Octa makes commodities trading easy
What are commodities?
The value of commodities to a trader is that they have little connection with the ups and downs of currencies and the stock market, helping create a diverse and stable investment portfolio.
Modern investment offers a variety of easy ways to take part in commodities trading—the most common of these is derivative trading. It lets you take a position on a commodity’s price without actually owning the asset.
Advantages of derivative trading:
- The ability to profit from not just strong markets but from falling ones as well.
- The opportunity to speculate within a wide range of markets from just one platform.
- Margin trading lets you create a diverse investment portfolio rather than locking up all your capital within a single transaction.
Gold— XAU/USD
Commodities trading in gold has become very popular as online investment has grown—it provides one of the simplest and most affordable means of making a profit.
Gold has great transferable value and historically has been proven to be highly dependable for gold traders. Plus, in general, precious metals make an excellent bolster during periods where currencies are down and inflation is high.
Why trade commodities with Octa
Types of commodity assets
At Octa, you can trade derivatives across various commodities on OctaTrader, MT4 or MT5 with absolutely no commission:
- OctaTrader
- MetaTrader 4 MT4
- MetaTrader 5 MT5
Symbol | Description | Bid | Ask | Spread (pips) |
---|---|---|---|---|
XAGUSD | Silver on Spot | 30.22 | 30.26 | 3.1 |
XAUUSD | Gold on Spot | 2,638.7 | 2,639.0 | 3.0 |
XBRUSD | Brent Crude Oil | 73.6 | 73.7 | 0.8 |
XTIUSD | WTI crude oil | 70.5 | 70.6 | 1.1 |
XNGUSD | US Natural Gas | 3.16 | 3.19 | 3.7 |
Symbol | Description | Bid | Ask | Spread (pips) |
---|---|---|---|---|
XAGUSD | Silver on Spot | 30.22 | 30.26 | 3.4 |
XAUUSD | Gold on Spot | 2,638.7 | 2,639.0 | 3.0 |
XBRUSD | Brent Crude Oil | 73.6 | 73.7 | 0.8 |
XTIUSD | WTI Crude Oil | 70.5 | 70.6 | 1.1 |
XNGUSD | US Natural Gas | 3.16 | 3.19 | 3.7 |
Symbol | Description | Bid | Ask | Spread (pips) |
---|---|---|---|---|
XAGUSD | Silver on Spot | 30.22 | 30.26 | 3.1 |
XAUUSD | Gold on Spot | 2,638.7 | 2,639.0 | 3.0 |
XBRUSD | Brent Crude Oil | 73.6 | 73.7 | 0.8 |
XTIUSD | WTI crude oil | 70.5 | 70.6 | 1.1 |
XNGUSD | US Natural Gas | 3.16 | 3.19 | 3.7 |
Tips on commodity trading
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Analyse the market
Analyse the market
Use charts to get an idea of how gold or other commodities behave across different timeframes. Backtest your strategies on historical data to see how they would pan out. Look for patterns, wait for breakouts before trading, and trade with the trend. Get free Trading Signals to help you make your call, or use free Autochartist market reports to get a clear view on the current trends in the most popular instruments. Technical analysis is important for making the right decisions.
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Select your commodity trading strategy
Select your commodity trading strategy
Derivative and Forex trading strategies vary in time and effort required, as well as in the analysis and tools they are based on, and most importantly, in the market situations they suit. Getting familiar with several strategies may prove beneficial for your trading.
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Learn what influences the commodity price
Learn what influences the commodity price
There are many geopolitical and economic factors that will have an effect on the price of a commodity. Without question, the biggest factor influencing commodity prices is supply and demand in the market. Stay on top of market news and equip yourself with weekly and daily forecasts from our analysts to make informed decisions.
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Don't forget about risk management
Don't forget about risk management
Protecting your account against adverse price fluctuations is an essential part of a trading strategy. Learn about the essential techniques of risk management.
and start trading commodities online