Some of the main reports for you to look out for include the Cotton and Wool outlook, published by the USDA’s Economic Research Service. Also, pay close attention to weather reports, which can impact heavily on supply and as a result prices.
When trading gold and silver, you must be aware of what they are both used for the major producing and exporting nations, as well as the big consumers and importers.
Due to the fact that the oil is formed deep underground, extraction is a very costly process. Prices are nevertheless determined by supply and demand, as well as seasonal and political factors.
Pips are the smallest unit in Forex trading – they’re worth a hundredth of a cent. That’s why leverage is important; but it’s also why forex is relatively immovable.
Trading indiexes is almost as fascinating as trading the assets they cover. You need to stay ahead of the news, but also master their unique language.
Lots, leverage and margin – don’t go anywhere near the trading world before you fully udnerstand these three concepts.
The FTSE 100 Stock Market Index (the ‘footsie’), is an index made up of 100 companies listed on the London Stock Exchange.
A tick is, therefore, the smallest possible price change for any commodity-based instrument and the size of a tick is unique to each instrument in question.
A tick is defined as the smallest price movement of an instrument, in other words, the minimum increment in which the price can change.
Natural gas and heating oil can both be categorized as distillate energies, or distillates, whereas natural gas is a commodity extracted by drilling for gas deposits often found alongside crude oil reserves.