Trade Commodities with MT4, the Leading Online Commodities Trading Platform

MetaTrader 4 is a leading CFD trading platform and is considered to be the best commodities trading platform available for traders.

CFDs are available for commodities and a range of assets, including shares, indices and forex and they have become accessible to all traders whether they are experienced traders or retail traders. In addition, the availability of MetaTrader 4 as the most common online commodities trading platform has helped to make CFD trading on commodities even more popular.

What are commodities?

A commodity is a raw material that can be bought and sold. There are two commodities types which are soft and hard commodities. Hard commodities refer to energy and metals products while soft commodities are often agricultural goods.

Different factors can affect commodity prices and include politics, economic events, weather, natural disasters and also the price of the USD as commodities are generally priced in the US dollar.

To explore commodity trading opportunities, you can download the MetaTrader 4, an online commodities trading platform in order to start trading commodities online.

How to trade commodities

One of the most popular ways to trade commodities online is through CFDs.

What are CFDs?

CFDs are Contracts for Difference which are a popular form of derivative trading. Basically, CFD trading involves speculating on the rising or falling prices of an asset without actually owning it.

If you place a Buy trade (or go long), and the closing price is higher than the opening price, you will make a profit. However, if the closing price is lower than the opening price then you will make a loss. The opposite will apply when you place a Sell trade (go short).

When you learn how to trade commodities, it is important that you understand how CFDs work.

Why trade commodities with MetaTrader 4?

The MT4 platform has become the industry standard for CFD trading and is used by hundreds of brokers globally.

MetaTrader 4 is an advanced trading platform and one of the best online commodities trading platforms. The platform provides traders with access to a range of tools and features to help them conduct analysis and customise their trading experience. These tools can also help them to use and build trading algorithms which can automate their trading.

Key features of MetaTrader 4

Due to its user-friendly interface, feature-rich environment and automated trading ability, the MetaTrader 4 platform makes it easy for beginners and experienced traders to participate in the commodities market.

Another feature is that all major languages are supported, so users from all around the world can take advantage of the MetaTrader 4 platform.

As well as these useful features, the software provides advanced charting capabilities. As a result, traders can execute transactions while also carefully examining the technical aspects of the market.

Another very popular feature of MetaTrader 4 is the ability to use Expert Advisors. These are automated programs that can be used for automation of analytical and trading processes.

In addition, MT4’s charts can be fully customised and adjusted to suit your individual trading needs. This makes MT4 one of the best online commodities trading platforms.

Download the MT4 platform and start your trading journey

If you are starting your trading journey, you should download the MT4 or launch it online and discover all the amazing features it has to offer. In order to do this, you need to register with an online broker who will provide you with free access to the platform.

If you want to learn more about how to trade or learn about commodity trading, IronFX has a wide range of resources online. There are lots of resources available under the IronFX School or Blog on IronFX’s website.

IronFX is a leading broker for commodity trading and other financial markets with more than 1.5 million clients across 180 countries. Learn how to trade commodities online with one of the best commodities trading platforms in the market.

DISCLAIMER: This information is not considered as investment advice or an investment recommendation, but is instead a marketing communication