Stock broker VS Commodities Broker
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Why are there more stock brokers than commodities brokers? is it easier to sell stocks than futures? anyone has any input it will be greatly appreciated.
Almost every person in America can be sold some sort of financial service/investment product. Maybe 1 out of 10,000 people have the capital, smarts, gambling nature to play commodities.
Thanks! I just recently attained a series 3 license and it is very difficult to build a book with clients who want to take such risks…either way…I’m hitting that phone! are there any commodities brokers on here? I would appreciate some advice!
Very tough to get up and running..but if you can just find 5-10 sharpies who can keep their money together you might have a chance. If your just getting started, I hope you have some serious trading smarts built up or it could get ugly. Good Luck!!Thanks! I just recently attained a series 3 license and it is very difficult to build a book with clients who want to take such risks…either way…I’m hitting that phone! are there any commodities brokers on here? I would appreciate some advice!
I’ve seen more firms hiring/training stockbrokers and very few hiring/training commodities brokers…is the a reason why this occurs? I’ve been trading gold and currency options and its been going well for me so far but just worried about the future outlook for commodities brokers…I’m also on a commission based salary…so it’s been hard for me during this economic uncertainty…I love trading options but raising capital is very difficult…reading and paying attention to these forums has restored my confidence knowing that other new brokers are going through the same obstacles.
Commodities are 24, 7, 365. If that’s something you want to get into you need to find clients that have business needs to hedge. Like farmers for feed. Somebody that wants to turn variable costs into fixed costs. You better have a PHD in the product you want to hedge. Otherwise you are doing nothing more than gambling with low probabilities of success.
Why not use stock options if you like that game?Aren’t commodities leverage requirements like 1:10? I don’t know, I’m ignorant of that entire side but the people I know in commodities work for hedge funds.