Commodity Trading Explained (Ft. Damien Würsten)

In this episode, Damien, an experienced commodity trader, takes us through the dynamic world of commodity trading, covering the step-by-step process of transactions, supply chains, transportation, and the role of geopolitics in the industry. He also shares insights on building a trading business and offers valuable career advice. Chapters: 00:45 - What is a Commodity Trader? 02:04 - Different Types of Commodities 06:22 - Step-by-Step Process of a Transaction 08:49 - Supply Chain: From Producer to End User 10:09 - Transportation of Commodities 13:06 - Paper Trader vs. Physical Commodities Trader 16:52 - Challenging Situations as a Trader 18:56 - Geopolitics and Its Impact on Commodity Markets 21:40 - Damien’s Career Journey 23:34 - How to Build a Commodity Trading Business 26:00 - Anecdotes & Stories 31:44 - Tips for Starting a Career in Commodity Trading Damien's Youtube Channel : https://www.youtube.com/@UCnilb-0A8dWUY-HlE9NtgUw The maritime vision social media and podcast link : https://linktr.ee/themaritimevision