foreign exchange brokertocommodity trader
A foreign exchange broker already meets 79% of what the commodity trader role asks for. The move turns on 2 required skills not yet in the profile.
79%
22.3/ 100
1 Share of the commodity trader role’s weighted skill requirement already met by the foreign exchange broker profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.
Why this move works
A commodity trader role treats 11 of its required skills as things a foreign exchange broker already does. These are the ones it depends on most.
- analyse economic trends
- analyse financial risk
- analyse market financial trends
- commercial law
- economics
- financial jurisdiction
What stands in the way is 2 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 20 skills that carry over, these are the ones fewest other occupations ask for. A commodity trader role needs them, and most people applying for one will not have them already. This is the part of a foreign exchange broker background worth leading with.
- already held operate financial instruments management skills
- already held international trade business, administration and law
- already held forecast economic trends information skills
- already held negotiate with stakeholders communication, collaboration and creativity
- already held analyse economic trends information skills
- already held commercial law business, administration and law
All 20 carried skills, including the 11 the commodity trader role treats as required.
Table 3 · What you would need to learn
The 7 missing skills fall into 3 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.
- required, not held negotiate sale of commodities required
- optional, not held negotiate sales contracts optional
- optional, not held negotiate buying conditions optional
- optional, not held negotiate price optional
- required, not held trading software required
- optional, not held financial forecasting optional
- optional, not held international business optional
Table 4 · Where to start
The 2 entries a commodity trader role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 negotiate sale of commodities skill · sector specific
- 02 trading software knowledge · sector specific
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 20 skills that carry over
- already held analyse economic trends skill
- already held analyse financial risk skill
- already held analyse market financial trends skill
- already held commercial law knowledge
- already held economics knowledge
- already held financial jurisdiction knowledge
- already held financial markets knowledge
- already held handle financial transactions skill
- already held international trade knowledge
- already held negotiate with stakeholders skill
- already held perform financial risk management in international trade skill
- already held actuarial science knowledge
- already held banking activities knowledge
- already held financial products knowledge
- already held forecast economic trends skill
- already held international commercial transactions rules knowledge
- already held maintain records of financial transactions skill
- already held operate financial instruments skill
- already held statistics knowledge
- already held trace financial transactions skill
5 supplementary skills, helpful but not required
- optional, not held negotiate sales contracts optional
- optional, not held financial forecasting optional
- optional, not held international business optional
- optional, not held negotiate buying conditions optional
- optional, not held negotiate price optional
15 held skills the commodity trader role does not ask for
- not needed by the target role accounting knowledge
- not needed by the target role advise on financial matters skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role build business relationships skill
- not needed by the target role communicate with banking professionals skill
- not needed by the target role foreign valuta knowledge
- not needed by the target role monitor stock market skill
- not needed by the target role perform stock valuation skill
- not needed by the target role protect client interests skill
- not needed by the target role provide financial product information skill
- not needed by the target role review investment portfolios skill
- not needed by the target role securities knowledge
- not needed by the target role stock market knowledge
- not needed by the target role trade foreign currencies skill
- not needed by the target role trade securities skill
3 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- required, not held trading software required
- optional, not held financial forecasting optional
- optional, not held international business optional
Other moves recorded from foreign exchange broker
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.