Commodity trading Is getting popular amongst investors. This is one of the profitable trading options today because, through time, people have voted it as the best way to build wealth while diversifying portfolios rather than only focusing on traditional securities. Yet, many people fail to understand the true essence of day trading futures in the commodity market and how to gain profitability in it. Even in the current times when people have been relying on various types of trading systems to earn a passive income, commodity trading is still seen as too complicated and dreaded to invest in.
No one is stating that this trading is the simplest option in the market, but it isn’t too hard or complicated to learn either. If you are looking away to get into day trading futures, you’ve landed at the right place. Here, you’ll get to quickly learn which commodities are best to invest in and how you can become a trading master.
As you already know what commodity trading is, we’re going to quickly go through its basic explanation for once.
What Is Commodity Trading?
As the term suggests, commodity trading is simply buying and selling of commodities. These commodities are the daily used products and goods. Of all, the best example of commodities to invest in are gold, crude oil, rice, or cocoa.
Being a commodity trader, you’ll be investing in raw materials via day futures. Since the commodity always remains put in the demand and supply chain, thus, there’s always room to generate profits.
Top 5 commodities traded worldwide
The four main categories of commodities, that is, metals, agriculture, livestock, and energy are widely traded across the globe. All of these fields present high chances to yield as a trader. However, some of the commodities offer much more in terms of capitalization because of high demand.
The top 5 commodities that are profitably traded worldwide are:
- Brent Crude Oil
Brent crude oil is one of the most traded commodities in the oil industry, globally. As this oil has a low sulfur density, people all around show a greater interest in buying and selling it.
- West Texas Intermediate Crude Oil
West Texas Intermediate crude oil is the second energy commodity that is popular in the list of traded commodities. This oil is known for its low density and low sulfur content.
- Steel
The steel industry is huge and the demand and supply of this durable metal are lucrative. Many industries like car manufacturers, railway infrastructure companies, construction industries, and so on are in continuous requirement for this metal.
- Copper
Copper is a soft and malleable metal that works as an efficient conductor of energy. Like steel, cooper too always remains in high demand on the planet.
- Iron Ore
Since steel is one of the best commodities traded, iron ore is extracted in greater quantities. People across borders are demanding the mineral hugely.
How to Study to Become a Commodity Trader
Commodity trading is lucrative and to learn its crux, you need to study or rather take up commodity trading courses to succeed as a trader.
Well, we know the best place you can turn to and learn how to earn 10-20% daily ROI on a futures trading account. Get acquainted with easy yet powerful trading techniques to master the art of future trading only with Commodities University. Discover day trading secrets with our commodity trading courses.
Start your training journey today!
Source URL: https://www.commoditiesuniversity.com/
