Commodity trading advisers consultants can bring a variety of skill sets to your business, from specific industry expertise to marketing strategies for your own services and learning the business from a credentialed professional. Commodity trading consultants can help you to bring in a broader scope of research and inside knowledge that may entail a steep learning curve on your part. Consulting for commodity trading advisers can help to bring you greater profitability by conducting research and providing recommendations on which they receive a commission.

On the other hand, you can take your own expertise and add the title of commodity trading adviser consultant to your list of offerings. By taking a few courses and checking with state requirements, you could turn your research and successful trading practice into an advisory position to increase your earnings. There are a variety of ways you can utilize the commodity trading consultancy industry to your benefit.

1. Hire CTA consultants for specific guidance

2. Keep commodity trading advisers consultants on retainer

3. Become a CTA consultant

Action Steps
The best contacts and resources to help you get it done

Use consulting for commodity trading advisers when you need them

While you may be very fluent in futures trading, you might run across a real estate opportunity that looks really good. Instead of spending the time and resources to investigate the industry, bring in a commodity consulting firm that specializes in real estate deals and pay the commission. After a few sessions with commodity trading consultants, you may gain enough experience to try that industry on your own.

I recommend: Providio will customize their advisory services for commodity traders to your needs. You can use them as much or little as required. Direct Access is a full-service commodity trading consultancy that can offer commodity consulting on a number of different levels, according to your needs.

Use commodity trading advisers consultants when you need them

While you may not require the services of CTA consultants for most of your business, it would be good to have a commodity trading consultancy on retainer so that when you do need advice, training or other services, you do not have to shop around or spend time getting to know someone new every time.

I recommend: MARI can help you find the CTA consultant that would serve you best through its database of more than 250 commodities trading advisers and consultants that have met certain criteria. Ruddy Law Office specializes in compliance guidance for commodity traders, which is an area that is particularly difficult to keep up with and warrants the regular call to your advisors.

Turn your skills as a CTA consultant into more income

Start-ups and newer commodity consulting firms are always in need of training and advisory services. The younger firms would be a good place to kick off your own new stream of business. You might be a better fit to understand the issues and needs of a start-up with your recent experience.

I recommend: Start Empire, which offers the coaching materials and trial tests and books that you might need to prepare for the Series 7 exam. With Web Series 7, you can get the required Series 7 exam that you must pass to receive a license and certification as a CTA consultant. They provide other useful guidance that you will need as well.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Ask for references from a commodity trading adviser consultant; if they won't give you any, find another CTA consultant to work with.