How to start your physical commodity trading company

5 pieces of advice to break into commodity trading 👉 bit.ly/3z3SIQD
A former commodity trader shares his thought process for starting a new physical commodity trading firm.
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Timestamps :
00:00 Intro
00:40 What are we going to talk about?
01:10 Vision
01:35 5 levels of a trading firm
04:53 Responsibilities of the team
05:27 Structure
06:10 Opportunity
07:22 Our edge
08:48 The Numbers
10:24 Start of the Q&A
11:36 Where are you going to set up the company?
12:04 How are you going to fund your first deal?
12:15 Pricing forecast?
13:55 buying EXW and sell CIF?
14:56 How do you finance your deals?
15:24 What about energy?
16:21 How do you find small mines?
17:10 Selling FOB?
17:19 Why tin ore?
18:06 How do you make sure that the operation on the ground goes smoothly?
20:03 Commission?
20:17 What are the roles needed to start a commodity trading company?
20:56 Cashflow business (explanation)
22:51 my wife asks a question
23:20 what if you have more capital
26:09 Sanctions, what does it mean for Geneva?
27:38 Other commodities considered?
30:09 Best jurisdiction to set up a company?
30:14 Buy the mine?
31:09 Good trading book?
33:59 Is agglomeration a good business model?
34:52 Chance of the copper cathode deal to work
35:56 Capital to start?
36:56 Local partner?
37:52 What 3 commodities to start?
38:53 Are you going to hedge?
39:23 LOI?
41:14 How to find a buyer?
43:13 What's your edge?
46:09 Who buy for the grain at the port?
46:37 FOB-CIF funding problem
47:37 Looking for writer for my blog
49:41 How to pitch a deal?
53:00 What does it mean when a trading firm carry a deal
53:47 Timeline for your new company?
57:34 fake LC?
58:10 Night club?

[@user-si4ql4ns3q]

I have just turned to Freelancer and experiencing it. Good and sound guide

[@zbtrtv1158]

Can I get in touch with you.

[@Medborgarjournalistik]

Great video!

[@markcrisp07]

Yeah the Freelancer is what appeals to me. I am a firm believer no one should be on a wage anymore. Maybe pay expenses but they should work 100% on commissions now. Then the problem is if they are good and motivated ..they will probably work for them-selves. Catch 22.

[@damienwursten]

Getting financed is extremly complicated. So, there is a lot of ppl that have a good market knowledge without the means to make a trade for themselve

[@TheKahoul]

Tres interessants et vrai pour les 5 levels de freelancer a conglomerate ! c'est le parcours du combatant de passe a solo level 1&2 a level 3&4. Bon courage pour ton projet avec le tin

[@damienwursten]

Merci! C’est clair, c’est ultra difficile de grossir passer une certaine taille. Et je suis même pas sur qu’en terme ROI comparé au niveau d’enmerde ca em vaille le coup.

[@essienita7343]

Thanks for your presentation. We should talk if possible. Looking to form a joint venture and would like some direction. I'm not sure what is the best way to discuss.

[@markcrisp07]

Are you moving out to Malaysia? Reckon Dubai is the best place to set up your business? Tax reasons? Man I hate the heat..I'd live in the North Pole if i could...Seems all the best tax areas are in the tropics.

[@vijnix9173]

Go to Singapore, it's not that hot

[@mylesfondo416]

Hi, i started a commodity trade company in Kenya. I would like to learn more, apart from University of Geneva, which other university offers a post graduate Diploma on Commodity Trade

[@damienwursten]

University paper are only useful if you want to find a job. It's a waste of time and money if you have your company

[@MrOzegbe]

How can I reach out We can assist with supplying commodities Our commodities are coming from West African

[@damienwursten]

No interest. Good luck

[@great6306]

Hi Damien, thanks for sharing. How to contact you for a partnership ? I am Luxembourg and West Africa.

[@damienwursten]

If you don't find a way to contact me, you already failed the test.

[@great6306]

😂 Already got it. Keep in touch

[@markcrisp07]

So...if you get revenues and profits. You really should create a business and sell it. The big money is in the exit. Go public. Sell shares Or private equity. So many options once you are a profitable company.

[@damienwursten]

It's very difficult to scale a commoditry trading buisness to any type of exits.

[@markcrisp07]

@@damienwursten Yeah...ok. I get what you are saying. Oh well just make a few million and retire...:-) That's the goal...right?

[@great6306]

Hi

[@damienwursten]

hello

[@markcrisp07]

Are you not concerned about sharing your business plan?

[@damienwursten]

Hahah, not really. This stuff is very difficult to execute on.

[@GuffawTV01]

stp en francais je vous en supplie

[@damienwursten]

avec mon accent, c'est pratiquement du français 😂

[@SH-bw5fx]

Very confusing , explanation , thinking in French and explaining in English .

[@damienwursten]

I do agree, this why I’m doing those lives, to get better at it.

[@SH-bw5fx]

@@damienwursten the degree of discord and mismatch @ intellectually conceptualizing , analyzing ,synthesinzing , observation , understanding , & planning of informations gathered in any one given language vis a vis translating expressing , exposing the latter in an other given language , gets me baffled .

[@gojeta1999]

​@@SH-bw5fxwhat the fuck are you twlking about

[@heemensu]

why are you making videos on youtube ? real reason??

[@damienwursten]

Narcissistic Personality Disorder