Course Description
The PVM Smart Learning Assessed Professional Oil Trader training course is an interactive oil learning experience delivered by industry experts. Over five days delegates are coached on trading concepts and trained through computer-enhanced trading simulations. The course has been designed for those interested in a career in trading and all support staff in oil-related roles who wish to gain in-depth knowledge of the front-line trader function, risk management and hedging strategies. It covers oil market fundamentals together with physical, paper and technical trading concepts plus an introduction to FX trading. Training is structured as interactive presentations followed by work on electronic trading simulations based on realistic market scenarios to emphasise key learning points and to capture the essentials of real and complex trading scenarios. Delegates trade individually with additional opportunities to work in teams and participate in face to face negotiation exercises. The programme runs with a maximum of 14 delegates to ensure the high level of individual coaching and assessment for which this course is renowned.
Who should attend this course
This Professional Oil Trader course is aimed at those looking to pursue a career as a trader and/or strengthen their commercial capability. It is also applicable to all back, middle and front office staff in oil related functions and operations who want to further their understanding of this sector and to excel in their existing role. The skills and oil trading techniques covered are applicable to many other commodities.
What you will learn
By the end of this course you will have achieved a real understanding of the physical crude, product and derivative oil markets, with an ability to appreciate the main drivers of these markets and gained experience in the use of principal trading techniques:
- Formulate market views
- Identify entry/exit points
- Develop oil trading strategies
- Assess and manage oil risk exposure
- Understand and manage FX exposure
- Manage position limits
- Effectively communicate views, positions and risk profiles
- Maintain accuracy and commercial focus under pressure
Realistic Simulations
Throughout the course each delegate’s learning is reinforced by utilising one of our specially developed computer based simulators.
Our unique world class simulated trading and operations environments allow both individuals and teams to practically apply the knowledge gained from each lecture instantly.
All the simulations are based on realistic market scenarios and updated continuously.
Course Content
Trading & Markets Overview
A comprehensive review of market and trading principles, and overview of terminology used.
Basics of Spreads & Geographic Spreads
Learn about spread trading and how to use these techniques to manage price differences between geographic locations.
Time Spreads
Use spread trading to manage price differences between various time periods in a single product market.
Pricing & Crack Spread Trading
Use cross-product spreads to trade around the refining process, and to build your positions.
Physical Oil Products Trading
Detailed review of the physical product markets and how they are priced and traded.
Physical Crude Oil Trading
Detailed review of the physical crude market and how crude oil is traded around the world.
Freight, Arbitrage & Storage
The mechanisms for shipping and storing crude oil or products and the use of derivatives to lock in value.
Brent Instruments
Learn why and how Dated Brent is used as the most important marker grade in the global oil markets.
Creative Technical Analysis
The art and science of predicting future price moves based on past price patterns.
Hedging & Swaps
Use hedging and swaps to mitigate your exposure to market price moves and maintain trading discipline.
Market Value at Risk (MVaR)
Learn about how to quantify risk and the methods used for calculation so that you can utilise your trading limits.
Options
Learn what options are, what they are used for, and how to use them in your trading portfolio.
Compliance & Trader Ethics
Clarification of the rules and limits of conduct in the oil markets from a legal perspective.
Foreign Exchange Risk Management
Learn why and how the FX markets operate and how to mitigate your FX exposure risk.
Mindset for Performance
Throughout the course, we explore the psychology of trading and look at the optimal mindset for peak performance, drawing on lessons from the professional sporting world.