How Do I Become a Junior Trader?

A gold trader refers to a professional gold investment practitioner who has obtained a trader certificate through a gold exchange qualification examination. A gold trader is a professional who is responsible for gold trading or gold investment within the members of the exchange. Specifically, it refers to professionals engaged in related gold business, including specific business operations such as trading, clearing, and delivery, or investment in the gold field.

Gold trader

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Gold traders mean

Gold traders are first and foremost professionals. It is a professional training personnel of the Shanghai Gold Exchange to participate in the guidance of gold investors' trading and professional training of financial institutions, cultivate and standardize the professional knowledge talents in China's gold and precious metal trading markets, and enable investors to systematically master gold investment trading, analysis, and risk. Evasion and other knowledge to meet the needs of gold trading professionals in various institutions, the nationwide rollout of a gold dealer qualification certificate system.

Gold trader is a career development direction. It is closely following the trend of financial management and relying on the emerging profession of Shanghai Gold Exchange.

(1) Serve gold mining, processing, distribution and other enterprises.

The gold industry has a relatively short industrial chain. From investment in mining, mining, smelting to processing, and sales, the core value of the entire industrial chain lies in the price of gold. The trend and fluctuation of gold prices largely determine the profit level of each link. Therefore, gold investment And gold investment management is one of the important contents of gold business. Gold traders will help improve the gold industry's investment management, risk management, sales and procurement, institutional trading and other links, and improve the overall operating capacity of gold companies.

(2) Serving financial industries such as gold investment, futures investment intermediary services and fund companies, asset management companies, and commercial banks. With the development of the national economy, finance, and investment markets, the emergence of a diversified pattern of financial investment instruments, gold investment The spot extended to deferred delivery, gold futures, and other varieties. The trading time was extended from day to night. Major commercial banks launched gold investment products. The increase in demand for gold investment and the development of the gold investment market have caused the main sources of gold investment-related personnel to gradually transform from gold production and circulation companies to financial investment companies and ordinary investor groups. This has led to the development and design of gold investment tools, Gold self-employment, brokerage agency, investment consulting, research analysis, entrusted investment management, business promotion and other requirements, professional human resources-gold traders are ready. (3) Serving government functional departments and research institutions for national financial, foreign exchange, and capital market supervision

Because gold has the institutional characteristics of linking international geopolitics, international economy, international finance and international investment, with the reform and opening up of China's financial management system, it is urgent to rely on gold investment to cultivate a large number of familiar international financial operating mechanisms and international financial investment. A market-based team of financial and foreign exchange supervisors to safeguard national economic, financial, and financial investment security. Therefore, the national foreign-related economic management department, the national financial and foreign exchange management department, and the financial strategy and security research department will generate a certain demand for gold traders.

Gold traders are the threshold for practising. The Shanghai Gold Exchange will gradually implement compulsory certification measures in member units to establish a professional access system for gold trader qualifications, and implement the "Shanghai Gold Exchange Gold Trader Management Measures" to improve the professional skills and comprehensiveness of industry practitioners. Quality.

(1) Gold trader qualification certificate becomes a qualification certificate for gold investment and gold investment management

The Shanghai Gold Exchange will pass mandatory regulations requiring all members of the gold industry, including domestic and foreign banks, trust and investment companies, comprehensive and self-employed institutions, to have a gold trader qualification certificate before they can start work, thereby rapidly improving The investment management capability and operation level of the domestic gold investment industry has improved the industry's ability to resist risks.

(2) Improvement of passing requirements of gold trader exam

In order to achieve the original intention of establishing a gold trader qualification certificate, in the future, the requirements for passing the gold trader's exam will be gradually increased, and authorized training institutions will be required to conduct serious teaching so that qualified people have the corresponding gold investment knowledge and trading skills to enable gold trading Become one of the most valuable qualifications.

(3) Strict implementation of training examination and follow-up training and annual review system

After the gold trader obtains the qualification certificate, he must submit information to the Shanghai Gold Exchange every year, and it will continue to be valid after passing the annual review. Through follow-up vocational education, the speed of gold traders' knowledge update is synchronized with the industry.

(1) Overview

Shanghai Gold Exchange is a legal person established by the People's Bank of China with the approval of the State Council. It does not use self-discipline management for profit. · It is the only investment market for physical spot trading of gold in China. Both the investment variety and the scale of investment have been formed and occupied a dominant position in the country. The domestic gold price is mainly determined by the trading variety of the exchange.

The exchange implements a membership organization. Members are registered in the People's Republic of China, financial institutions engaged in gold business, and enterprises engaged in the production, smelting, processing, wholesale, import and export of gold, silver, platinum and other precious metals and their products. Legal person, and has a good credit unit. · Currently there are 156 members: 23 in finance, 126 in comprehensive and 7 in self-employed. Financial members can conduct self-employed and agency business and other approved businesses, comprehensive members can conduct self-employed and agency business, and self-employed members can conduct self-employed business.

