Trading commodities on the Visual Trading™ platform is as simple and straight forward as it is to trade currencies. Easy-Forex® offers a number of commodities which are traded differently to currencies.
Energy Commodities traded with Easy-Forex® include, WTI Crude Oil, Brent Crude, Gas Oil and Heating Oil. These commodities are traded by investors for a number of reasons, including hedging, investing and speculating. On a large scale, energy commodities are traded by energy companies and consumers to hedge themselves against rising or falling prices.
Commodities are usually traded using futures contracts. A futures contract is a contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. At Easy-Forex® you can trade commodities using our Day Trading product, keep in mind that the deals are cash settled (you don't take delivery of the actual goods) and that they must expire on a set day in the future. The pricing of all commodities day trading deals is based on the next futures delivery month.