Trading Commodities with Metatrader 5
With the recent increase in volatility in the markets, many traders are looking to take advantage of the opportunities presented by changes in commodity prices. The Metatrader 5 trading platform allows spot and commission-free commodity trading with CFDs.
Many people think of commodity trading with the image of the Chicago CBOT trading pit, similar to what you see in the movie Trading Places (An Armchair for Two) where Eddie Murphy and Dan Aykroyd corner the orange juice futures market.
While commodity trading looked like this in the past, in the 21st century it is electronic and commodity markets can be traded online anywhere with just an internet connection, a trading account and a broker that offers access. to commodity markets. Anyone can now trade commodities online.
The most traded commodities
The most popular commodities with traders are gold and oil. Indeed, both benefit from excellent liquidity and sources of information. However, these are not necessarily the assets to trade. The best product for any trader is the one they understand best.
As not all traders are the same and there is no perfect trading plan, there are some universal rules and things to consider when developing your specific trading plan based on your trading style.
The one where they have detailed knowledge about the market, or the supply and demand for the particular product. It is this in-depth knowledge that facilitates the successful trading of any commodity. And anyone can acquire this type of knowledge through research and study.
The main commodities available for CFD trading: Gold, Silver, Copper, Palladium, Platinum, WTI Crude Oil, Brent, Natural Gas, Gasoline (Gasoline), Fuel Oil, Wheat, Soy, Corn, Cotton, Sugar, Coffee, Cocoa, Orange Juice and more.
The Metatrader 5 trading platform
Metatrader 5 (MT5) offers the ability to trade a huge range of commodities in the form of CFDs in addition to stocks and of course currency pairs (Forex).
The Metatrader 5 platform provides all the necessary tools for financial trading, technical and fundamental analysis. MT5 offers a host of features enabling automation, algorithmic trading and copying other traders’ trades, as well as the development of custom technical indicators and trading robots.
Main features of the MetaTrader 5 trading platform
- 12 time slots
- 38 built-in indicators
- 37 graphic objects
- 6 types of orders
- Guaranteed backup and security of all data
- One-click trading
- Trading history information
- Fund transfers between accounts
- Internal mail system
- News streaming
- Netting support
- Multi-threaded strategy test
- Trade with confidence and take advantage of over 277 instruments!
» Metatrader 5 Platform Free Trial
Best Regulated Broker for Commodities Trading
Avatrade offers a comprehensive set of trading instruments including over 50 currency pairs across forex, stocks, commodities and indices. Avatrade is a trusted forex and CFD broker authorized by financial authorities on five continents.
See » Official website
In Canada, Avatrade services are offered by Friedberg Direct, a division of Friedberg Mercantile Group Ltd., member of the Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF ) and all Canadian exchanges. The head office of Friedberg Mercantile Group Ltd. is located at 181 Bay Street, Suite 250, Toronto, Ontario M5J 2T3, Canada.
- AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877)
- AVA Trade Ltd is regulated by the BVI Financial Services Commission
- Ava Capital Markets Australia Pty Ltd is regulated by ASIC (No.406684)
- Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.445984)
- Ava Trade Japan KK is regulated in Japan by FSA (No.162) and FFAJ (No.1574)
*Avatrade does not accept customers from the United States of America
*Risk Warning: Trading Forex/CFDs and options on margin involves a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade such leveraged products, you should carefully consider your investment objectives, level of experience and risk appetite. You may lose some or all of your initial investment. You should therefore not invest funds that you cannot afford to lose. You should be aware of all the risks associated with margin trading and seek advice from an independent financial adviser if in doubt.