COMMODITY TRADING GETTING STARTED WITH COMMODITY TRADING
COMMODITIES
Even though many people are embracing trading in the current age, it dates back in the 17th century. Initially, trading was not primarily for making money but in exchange for something that you don't have. The Chicago Board of Trade is the one that encouraged more commodity trading in the 18th century and things have never been the same again.
A commodity is a good or raw material that is bought or sold by individuals or institutions. Commodities are what makeup goods and services in commerce.
A commodity is a type of good that can be traded with other good of the same type, but they are standardized.
CATEGORIES OF COMMODITY MARKET Commodities can either be grown, produced or extracted. They can mainly be categorized into four:
Agricultural
Energy
Metal
Environmental
LEARN HOW TO INVEST IN COMMODITIES TODAY!
DRIVERS OF COMMODITY PRICES Every commodity has its factors that affect its price. Most of the time the prices are influenced by demand and supply.
Commodity demand
Commodity supply
US Dollar
Commodity substitution
Weather
IS IT WORTH TRADING IN COMMODITIES? Trading is a good investment option and some of the main reason that you should look into trading commodities include:
Diversification of your investment
Increased population
Inflation
HOW TO INVEST IN COMMODITIES There are several channels of investing in commodities and they include:
Physical commodity
Futures
Options
Commodity ETFs
Commodity shares
Contracts for Difference (CFDs)
COMMODITY TRADING STRATEGIES
If you are getting started with commodity trading, it is important to look at the commodity trading tips for beginners so that you may know the best commodity trading strategy to use. Once you know types of commodity trading strategies it will be easy for you to choose something that works for you. The strategy you will use will depend on the commodity niche that you settle on.
MIKE SAWYER TELLS ALL IN HIS JOURNEY TO 100K
THANK YOU…