Description
Buy or sell future commodity contracts on the futures market on your own account or on behalf of a customer or institution in order to make a profit.
Alternative labels
deal in future commodities
deal in future assets
trade future assets
Skill type
skill/competence
Skill reusability level
occupation-specific
Relationships with occupations
Essential skill
Trade future commodities is an essential skill of the following occupations:
Futures trader: Futures traders undertake daily trading activities in the futures trading market by buying and selling futures contracts. They speculate on the futures contracts’ direction, trying to make a profit by buying futures contracts they foresee to rise in price and sell contracts they foresee to fall in price.
Optional skill
Trade future commodities is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
References
- Trade future commodities – ESCO
