Career as a Futures Trader

As a financial trader, you’ll purchase and sell stocks, bonds, and other assets for individual and institutional clients. You’ll establish pricing and deals in order to maximize assets or reduce financial risk. When it comes to futures trading, there’s more to it than meets the eye.

Let us know about Career as a Futures Trader!

About Futures Trader

A futures trader is a person who invests in futures contracts on a stock exchange. Both investors are futures traders if they establish a contract on the market Exchange in which A promises to buy a specific number of bushels of B’s corn at $15 per bushel six months from now.

Roles and responsibilities of a Futures Trader

Below is the list of duties that a Futures Trader undertakes –

To collect information on securities, market conditions, government regulations and financial circumstances of customers
To elucidate data from securities reports, financial periodicals and stock-quotation viewer screens.
To make proper analysis of financial markets and financial market products.
To Give information and offer advice on financial market matters and market conditions, as well as the history and prospects of corporations.
To undertake and execute buying and selling orders in the marketplace on behalf of clients.
To predict futures prices and market changes, and bidding for commodity futures contracts.
To keep record and transmit buy and sell orders.

Eligibility

If you want to work as a futures trader, one of the first things you should think about is how much schooling you’ll need. 74.8 percent of futures traders have a bachelor’s degree, according to our research. In terms of higher education, we discovered that master’s degrees are held by 11.4 percent of futures traders. Even though most futures traders have a college diploma, anybody with a high school diploma or GED can work in the industry.

Career Prospects

FINANCE ADVISOR – Many people go to financial counsellors for assistance in achieving financial independence. So, if you want to work in the field of assisting people, being a financial adviser could be the way to go. Finance advisers schedule a lot of essential work into their days; they assist customers in managing their money and achieving their financial objectives. In the blink of an eye, your day-to-day employment might change. As a financial adviser, your day may be filled with investment management one day and estate preparation the next. Financial advisers often don’t work more than a 40-hour workweek.

EQUITY TRADER – An Equity Trader might be a wonderful profession for you if you enjoy generating money and conducting research. Equity traders do research and analysis to determine whether to purchase or sell a company’s stock on the stock exchange. Trading options, futures, and exchanging debt funds and other derivatives may also be part of an equity trader’s responsibilities. You’ll have to demonstrate a high degree of analytical, arithmetic, and detail-oriented abilities.

FINANCE ANALYST – The majority of finance analysts work full-time, although some work even more. A bachelor’s degree is often required for entry into the field of financial analysis. Employers are more likely to devote a large portion of their budget to pay financial analysts as a result of the more education. Financial analysts advise companies and people who are making financial decisions. They evaluate the performance of stocks, bonds, and other investment options.

Salary Insights

Futures traders in the United States earn an average of $109,416 a year ($53 per hour). The richest ten percent earns more than $186,000 a year, while the poorest ten percent earn less than $64,000. Equity traders in the United States earn an average annual pay of $124,659, or $60 per hour. The richest ten percent earns more than $199,000 a year, while the poorest ten percent earn less than $77,000.

Scope

A job as an futures trader is fast-paced, and it may be a lucrative occupation for people who can multi-task and have strong communication, financial, computer, and arithmetic abilities. Many futures traders who work for large businesses and banks have a degree in business, finance, or a similar subject, but many traders are self-taught and have some experience with trading and the stock market. Most futures traders earn up to $113,000 a year, and by 2029, this industry is predicted to grow 4% and create 18,500 new jobs in the United States.

Resources for Futures Trader

Before you can become an expert in desired areas, you must first build a solid base. Before you can move on to practical teaching, you’ll need to have the right applied skills. To gain better understanding of the domain, you can use the following tools:

Firstly, Online Tutorials for learning Futures Trader
Also, Certification Courses from verified sources such as Vskills, Coursera, Udemy and so on.
In addition, Online communities
Moreover, Blogs and study material from experts in this field and many more.

Here are some examples of how you can improve your abilities:

Freelancing
Internships
Apprenticeship programs

The above steps will help you to get this domain started. It’s a long way to go, however. You can take an advanced course to reach a new level of skills.

Resources offered by Vskills

Vskills offer Futures Trader Analyst certification for all those interested in working in this field or in advancing their career. This certification course covers the following objectives –

Introduction to Futures Trading
Fundamentals of Futures Markets
Pricing of Futures Contracts
Hedging
Short Term Interest Rate Futures
Long Term Interest Rate Futures
Foreign Exchange Futures
Stock Index Futures

Vskills also offers free practice tests and online tutorials to supplement the learning process. You can check them by clicking on the following links –

Discover the career opportunities and other prospects of Career in Futures Trader. Hurry up and start preparing now with Vskills.in!