commodity trading course at a CC to learn about the fundamentals of the business.
What do you mean by "CC"?
Here's all you need to know from a former commodities broker:
Wanna make a small fortune in commodities trading? Start with a large one.
Class dismissed.
I think he means community college? But yeah , I am interested more in the physical trade. Looked at companies like Cargill, LD, ADM, and I realize that the entry is very hard. Would a commodity trading class help my resume? Or would they train you in an internship?
Commodities Trading Courses offered through ICE (Originally Posted: 09/12/2015)
https://www.theice.com/EducationCourses.shtml;jsessionid=47B404C1FE15E8…
Anyone have any knowledge about these courses? ICE apparently endorses them but they're offered through the Energy Management Institute (EMI). I looked at their website and they offer certification. Anyway, just curious what's anyone's thoughts - I would assume it's mostly new hires that get sent to take the classes.
bump
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