How to Trade Commodities - Binary.com Trading Video

How to Trade Commodities - Binary.com Trading Video

Tune into this quick tutorial video to learn the basics of commodities trading. Explore the simple fundamentals and how to place trades in just 90 seconds. The video transcript: What are Commodities? Today, we’re going to explain a little about what Commodities are and how they work from a trading perspective. Commodities are basic goods that can be traded with other commodities. Lots of commodities are either grown or extracted from the ground, such as silver, gold, and oil. Commodities have to follow some criteria: they have to be tradable; they have to be physically deliverable; and they have to have an active market of buyers and sellers. There are two types of Commodities: “Hard Commodities” and “Soft Commodities.” Hard Commodities are things like oil, iron, gold, and silver. Soft Commodities include agricultural products like soybeans, rice, and wheat. Commodities have to be similar and interchangeable. So, soybeans or gold from one market should be the same quality or purity as soybeans or gold from another country. There’s a lot more to learn about Commodities. So, if you’re interested, check out the Learning Center on Binary.com, where you can explore tons of educational resources. Or if you’d like to jump right in, sign up for a virtual account at Binary.com, where you can start learning how to trade for free. Hope you’ve enjoyed this short video on Commodities from Binary.com. Sharp prices. Smart trading.



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