Stock and Commodities Traders: Know It All In 1 Minute
In this career summary, you will find out what the job of A Stock and Commodities Trader is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Securities and Commodities Traders buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
$102860 per year
$49.45 an hour
Stock and Commodities Traders with little to no experience tend to make between $32680 and $40410 while the more experienced ones make over $135430 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Stock and Commodities Trader is to move to a higher paying state like NY. Right now, the highest paying states for Stock and Commodities Traders are NY, NH, CT, MA and KS.
However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Stock and Commodities Trader is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
We asked other Stock and Commodities Traders what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A Stock and Commodities Trader successful or would they be good in this career.
Well, we found that most successful Stock and Commodities Traders have these 5 skillsets.
|Judgment and Decision Making|
In addition to that, 1 common characteristic among successful Stock and Commodities Traders is they are good at Attention to Detail. Here are the top 5 common characteristics.
|Attention to Detail |
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Stock and Commodities Trader as your career.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who values achievements and are resultsoriented|
|It is easy to get into this career. Some previous workrelated skill, knowledge, or experience is required for this career.|
|One of the highest paid careers in the world|
|Not suitable for people who likes to work with designs|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Regular (Set schedule and routine)
On a normal working week Securities and Commodities Traders work More than 40 hours per week.
63% of Stock and Commodities Traders said they were satisfied with their job and 42% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Persuaders and The Organizers
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
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