Course is divided into 3 blocks reflecting day to day work of physical trader. Each block builds upon preceding one.
Below stated order of the blocks is maintained to accurately reflect the typical work-flow at the trader’s position.
Analysis
- introduction to commodities markets
- market participants
- demand and supply (numbers tell the story)
- how to find opportunities to profit in current commodities market
- understanding physical and paper markets
- where to find information and how to interpret it
- case studies
Trading
- methods of trading
- back to back trading
- taking position (physically and through paper/derivatives market)
- Incoterms
- negotiations
- building and maintaining relations
- terminology/jargon
- case studies
Operations
- contracts (how to draft them and what to pay attention to)
- transport (marine vessels, barges, trucks, rail, multi modal)
- specs (quality issues and blending)
- warehousing
- financing
- cash flow management
- when things go wrong (arbitration and mediation)
- risk management
- case studies
Check our infographic below: