Commodities
The term “commodities” refers to natural resources that are derived from nature. These are mostly used as raw materials for other products. In this sense, commodities are resources that are eventually consumed, for example oil or gold.
With Sense-Stock you can trade a plethora of commodities in many different fields:
- Metals such as gold, silver, platinum, copper and others.
- Agricultural products such as wheat, cocoa, coffee, sugar and others.
- Energy resources such as natural gas, crude oil and others.
When trading these types of products, keep in mind that we offer you low commissions as well as tight spreads, enabling as many customers as possible to get into commodity trading.
Different commodities have different trading hours, so please check the table below in order to keep yourself informed. Even though the hours vary depending on the asset, you can always get in touch with an Sense-Stock representative for further information and strategies.
What are Contracts for Difference?
Before we delve further into commodities and other CFD asset classes it is important to explain what CFDs are. Contracts for difference (CFDs) are derivative products which enable you to trade on the price movement of underlying financial assets (such as commodities).
A CFD is an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time at which it’s closed. What is really important to understand is that when trading a CFD you never actually own the asset or instrument you have chosen to trade, but you can still benefit if the market moves in your favour, or make a loss should the market move against you.
On our platforms, you can trade CFDs on the world’s most popular commodities. The most common of these are gold and oil, and these two have a very important thing in common: at some point in history, people selected a specific weight and currency at which they would be traded.