Commodity Trading Explained (Ft. Damien Würsten)

In this episode, Damien, an experienced commodity trader, takes us through the dynamic world of commodity trading, covering the step-by-step process of transactions, supply chains, transportation, and the role of geopolitics in the industry. He also shares insights on building a trading business and offers valuable career advice.

Chapters:

00:45 - What is a Commodity Trader?
02:04 - Different Types of Commodities
06:22 - Step-by-Step Process of a Transaction
08:49 - Supply Chain: From Producer to End User
10:09 - Transportation of Commodities
13:06 - Paper Trader vs. Physical Commodities Trader
16:52 - Challenging Situations as a Trader
18:56 - Geopolitics and Its Impact on Commodity Markets
21:40 - Damien’s Career Journey
23:34 - How to Build a Commodity Trading Business
26:00 - Anecdotes & Stories
31:44 - Tips for Starting a Career in Commodity Trading

[blek]

This video should be titled: "The French Accent; Explained"

[upsolutagency]

I have just opened a company in South Africa to trade in PGM commodity. Can anyone help me?

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How can a person with a medical degree start commodity trading, without first working for a firm like glencore or vitol?