SUMMARY
Commodities are raw materials that are sourced through the world and used to create goods; there are four popular types of commodities, including energy, metals, agriculture, and livestock. More specific examples of well-known commodities include sugar, iron ore, and cattle. The value of individual commodities is based on supply and demand. Essentially, if there is more supply than demand, the commodity’s price will be lower than if there is less supply than demand for the commodity. In the trading world, traders will buy and sell commodity trades based on their predicted value shifts. If traders believe the value of a commodity will go up over time, they will buy shares and hold them in hopes of selling them later for a substantial profit. If traders believe that a commodity’s value will decrease, they will borrow shares from current holders, sell them when the price of the share is high, and then repurchase them when the price falls. Investors and traders become involved in the commodity market to diversify their portfolios.
Fees
Account Opening
As with all apps, you will find it located in your mobile devices’ app store. Download the app from there, start it up, and you will be prompted to input some information and set your preferences. When all of this information is entered, you will be given a choice to practice with the demo account, and then you can move over to a live account. Using the demo account first will allow you to play with settings and gain familiarity with the process of executing trades, so we do highly recommend it.
Deposit & Withdrawal
Trading & Platform
When a trader is interested in commodities, they typically search for a platform that houses multiple trading options as this will give them various opportunities for trading amongst the volatile market. Commodity options included within the Commodity Broker Live Markets app include metals, energy, agriculture, and livestock, which are the most popular commodities traded. Within those categories you’ll find commodity options such as gold, ice, soybean oil, and crude oil. In addition to the wide variety of commodities, the app also provides users with a demo account to practice using the platform before investing actual money. We say this in almost all of our articles, but it’s worth repeating; we recommend taking full advantage of the demo account. Why wouldn’t you? The demo account gives you real practice to experiment and figure out if the platform houses features that you want. The app boasts that it has recently incorporated an AI module that makes predictions with a 90% accuracy level so that traders can feel more confident in their positions. Other features listed on the app’s homepage include pivot levels, performance data, 24/7 support with live calls, push notifications for real-time news updates, and commodities technical analyzer tools. Data provided on the app include unemployment rates, inflation rates, interest rates, and retail rates, which can all be combined to give you a complete picture of the commodity market. One of the best features of the app is that it allows for both long and short trading, which we explained at the beginning of this article. The bottom line is that there are many features to help traders be in the know and succeed with their chosen trading positions.
If you do give the Commodity Broker Live Markets App a try, please let us know your thoughts so we can update this article as needed. As always, Happy Trading, friends!