In 2006, the annual transaction volume of various types of exchanges reached 1,294.34 tons, with a transaction value of 204.594 billion yuan; in 2007, the annual transaction volume of various types of exchanges reached 289.76 tons, with a transaction value of 332.464 billion yuan, breaking the 330 billion yuan mark for the first time. The year-on-year increase in 2006 was 62.5%; the average daily transaction volume was 11957.3 kg, an increase of 58.29% over the same period of 2006; and both reached the highest record since the establishment of the exchange. In the first three months of 2008, the trading volume of each exchange on the exchange was 2032.63 tons, the transaction value was 240.975 billion yuan, and the average daily transaction volume was 34451.36 kg, an increase of 1.88 times compared with the same period in 2007. It has fully demonstrated the enthusiasm of domestic residents for investing in gold and the role of exchanges as the main channel of the domestic market.

(2) Regarding gold exchanges-exchange functions provide venues, facilities, and related services for trading precious metals such as gold, silver, and platinum; formulate and implement business rules for gold exchanges and regulate trading behavior; organize and supervise gold, silver, Trading, clearing, delivery and distribution of precious metals such as platinum; designing trading contracts to ensure the performance of trading contracts; formulating and implementing risk management systems to control market risks; generating reasonable prices and publishing market information; monitoring member trading operations and investigating members for violations of the exchange Relevant stipulated acts; supervision of gold, silver, platinum and other precious metal businesses in designated warehouses; other functions prescribed by the People's Bank of China.

(3) About the gold exchange-member management

To obtain the membership of the Exchange, an application unit must submit a written application, which is approved by the Membership Review Committee, approved by the Board of Directors, and reported to the People's Bank of China for the record. At the same time, a membership certificate is issued and announced. Has obtained financial members: Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, Bank of Communications, Industrial Bank, Shenzhen Development Bank, Hua Xia Bank, China Everbright Bank and other major commercial banks; 23; Members include: 126 China Gold Group Corporation, Zijin Mining Group Co., Ltd., Shandong Gold Group Co., Ltd., etc .; and 7 self-operated members.

Member units must select personnel to participate in the training of traders, and participate in the gold trading business after the trainees have passed the trading qualification examination organized by the exchange and obtained the "Gold Trader Qualification Certificate."

The Exchange implements an annual review system for membership.

In order to regulate the employment management of gold traders, the Exchange implements the registration, continuing education and annual inspection system for the "Gold Trader Qualification Certificate".

Resident individuals or individuals who are not members of the Shanghai Gold Exchange who are interested in working in gold investment related fields, who recognize the relevant management system of the gold exchange, participate in the training of gold dealers, and pass the gold trader qualification exam, can also be recognized by the gold exchange. As a trader, he is included in the Shanghai Gold Exchange's trader management system.

As an important market participant, the practice level of gold traders not only affects the investment performance and risk management status of itself and / or the unit where it belongs, but also affects the healthy and steady development of the entire market. Therefore, the gold exchange has always attached great importance to the certification of gold traders. Along with the development of the market, the exchange is gradually establishing a sound and strict qualification certification and management system, and conducting follow-up education for traders, and constantly strengthening the education of professional competence and professional ethics of traders.

With the rapid development of the domestic economy and the continuous expansion of the gold market size, more demand and higher requirements will be generated for gold traders. Participating in the training and certification exams of gold traders, and continuously learning, is not only necessary for practitioners to improve their business level, but also helps to improve their financial planning capabilities and enhance their understanding and grasp of the market.

(2) The qualities that a successful trader should have

To become an outstanding trader, you not only need the accumulation of professional knowledge, but also have some necessary qualities and a good attitude. Things in the mentality are more valuable and valuable for establishing your own investment system and investment philosophy.

The qualities that a successful trader should have:

a. Love investment business.

b. Identity: Although money is a factor, it is not the underlying motivation for the transaction.

c. Don't be confrontational. Traders bear their personal responsibility for all successes and failures.

d. Traders are flexible and resilient, and are not discouraged by major setbacks.

e. The trader has a positive attitude, belief system and mindset. Traders should be confident, but not hopeful.

f. Traders are consistent with the methods they adopt.

g. Traders take an automatic response to the market.

h. The trader is guided by the result (lower limit).

i. The trader adopts a decisive decision-making method and never thinks "I know what the market is going to do". Should keep "I know what I should do no matter what happens to the market today."

j. Traders take good care of their personal lives.

k. Solid expertise and rich experience.