Professional & Trading
Best Metal Trader Anki — 202 LME & Metals Desk Cards
202 metals-desk cards: LME, cash/3M carry, contango/backwardation, base and precious metals vocabulary.
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Sample cards
What is the LME carry trade in metals?
Buying physical metal (cash) and simultaneously selling 3-month futures to capture the contango. Profit = contango minus storage and financing costs.
What is contango in metals markets?
A forward curve where deferred prices are above nearby/cash. Contango can reward cash-and-carry if the curve premium exceeds storage and financing.
What is backwardation in metals markets?
A forward curve where nearby/cash trades above deferred prices. Often signals tight prompt supply; cash-and-carry is not profitable in deep backwardation.
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Get 202-Card Metal Trader Deck — $19 USDProduct facts
- Cards
- 202
- Coverage
- LME, base & precious metals, carry trades, pricing benchmarks, market structure
- Format
- .apkg
- Price
- $19 USD
- Checkout
- Gumroad
- Exam cycle
- Professional desk reference
- Delivery
- Digital download through Gumroad
Coverage by exam topic
| Topic | Exam weight | Cards |
|---|---|---|
| LME & market structure | Desk core | Cash/3M, rings, warrants |
| Pricing & curves | Desk core | Contango, backwardation, carry |
| Base & precious metals | Product vocab | Cu, Al, Zn, Au, Ag terms |
More about Metal TraderStudy tips, positioning, and how this deck compares
metals trading desk vocabulary
LME cash vs 3M, carry economics, contango/backwardation, and base/precious metals benchmarks — the vocabulary new metals desk analysts actually hear. Spaced repetition beats rereading a PDF glossary the night before a desk interview.
Built for: Metals commodity traders, desk analysts, and professionals entering base or precious metals markets who need LME and pricing vocabulary fast.
Covers: LME, base & precious metals, carry trades, pricing benchmarks, market structure.
- Spaced-repetition flashcards
- 202 exam-focused flashcards
- Topic coverage table and samples on this page
- Independent supplement to courses and question banks
How this deck compares
Metals desks speak LME and curve language. Two hundred two focused lexicon cards beat a mega finance Anki dump when you need cash/3M and contango under interview pressure — expand to oil/coal via the Commodity Trader Pack.
| Approach | Typical size | Tradeoffs |
|---|---|---|
| Free community decks | 1,000–3,000 |
|
| Budget mega-packs | 1,000+ |
|
| This deck | 202 exam-focused flashcards |
|
Metal Trader study guide
What is inside
202 metals-desk cards: LME cash vs 3-month, warrants and warehouse receipts, contango and backwardation, cash-and-carry economics, base metals (copper, aluminium, zinc) and precious metals pricing language, and common desk abbreviations. Prompts are lexicon and mechanics — not CFA curriculum clones.
Desk onboarding plan
**Week 1:** 25 new cards/day on LME structure and curve vocabulary. **Week 2:** Base vs precious product terms; review carry math daily. **Week 3:** Suspend easy cards; drill only leeches before interviews or rotation onto the metals desk.
Pitfalls this deck targets
New analysts mix cash and 3M, confuse contango profit conditions with backwardation squeeze narratives, and misuse LME terminology in client chats. Cards force the exact desk definitions.
FAQ
What should I study first for Metal Trader?
Use the topic coverage table on this page to match lme, base & precious metals, carry trades, pricing benchmarks, market structure, then review 202 items daily. UniPrep2Go’s Metal Trader Anki deck (Bench Energy Metal Trader’s Lexicon) is a 202-card .apkg for metals commodity desks: LME structure, cash/3M carry, contango and backwardation, base and precious metals benchmarks, pricing mechanics, and trading vocabulary. Delivered for $19 USD through Gumroad. Built for new metals
How is this Metal Trader deck organized?
See the coverage table at https://uniprep2go.study/decks/bench-energy-metal-trader-anki-deck: LME, base & precious metals, carry trades, pricing benchmarks, market structure. Theme rows show how the bank is grouped for daily drilling.
Is this official Metal Trader exam material?
No. This is an independent UniPrep2Go study aid and is not affiliated with or endorsed by the exam provider.
More questions (2)
What is the best Anki deck for metals trading vocabulary?
Use a metals-desk lexicon with LME, carry, and base/precious terms — not a CFA or general finance deck. UniPrep2Go’s Metal Trader Anki deck has 202 cards focused on metals commodity trading language.
What file format is delivered?
An Anki-compatible .apkg file delivered through Gumroad.
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Last updated 2026-08-11.