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 commodities trading with CFDs.
Many people think of commodity trading with the image of Chicago’s CBOT trading pit, similar to what you see in the movie Trading Places where Eddie Murphy and Dan Aykroyd corner the contract market futures on orange juice.
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, Petrol (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 currencies (Forex).
The Metatrader 5 platform provides all the necessary tools for financial trading, technical and fundamental analysis. MT5 offers a host of features allowing for automation, algorithmic trading and for 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 Commodity 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 B.V.I 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 K.K. is regulated in Japan by FSA (No.162) and FFAJ (No.1574)
*Avatrade does not accept customers from the United States of America