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Trading platform capabilities for trade commodities in the UAE 

If you have realized that you want to try investing in commodities, you should know about the possibilities of  commodities trading platform in the UAE. Different shopping sites used by different intermediaries in this area have their own strengths and weaknesses. One such platform is our online brokerage platform. It is currently available to everyone, both beginners and experienced traders. 

Let's take a look at some of the key features of the platform to help you choose which one is best to use. To begin with, commodity commerce is inherently quite unsafe. Commodities such as oil, natural gas and alloys are, by their very nature, considered extremely volatile. Hence, traders must be prepared to quickly and efficiently capitalize on market changes. Since commodity prices are based on supply and demand, it is imperative to have reliable data and reporting method. This is where commodity trading charts can really come in handy. You can always find them on our platform.

In order to quickly inform consumers, a commodities trading platform must have reliable trademarks. These indicators are designed to help users detect price trends and movements. Some popular indicators for trading goods are the Moving Average Convergence Divergence Index (MACD), Simple Moving Average Convergence or SMA, and the RSI Strength Index. You can customize these indicators to suit your needs, for example, set the required timeframe.

Commodities trading platform in the UAE
Commodities trading platform in the UAE

Timeframe is the time interval for displaying the movement of quotes on the price chart. The price movement on the chart is represented, as a rule, in the form of candles (or bars), which have the same time period corresponding to the selected timeframe.

However, most experts recommend sticking to simple ones. Simple indicators are easier to understand. You don't have to resort to complex mathematical calculations. Plus, you don't need to include multiple codes.

Remember, however, that indexes can also work against you if you choose the wrong ones or don't learn how to use them. We advise you to learn how to start by choosing a demo account for commerce instead of a real one.

If you are dealing with commodities, you should always be aware of the current state of the market. What are the most important factors affecting price movement? This will give you a good idea of ​​how best to control the prices you set. It will also make it easier to enter and close trades. The platform should offer you indicators that will allow you to identify market trends.

To use these indicators, you must learn how to interpret charts and charts. This can be tricky if you're new to commodity trading. But everything comes only with experience, there is no other way. Once you master the interpretation of the indicators, you will be able to observe how they really affect the market and decide if it is time to enter or exit the market.

Now that you know how the commodities trading platform functions and its capabilities  in the commodity market, it's time to put it to use. Start evaluating the sector and forming your own opinion. As you gain experience, you will become more aware. The more you learn, the more valuable your advice will be. Thus, you will always be one step ahead of everyone!

Don't worry about making huge profits right away. What is important is becoming successful in predicting where the market will go before it happens. Since it involves a lot of math, it's best to start with a more conservative approach and work your way forward as you get more immersed in the commerce game. By keeping it simple, you will find that it is fairly easy to predict future market trends and act independently.

Choose your commodities for trading
Choose your commodities for trading

There are several other characteristics that are also desirable to look for in the platform, such as live feeds, indices, market trends and information updates. We provide all this, and we understand that it is extremely important for people who want to trade in the market and predict market trends.

This allows you to make more money faster and get exactly what you want from your own platform. Since there are so many products out there, it is important that you have the right one so that you understand exactly what you are doing.

Types of commodities 

The commodity is considered to be varieties of raw materials, minerals, food products. The most liquid assets are oil, precious metals, grains, sugar, dairy products, pork, beef, corn and coffee.

Today, about 100 different types of exchange goods are traded on the world's stock exchanges. The total trade turnover for them is about 20% of all international trade. For example, on one of the largest commodity exchanges in the world - CME (Chicago Mercantile Exchange), about fifteen million contracts for the supply of certain goods are concluded every day.

In trading, there are 3 main categories :

  • Energy raw materials: gas, oil.
  • Products of the agro-industrial and agricultural sector: sugar, coffee.
  • Metals: gold, silver, platinum, etc.

Obviously, some commodities are traded more actively than others. For example, oil, gold, silver are more popular than other commodities. You can buy them on our platform.

Among the most commonly used and accepted methods of trading commodities are buying and selling gold and silver. This was especially common in the United States in the 1980s. Since then, demand for gold has remained robust while prices have remained relatively stable. Usually, gold prices remain fairly stable each year.

During the crisis, investors actively buy precious metals, since these instruments are backed by a specific commodity. The likelihood that the cost of metals will approach zero is negligible, so the risk of losing all the money invested is also small. Thus, investing in goods is a great idea to reduce the risk of your financial portfolio.

Another type of investment is related to oil. Most of us are well aware that gas and oil prices are highly volatile and can easily rise or fall within hours. This is why it is usually safe to invest in commodities using futures rather than directly investing in commodities. This is a less direct way of investing as the risk of direct ownership is lower compared to using futures contracts. 

Speculators make a living by using commodity markets to speculate on fluctuations in the value of certain commodities. Because of this, commodity markets are actually quite volatile and subject to rapid price changes. This makes stock speculators extremely volatile market participants. As a result, commodity strategies need to be well thought out and refined before being used to prevent losing money.

How to start commodities trading in the UAE? 

You may have heard that investing in products is a great way to make a profit. But, it's not that easy. There are many things to consider before you decide to invest. Once you understand all the necessary points that you want to think about, you will have the confidence and motivation to create a solid decision. Therefore, it is important that you study the market itself, its laws, terminology and trends.

Registering on the investing platform
Registering on the investing platform

The first step you should take is to research the market. Study the market and see how commodity costs move. You can always turn to experts, but don't rely solely on them.

If you have ever gambled on the exchange or were involved with investing, you may have realized that it is always a good idea to open a demo account to practice how to deal with the many problems that can arise during trading. When you open a demo account, you will have virtual $10,000, you will learn all the possibilities of the platform for commerce commodities in the UAE, you will be able to gain knowledge about the market without having to spend any money.

This will give you the opportunity to see how the system works, and if you have the perfect skill set, you can successfully trade on the exchange. Do not rely entirely on your calculations, as there is always a chance that you will lose more than you make a profit. The demo account also provides all the tools you need to evaluate and monitor items.

When you have the required qualifications and skills, you can start a real account. There will be all truly real gains and losses. You can open a real account on our platform with a minimum deposit of $10. Of course, you won't be able to make millions with such an amount, but things will definitely move forward, and you will begin to gradually increase your investment portfolio. Take your time. Try it and you will definitely succeed!

Select the type of account for work
Select the type of account for work

You may stumble across some interesting articles on how best to get started trading goods in the market. You can read about tips to use when entering the current market, how to look at the profitability of your place, and how to place orders. There is no shortage of literature that teaches you the basics of trading. Once you have mastered these skills, you may want to consider investing. Good luck!

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