How to become a commodity trader (by a former commodity trader)

In this video, you'll get three ways to land a job as a commodity trader. Becoming a physical commodity trader is difficult, Damien breaks down three different paths, the unfair path, the golden path, the path of hard knocks.

Link to the Shipping and Commodity Academy

EVERY DAY, I GIVE A NEW PRODUCT IDEA TO TRADE ON TWITTER 👉

Timestamps :

0:00 Intro - not financial
1:00 Path Number 1 - the unfair path
1:55 Path Number 2 - the golden path
3:08 Path Number 3 - the path of hard knocks
5:44 Conclusion

[rogerengetschwiler]

basically nice...although if you tell people to join Trafigura, Glencore etc....tell them also that during their training program they will really get brainwashed to the corporate world. Its rather narrow minded. My suggestion: Switch every 2-3 years the trading company and the commodity this way you build up great kowledge. And important: start as a backoffice or logistics guy. Learn what Incoterms are...then move to the front as Junior Trader....the rest comes automatically. Last but not least...know how the economic world works, interest rates, currencies bachelor or master in economics, mathematics or finance helps. (take that advise from a trader that is in the market since 40 years)

[thomasku]

I am in gas trading in the US. Just stumbled upon this video and your channel. What a great work! Absolutely agree, here it's either you come from an energy family in Texas or Louisiana, went to one of the trader development programs, or worked your way up from scheduler to trader. Commodity trading is an amazing field and is once again in a good time of the cycle, hoping to see more videos of yours!

[DiegoBoss_]

I work with metals (gold, palladium, platinum, etc) and I tell you: it is a tough job. I went to business school, worked for Deutsche Bank for a few years. I knew nothing about commodity and metals trading until 2 years ago. All it took was the right connections that took me to meet the CEO of a powerful group and a lot of study on the subject, sheer discipline and hard work will take you there, although it is a very small circle reserved for a few.

[benkronk]

Enjoy the videos! Been getting interested in trading as I’m considering a career change but it might be impractical. Your videos are helping me educate myself on whether or not it’s the right move for me - so thank you!

[Azizdesign_]

I had an interview at trafigura for their graduate program and man, the questions they asked were tough!..sadly I didn't get the role but Im still trying to get into this industry

[buttlesschap]

Is Mining Engineering at University of British Columbia into MBA a feasible path to become a commodity trader? Or Geology/Geophysics into MBA as well? I have a network with a family office with outfits in Vancouver, Shanghai, HK. Fluent English/Mandarin. Only thing is I dropped out of Uni from a biochem program at age 20 cause I bought bitcoin in 2015. So I've been messing around ever since 2017 basically. Im nearly 27 now and it will take time for school. You mentioned with the golden ticket path age is a consideration as well.

I got interested in commodity trading cause I've been swing trading mining stocks since Spring 2020. I noticed in March 2020 that GDXJ & GDX traded close to their all time lows of when gold was $1060/oz in dec 2015 but the gold price in March was still $1500, and oil cratered. So I thought it was a huge opportunity to get into gold mining stocks and it paid off.

[brijeshmandavi]

Kindly make a dedicated video on HOW A RETAIL TRADER MAKE BIG IN COMMODITY TRADING

[McFlashh]

Is it possible to open up a commodity trading firm without trading experience?

[guillermolodeiro]

I am already working as an operator for one of the big 5 agro trading, with experiencie at contract desk also. Hope to have the opportunity to be trader one day

[momentumstocks]

Can a guy start on his own? With small, obscure commodities the big firms will not touch?

[cltuqmm]

Do u believe that simeone can get into the industry if he has a backround in shipping but from an engineering role?

[antoinepury]

Thank’s for your video, very interesting !
And what about the master in commodity trading from the university of Geneva?
Is it a good way to start a career in this field as well ?

[ducke]

Is a traineeship in a small, specialized, commodity trading commodity company also a good way to break into the field?

[muhammadahmed]

Sir how much your course cost and how much chances to earn after learning.

[queenoladapo]

I have a serious network with a bauxite mines, trying to see if I can network myself with a right contact in the Almmumin Refinnery. Maybe anyone can help

[ErMondeep]

How to become a Power Trader (I mean the traders sitting in the Load Dispatch Centers)

[jaimem]

hi Damien! Is there anyway to trade commodities as an independent trader?

[mou]

But theres no possibility to trade by your own? I mean set up an account whit a broker and trade by your own?

[jacquesfrancois]

You mention relevant languages - which are those? im South African so i already speak my home language (Afrikaans) = English, learning French at the moment and thinking about eventulaly learning Swahili/ Portuguese/ Arabic so i can perform well anywhere in Africa, what other languages would be usefull, Spanish? Chinese?

[elizabethandgyulamolnarand]

Hi greetings from Transylvania, Romania