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With the advent of the Internet, the way the world does business has been revolutionized. Online commodity trading is a multi-billion dollar sector that enables buyers and sellers to reach each other, literally at the click of a button. Most of the online commodity trading is done on futures, which are also known as forward contracts. A futures contract obliges the seller to provide a commodity at a mutually agreed upon date to the buyer. Future trading includes widely traded commodities like coffee, oil, gold, sugar or financial instruments like stock market indices, bonds, or currencies. Commodities? trading is not a new phenomenon, though. It has been going on for centuries now. One can find mention about commodities trading in ancient Greek scriptures. By the 12th century, futures contracts were popular in Europe. Traders used to transact business during fairs. The fair vendors used to display samples and sold futures to be delivered at a later date. Similar references can also be found for many countries around the world, where futures started centuries ago. The early 1970s saw the boom in the futures market, with an explosion in the volume being traded. Major commodity exchanges were opened up in large cities to regularize the entire process of commodity trading. The spread of PCs and the increased usage of Internet gave rise to the ultimate boom in the commodity market. People could visit almost any exchange online and find out the latest prices for commodities. The Internet with its great communication capabilities became more than a handy tool in the hands of the buyers and the sellers. Trading became easy and the entire process of transaction was made simpler and faster. One can literally go through thousands of online commodities web sites, which offer exhaustive listings of commodities and also current trends in the various commodities market. A little bit of search can equip even a lay person with at least the basic knowledge to trade online.
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==== ==== For more information about commodities in digitized formats, including software, please click this link. http://bit.ly/el7HuE ==== ====