CFDs. Commodities.

Commodities are also popular with traders, as many economies depend on producing or extracting such goods. Trade in raw materials arose much earlier than currency, d for a long time, they existed in parallel. But the success of universal and specialized commodity exchanges could not fail to attract the attention of Forex market participants. Currently, currency markets are traded on commodity markets and commodities on Forex. For trading, such raw materials are available as:

 

Metals – gold, aluminum, platinum, copper, silver.

Food – rice, sugar, soybeans, coffee beans, wheat, and corn.

Energy – oil, coal, natural gas.

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All these products are traded in US dollars and affect the US dollar and the currencies of other superpowers like Russia, Canada, Brazil, Australia, and China. For example, if the price of one barrel of oil rises, the value of the ruble or the Canadian dollar will increase because oil production is the leading of the economy of these countries. Also, a list of commodities is called safe assets, as fewer risk influences them during important political or economic events.

  

The largest commodity exchanges:

 

• New York Mercantile Exchange – NYMEX (CME Group), where trades on natural gas, crude oil, and gasoline.

• Chicago Mercantile Exchange – CBOT (CME Group), where cereals are traded.

• London Metal Exchange – (LME) specializes in non-ferrous metals.

• ICE Exchange – Intercontinental Exchange, specializing in energy.