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- Home
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- Commodities
- Understanding the underlying commodity: It is essential to understand the commodity you are trading, including its market dynamics, supply and demand factors, geopolitical events, and economic indicators that affect its price.
- Risk management: Trading commodity CFDs involves risk, and traders should always consider using risk management tools such as stop-loss orders, take-profit orders, and limit orders to minimise potential losses and lock in profits.
- Leverage: Commodity CFDs typically offer leverage, which means that traders can control a larger position than their initial investment. While leverage can increase profits, it also magnifies losses, and traders should always be mindful of the risks.
- Market analysis: Successful trading requires a sound understanding of market trends and analysis. Traders should use technical and fundamental analysis to identify potential trading opportunities, as well as stay up-to-date with news and events that may affect commodity prices.
- Trading strategies: There are various trading strategies that traders can use when trading commodity CFDs, including scalping, swing trading, and position trading. Each strategy has its own benefits and risks, and traders should choose a strategy that aligns with their trading goals and risk tolerance.
- Commodity-specific considerations: Each commodity has its unique characteristics that traders should consider when trading CFDs. For example, the price of oil can beaffected by geopolitical events and supply disruptions, while gold is often viewed as a safe-haven asset during times of economic uncertainty.
- How does Commodity CFD trading work?
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Commodities are usually traded in exchanges that specialise in these products, like the New York Mercantile Exchange (NYMEX) or the London Metal Exchange. Commodity CFDs are traded using standard size lots – e.g. 1,000 barrels of crude oil. When trading commodities with GO Markets, you are actually trading it as a CFD, which means you are only trading the price movement and not the actual commodity. This gives you the flexibility to trade a fraction of the standard contract. So, instead of trading 1,000 barrels of oil, you can trade a smaller lot of 100 barrels. This is ideal particularly if you are just starting out in trading commodities, as you can set aside a smaller amount of your trading capital to get exposure in this liquid market.
Commodities
Commodities: among most heavily-traded, closely-watched products in global markets. With GO Markets you can trade economic fundamentals like gold, oil and silver, using MT4 and MT5.
Commodities
Commodities: among most heavily-traded, closely-watched products in global markets. With GO Markets you can trade economic fundamentals like gold, oil and silver, using MT4 and MT5.
Why trade Commodities with GO Markets?
Competitive spreads
We give you tight, competitive spreads across our full range of commodities
Leverage up to 500:1
Use leverage to control a larger position size with a smaller initial investment
Fast trade execution
Low latency and efficient price feeds mean you enjoy quick trade execution
Lower trading cost
Compared to other instruments commodities attract a much lower cost, so you trade with less expense
Trade across devices
Our mobile MT4 & MT5 trading platforms allow commodity trading across your preferred devices
Trade long and short
You can take long or short positions on commodities as you only trade the price movements
Commodities the clever way: MT4 & MT5
With GO Markets you access commodity trading platforms among the most popular: MT4 and MT5. And using our MT4 Genesis platform and smart trading tools, you can track commodity prices in financial centres across the day. You can also set alerts to capture price movements, particularly around high-impact events like crude oil inventory reporting.
*With leverage both gains and losses are magnified. You should only trade if you can afford to carry these risks.
Trading Commodity CFDs
Commodity CFDs are contracts for difference that allow traders to speculate on the price movements of various commodities without having to own the underlying assets. Commodities are physical goods that are typically traded on global markets, such as oil, gold, silver, natural gas and soft commodities like wheat and soy.
Trading commodity CFDs involves buying or selling contracts that represent a certain quantity of the underlying commodity, with the profit or loss being determined by the difference in price between the opening and closing positions.
Here are some key points to consider when trading commodity CFDs:
Range of Commodities
All InstrumentsAll Instruments
Below is the full range of commodity CFDs you can trade via our MetaTrader 4 & MetaTrader 5 trading platforms:
Instrument Symbol Spread Lot Size Trading Hours (Platform time) Spot Gold XAU/USD Variable 100oz 01:01-23:59 Spot Silver XAG/USD Variable 5,000oz 01:01-23:59 Copper Futures COPPER-F 0.004 25,000 lbs 01:00- 24:00 Spot WTI Crude Oil USO/USD Variable 100 Barrels 01:00-24:00 Spot Brent Crude Oil UKO/USD Variable 100 Barrels 03:00-24:00 US Oil Futures USOil-F Variable 100 Barrels 01:00-24:00 UK Oil Futures UKOil-F Variable 100 Barrels 03:00-24:00 Soybean Futures SBEAN-F Variable 10,000 bushels 03:00-15:45,16:30-21:20 Wheat Futures WHEAT-F Variable 10,000 bushels 03:00-15:45,16:30-21:21 Spot Natural Gas NGAS 0.013 10,000 MMBtu 01:00-24:00 Integrated platform power
MetaTrader 4
A popular platform with new and expert traders for trading Forex, analysing markets and using EAs.
Learn moreMetaTrader 5
This powerful multi-asset platform lets you trade Forex, Shares and Futures as CFDs.
Learn moreGO trading in just a few steps
1. Confirm your identity
In just minutes we can verify your identity and create your account.
2. Fund account
Deposit a minimum of $200 from a debit card or bank transfer to start trading.
3. Place your trade
Take a position in your choice of instrument.
FAQs
New to CFD Trading?
Insightful news and analysis
Stay informed with news that directly impacts the Forex, Index and Commodity markets.
News and analysisTrusted, regulated broker
Established in Australia in 2006, GO Markets is a trusted, regulated online CFD trading services provider.
About GO MarketsMore than just Commodities
Diversify your portfolio with the wide range of CFDs from GO Markets. Trade Forex, Indices, Shares and much more. Follow the links below to learn more about our other products.
Ready to start trading? Open an account or try our free demo.