1945

Financial aspects of cocoa trading

image of Financial aspects of cocoa trading

Most commodity trading operations require a comparatively small fixed investment, but a substantial amount of working capital. As the trader’s success is largely the result of skilled operations (and, yes, some good luck), the main investment consists of acquiring and keeping competent staff, and of giving this staff the physical equipment and the necessary finances with which to trade. This equipment is essentially communications hardware: telephone, telex (still being used in some areas), facsimile equipment, and computers with appropriate add-ons and software.

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