Commodities are generally traded on exchanges such as the Chicago Mercantile Exchange and the London Metals Exchange. Typically, traders are classified into two main categories: hedgers and speculators.
Trading commodities as CFDs allows you to speculate on the price movements in the underlying market without taking ownership of the physical asset.
Take advantage of GO Markets MT4 Genesis smart tools to trade commodities around the clock. Track the price of Oil and other commodities as they are traded in different financial centres worldwide.
CFD trading involves significant risk.
Commodities are traded using standard size lots – e.g. 1,000 barrels of crude oil and with set expiry dates – e.g. end of each month.
When you trade Commodities with GO Markets, you are actually trading them as CFDs, which means you are only trading the price movement and not the actual commodity.
This gives you the flexibility to trade a fraction of the standard contract. So, instead of trading 1,000 barrels of oil, you can trade a smaller lot of say 100 barrels. This is ideal particularly if you are just starting out in trading commodities as you can set aside a smaller amount of your trading capital to get exposure in this liquid market.
Below is the full range of commodities you can trade via our MetaTrader 4 trading platform.
|Instrument||Symbol||Spread||Lot Size||Trading Hours|
|Spot Gold||XAUUSD||Variable||100 oz||24h*|
|USOil||USOUSD||Variable||1,000 Barrels||00:06 24:00|
|UKOil||UKOUSD||Variable||1,000 Barrels||00:06 24:00|
*Spot gold and silver trading takes place on a 24 hour basis, with only a brief cessation during which the market closes from 17:15 Eastern Time to 18:00 Eastern Time (22:15 – 23:00 Greenwich Mean Time).
* The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.
GO Markets will automatically roll any open positions in Futures CFD contracts which will result in paying the spread (value of ASK – BID price) upon the roll. The rollover arises when the underlying instrument associated with a CFD is due for expiry and GO Markets begins to price the CFD from the next available futures contract. As the next dated futures contract trades at either a discount or a premium to the expiring futures contract, your trading account will be credited or debited the difference between the closing price of expiring contract and the opening price of the new contract, depending on your net exposure of the rolled instrument. GO Markets will generally roll futures contracts within 72 business hours of the current contract expiry date in order to avoid low liquidity and larger spreads as the current futures contract approaches expiry.
CFD trading involves significant risk.
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