What is the best time to trade in the commodities market on the exchanges?
- George Solotarov
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There is no ideal time to trade commodities because commodity exchanges operate at different times. The preferred time of day for transactions depends on both the commodity itself and the particular exchange, as well as on the chosen investment instrument.
Here are some examples of the most active periods in the commodities market, when trading volumes are usually higher than usual.
CFD trading is possible around the clock - the commodities market operates continuously, subject to the session chosen for trading.
Contracts for WTI crude oil, the benchmark for the US oil market, are most liquid between 09:00 and 14:30 (EST).
Agricultural commodity prices change after the WASDE (World Agricultural Supply and Demand Estimates) report releases expected supply and demand data.
The gold market has the highest activity at the opening of the London session, at 08:00 GMT.
How do I start trading in commodities?
If you have assessed the advantages of this type of investment and decided to start trading commodities on the exchange, it is important to study all available information or training as much as possible. Next, follow the algorithm on how to start trading:
1. Choose an asset. It is better if it will be a commodity for which you will find a lot of information, with enough volatility.
2. Choose a broker. It should be the most reliable broker, known for a long time on the market, having the regulators and offering favorable trading conditions. You can also use the recommendations of Traders Union experts, who made a rating of reliable brokers.
3. Register an account with the broker and make a deposit. For this, you will have to specify your personal data: e-mail and telephone number. Before you start trading we recommend you test the broker's conditions on a demo account.
4. Decide on a trading strategy. It is important to know your next step precisely, to act according to the proven scheme, and not to rush between assets and instruments.
5. Adhere to risk management rules.
Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.