Trading commodities is extremely popular because of the choice they offer and their diversity in regards to what affects their prices. Commodities are inherently linked to the development of organized society – agriculture and mining are tightly intertwined with the history of the human race. Initially commodities were traded between themselves – a bushel of grain for oil, a copper ingot for sugar and spices – as economies and societies grew though so did the use of commodities. Today commodity trading is immensely popular as it is relatively easy to understand, driven largely by supply and demand and commodities tend to stay stable or even go up when stock prices go down.
SaveBroker most innovative tool – dealCancellation. This allows you to cancel a deal if your trade is losing for a small fee. Now you can trade during market volatility, while other traders wait for markets to stabilize or for other brokers to suspend trading altogether.
Use it on your phone, tablet or desktop – our intuitive trading platform allows you to trade anywhere there’s an internet connection. Make the world your market.
Although they are grouped together commodities are a diverse group of products. This includes agricultural wheat, soybeans, sugar, coffee, cocoa, corn and cotton and industrial products such as oil, natural gas, heating oil, gas oil and crude. Different factors affect them but their price is largely based on supply and demand.
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| Commodities | ||||||
|---|---|---|---|---|---|---|
Product | Open | Close | Daily Break | |||
Wheat | WHT | 00:00 | Weekdays | 18:10 | Weekdays | 12:40 - 13:30 |
Corn | CRN | 00:00 | Weekdays | 18:10 | Weekdays | 12:40 - 13:30 |
Soybeans | SOY | 00:00 | Weekdays | 18:10 | Weekdays | 12:40 - 13:30 |
Cotton | CTN | 01:00 | Weekdays | 18:15 | Weekdays | |
Coffee | CFE | 08:15 | Weekdays | 17:25 | Weekdays | |
Sugar | SGR | 07:30 | Weekdays | 16:55 | Weekdays | |
Cocoa | CCO | 08:45 | Weekdays | 17:25 | Weekdays | |
| Energy Products | ||||||
|---|---|---|---|---|---|---|
Product | Open | Close | Daily Break | |||
WTI Crude | OIL | 22:00 | Sunday | 21:00 | Friday | 21:00 - 22:00 |
Brent Oil | BRT | 00:00 | Weekdays | 21:00 | Weekdays | |
Heating Oil | HEO | 22:00 | Sunday | 21:00 | Friday | 21:00 - 22:00 |
Gas Oil | GAS | 00:00 | Weekdays | 21:00 | Weekdays | |
Natural Gas | NGS | 22:00 | Sunday | 21:00 | Friday | 21:00 - 22:00 |
First off if you are unfamiliar with trading commodities you’re in luck, because our Learn Centre has an extensive library of videos and articles that will introduce you to all the types of instruments SaveBroker offers, in the meantime here’s a little overview. We use commodities every single day. If you look down at your outfit there is a good possibility that you are wearing multiple items that use one or more of these commodities as a raw material. Plastics, clothes, fuel for transportation and production of electricity. Due to the daily use or necessity of commodities, they are greatly affected by supply and demand. Beyond these basic factors, commodities’ prices can also be affected by geopolitical and adverse weather events – because many commodities are produced in specific geographic locations.
For example, it’s common knowledge that disruption of crude production in the Middle East can cause an increase in the commodity’s price due to a drop in supply, even though S. Arabia is only the third largest producer of oil.
An example of this effect was when Hurricane Harvey caused refineries along the Gulf Coast in the US to cease production in the Summer of 2017. In this case, the refineries closing caused a drop in demand for crude, pushing prices down but causing gasoline to increase because of the drop in supply. We saw coffee prices increase in 2017 when Brazil – the world’s third biggest producer – experienced an extended drought causing a drop in supply and an increase in the commodity’s price.
Unlike commodities, other financial products can be affected by a plethora of factors including but not restricted to: diplomatic or political events and changes in governments’ policies. This of course doesn’t mean that people should invest in one in lieu of the other – you will likely see the word “diversify” when reading about investment and trading. This means investing in multiple types of products since they behave very differently. For example, the Forex market is very active, and the prices of currencies on this market move frequently throughout the day. Government bonds on the other hand – for the most part, remember there are always expectations – are much more stable.
Another thing to consider when you begin your trading journey, is risk management – which although explicit in its name, many new traders actually overlook it. Risk management begins with knowledge knowing what is going on in the world politically, economically and even physically, can help you achieve your investment goals. It can be detrimental to be unaware of an event that could affect markets you trade on or can be even more precarious if you have active trades on it. easyMarkets though offers a lot of tools to help both new and experienced traders with risk management.
So SaveBroekr Platform and Apps not only give you access to the commodities markets, it even helps you reverse losing trades with dealCancellation. Think about it like trade insurance – for a small fee you can cancel a losing order within a specified period of time. Of course, this is just one of the many tools available to our customers – including free guaranteed stop-loss, take-profit and tight spreads.
SaveBroker has been serving its customers since 2021. From the very beginning, we have strived to offer our clients the most innovative products, tools and services.
Since 2021 SaveBroker has strived to offer the highest level of customer support possible with exclusive risk management tools, 24/5 customer support and conditions which help our traders.
SaveBroker's innovative and intuitive app allows you to trade on any iOS or Android device, giving you access to markets anywhere, anytime.
