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Day trader vs commodity broker

The differences between day traders and commodity brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a day trader has an average salary of $116,895, which is higher than the $63,317 average annual salary of a commodity broker.

The top three skills for a day trader include technical analysis, equities and market trends. The most important skills for a commodity broker are commodities, market analysis, and risk management.

Day trader vs commodity broker overview

Day TraderCommodity Broker
Yearly salary$116,895$63,317
Hourly rate$56.20$30.44
Growth rate10%10%
Number of jobs3,8121,937
Job satisfaction5-
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 77%
Average age4343
Years of experience--

Day trader vs commodity broker salary

Day traders and commodity brokers have different pay scales, as shown below.

Day TraderCommodity Broker
Average salary$116,895$63,317
Salary rangeBetween $68,000 And $198,000Between $39,000 And $102,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-ICAP
Best paying industry-Finance

Differences between day trader and commodity broker education

There are a few differences between a day trader and a commodity broker in terms of educational background:

Day TraderCommodity Broker
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Day trader vs commodity broker demographics

Here are the differences between day traders' and commodity brokers' demographics:

Day TraderCommodity Broker
Average age4343
Gender ratioMale, 90.5% Female, 9.5%Male, 82.6% Female, 17.4%
Race ratioBlack or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.3% American Indian and Alaska Native, 0.2%Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.8% White, 68.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between day trader and commodity broker duties and responsibilities

Day trader example responsibilities.

  • Day-Trade stocks on the NASDAQ and NYSE, and achieve positive returns through an analysis of trends base on moving averages.
  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Trade equities and derivatives for long term investment and short term trading purposes while utilizing proper risk management
  • Engage in market speculation of various commodities, rapid scalping of mini futures contracts & ETF's.
  • Perform a financial analysis, risk assessment of various publicly trade companies on the NYSE, NASDQ and CME.
  • Enter buy/sell orders for NASDAQ stocks
  • Show more

Commodity broker example responsibilities.

  • Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
  • Trade on the NYFE, CME, and CBOT exchanges.
  • Provide research and analysis of prospective exchange trade funds for listing on the AMEX.
  • Support the firm's compliance director with records verification pertaining to audits, inquiries, and questions concerning NYSE floor operations.
  • Reorganize the UBS NYSE floor structure utilizing state-of-the-art technology and consolidating booth spaces.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Show more

Day trader vs commodity broker skills

Common day trader skills
  • Technical Analysis, 15%
  • Equities, 10%
  • Market Trends, 6%
  • Fundamental Analysis, 6%
  • Global Financial Markets, 6%
  • Risk Management, 5%
Common commodity broker skills
  • Commodities, 17%
  • Market Analysis, 8%
  • Risk Management, 5%
  • Technical Analysis, 4%
  • Client Accounts, 4%
  • NFA, 4%