“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” Albert Einstein
Commodities are exciting to trade and relatively easy to understand. The market consists of a variety of physical goods, including natural resources such as oil, metals such as gold and silver, and agricultural products such as corn and wheat. Their relationship to other assets, for example between the USD and oil, makes commodity trading an important part of any expert’s portfolio. It is often the next natural step for those who have previously traded forex and currencies.
The value of commodities like gold and oil is largely affected by geopolitical events and economic reports, from the threat of war in the Middle East to employment figures. This makes the trading of commodities accessible and easy to follow in today’s world of 24/7 news, particularly for the binary trader who is solely concerned with direction and not exact price movements.