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V. 20:2 (38-42): Step Up To Trade At The NYMEX by Victoria Woolley

V. 20:2 (38-42): Step Up To Trade At The NYMEX by Victoria Woolley

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Step Up To Trade At The NYMEX by Victoria Woolley

How do you get to be a floor trader at the New York Mercantile Exchange? Like Broadway, its practice, practice, practice.

Ever wonder what the training process is for new options traders, how their personal trading strategies evolve, and what the differences are between the various brokertraders at the New York Mercantile Exchange (NYMEX), the worlds largest commodity futures exchange?

I spoke with some traders from the NYMEX last summer. We talked about the different types of brokertraders, what trader boot camp is, and what systems and formulas they use.
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