Trader, Commodities Salary (United Arab Emirates)
A Trader, Commodities earns an average salary of AED 305,209 per year. Most people move on to other jobs if they have more than 10 years' experience in this field.
|Range||AED 0AED 987K|
|Salary||AED 76,626 - AED 463,689|
|Bonus||AED 10,213 - AED 987,965|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 78,978 - AED 710,990|
Job Description for Trader, Commodities
Commodities traders facilitate transactions related to commodities such as securities, stocks and bonds, currency, agricultural output, and others. These traders work with clients to evaluate the market, analyze its movements and tendencies, and use this information to develop sound financial advice for clients. Once this information has been shared with clients and these clients decide to make a transaction, the commodity trader does the necessary buying and/or selling.Read More...
Commodity traders may be employees of banks or brokerage firms, or they may work independently with clients of their own. They may choose to conduct most of their transactions and business from an office via computer or telephone, or they may stand on the floor of a stock exchange, handling deals in person.
A bachelor's degree in finance, economics, or a related field is typically the minimum educational requirement for this position, though many traders have post-baccalaureate degrees as well. Employers and clients may require additional studies with a focus on a specific industry, such as agriculture. Additionally, a trader must be licensed through the Financial Industry Regulatory Authority (FINRA). They need to register with the National Futures Association and pass the National Commodity Futures exam; additionally, the FINRA requires licensed traders to continue their education and report at least 12 hours of classroom education every three years to maintain licensing. (Copyright 2018 PayScale.com)
Trader, Commodities Tasks
- Derive optimal transaction prices for clients and execute accordingly.
- Create, maintain, and expand relationships with suppliers and clients.
- Research and monitor target companies and investment channels while applying the appropriate strategies for futures, commodities, and trading.
- Evaluate market movements and communicate their importance with clients and coworkers.