How To Become A Floor Trader: What It Is and Career Path - Zippia (2024)

Key steps to become a floor trader

1. Explore floor trader education requirements

   If you're interested in becoming a floor trader, you must consider how much education you need. Based on real floor trader resumes, 81.2% of floor traders have a bachelor's degree. Regarding higher education levels, 9.1% of floor traders have master's degrees. Even though most floor traders have a college degree, it's impossible to become one with only a high school degree or GED.

   Most common floor trader degrees

   Bachelor's

   81.2

   %

   Master's

   9.1

   %

   Associate

   4.8

   %

   See Also

   Qu'est-ce qu'un Floor Trader ? Définition, rôle sur les marchés, exigencesWhy are Traders on the Floor of the Exchange?How the macho NYSE trader became an endangered species

2. Start to develop specific floor trader skills

   Floor traders need a range of skills to be successful. They must have experience in trading strategies based on fundamental and technical analysis. They also need to be able to make markets electronically and form opinions on global commodity futures markets. Floor traders also need to be able to communicate effectively with both sell side and buy side analysts. They must have the ability to manage risk and monitor economic data to make informed trading decisions. Additionally, they need to be able to trade futures and options, monitor trading accounts, and create spread charts.

   Skills	Percentages
   Futures Markets	31.33%
   CME	7.47%
   Equity Options	6.87%
   NYSE	6.12%
   Futures Contracts	5.79%

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3. Research floor trader duties and responsibilities

   A floor trader's responsibilities include serving on arbitration committees, trading proprietary money, making markets electronically, and maintaining dialogues with analysts. They also develop trading strategies, trade options and futures, and form opinions on global commodity futures markets. Floor traders make fair and open markets for brokers and local traders, manage and maintain order books, and operate computer systems connected to financial markets. They monitor and execute trades using electronic platforms, manage structured commodity trading books, and maintain client satisfaction. Additionally, they analyze market trends and indicators, facilitate trades, and manage risk.

   • Manage business, sales, marketing, international negotiation and communication for a commodities business.
   • Lead arbitrage trader with the highest return on investment.
   • Demonstrate outstanding performance and become recognized as one of the top producing firms on the NYSE.
   • Facilitate trades, generate commission dollars, and reduce risk for clients by reflecting liquidity on the NYSE to senior traders.

4. Prepare your floor trader resume

   When your background is strong enough, you can start writing your floor trader resume.

   You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a floor trader resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

   Choose From 10+ Customizable Floor Trader Resume templates

   Build a professional

   Floor Trader

   resume in minutes. Browse through our resume examples to identify the best way to word your resume.

   Then choose from 10+ resume templates to create your Floor Trader resume.

   

   

   

   

   

   

   

   

   

5. Apply for floor trader jobs

   Now it's time to start searching for a floor trader job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams

How do floor traders rate their job?

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.