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Securities and Commodities Traders

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What You Need to Know About Securities and Commodities Traders

Job Description: Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.

A Day in the Life of a Securities & Commodities Trader

  • Supervise support staff and ensure proper execution of contracts.
  • Prepare financial reports, such as reviews of portfolio positions.
  • Agree on buying or selling prices at optimal levels for clients.
  • Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
  • Write or sign sales order confirmation forms to record or approve security transactions.
  • Receive sales order tickets and inspect forms to determine accuracy of information.

What Every Securities & Commodities Trader Should Know

Below is a list of the skills most Securities and Commodities Traders say are important on the job.

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.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Speaking: Talking to others to convey information effectively.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

  • Investment Trader
  • Forex Trader
  • Hybrid Derivatives Trader
  • Fixed Income Trading Vice President
  • Proprietary Trader

Job Demand for Securities and Commodities Traders

In the United States, there were 375,700 jobs for Securities, Commodities, and Financial Services Sales Agents in 2016.

New jobs are being produced at a rate of 6.2% which is lower than average. The Bureau of Labor Statistics predicts 23,300 new jobs for Securities and Commodities Traders by 2026. Due to new job openings and attrition, there will be an average of 38,000 job openings in this field each year.

Forecasted Number of Jobs for Securities and Commodities Traders in U.S.

The states with the most job growth for Securities, Commodities, and Financial Services Sales Agents are Texas, Florida, and California.

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.

Securities & Commodities Trader Salary

The average yearly salary of a Securities & Commodities Trader ranges between $34,360 and $208,000. A Securities and Commodities Trader median salary is $64,120.

Salary Ranges for Securities and Commodities Traders

How much do Securities, Commodities, and Financial Services Sales Agents make in each U.S. state?

Annual Mean Salary by State
State Annual Mean Salary

New York

$161,580

Connecticut

$122,890

Massachusetts

$118,310

South Dakota

$113,460

Kansas

$107,500

Vermont

$105,770

Minnesota

$104,570

District of Columbia

$103,380

Alaska

$101,290

Rhode Island

$100,390

North Dakota

$100,060

New Jersey

$98,850

New Hampshire

$98,030

Maryland

$97,570

Indiana

$92,400

Illinois

$91,640

Virginia

$90,410

Louisiana

$89,550

Montana

$89,270

North Carolina

$88,810

Delaware

$87,390

Pennsylvania

$86,970

Nebraska

$86,920

Texas

$85,720

Hawaii

$85,660

Kentucky

$85,420

West Virginia

$83,930

Florida

$82,810

Alabama

$82,810

Maine

$81,670

California

$81,610

Missouri

$80,280

Washington

$79,930

Michigan

$79,320

Mississippi

$78,220

Oklahoma

$78,220

Ohio

$77,960

Wisconsin

$77,780

Georgia

$77,000

Colorado

$76,160

Tennessee

$75,610

Iowa

$75,380

South Carolina

$75,120

Arkansas

$74,490

Arizona

$72,750

Utah

$71,460

Nevada

$70,480

Wyoming

$70,030

Oregon

$66,120

Idaho

$62,690

New Mexico

$56,380

What Tools do Securities and Commodities Traders Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Securities and Commodities Traders:

  • UNIX
  • R
  • Microsoft Excel
  • Microsoft Visual Basic
  • Microsoft Office
  • Linux
  • The MathWorks MATLAB
  • Microsoft Access
  • Microsoft Outlook
  • Oracle Java

How do I Become a Securities & Commodities Trader?

What education or degrees do I need to become a Securities and Commodities Trader?

Securities & Commodities Trader Degree Level

How Long Does it Take to Become Securities & Commodities Trader?

Securities & Commodities Trader Work Experience

Where do Securities and Commodities Traders Work?

Securities & Commodities Trader Sectors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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