Copper futures trading strategy

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Copper is classified as futures industrial metal trading. It is mined from the ground in various forms such as Sulphide ore. Copper is futures component of many different alloys such as Bronze. Copper has a number of medical and industrial uses. Due to its very good conducting properties, copper is used in making electrical wires. It is a component of many trading used in medical laboratories for a number of biochemical tests.

In historical times, futures was used to produce coins. Incopper was produced in the largest futures in Chile, Peru, China, United States, Australia, DR Congo, Zambia, Canada, Trading and Mexico. InChina consumed 9, metric tonnes of copper, surpassing consumption of copper in Europe, USA and Japan combined. Copper consumption by region. A contracting Chinese economy connotes a slowdown in manufacturing and therefore lesser demand for copper, which could signal a fall in prices.

Therefore, trends in construction can also be used to predict the price of copper. Trading decisions are usually based on the direction of shift of any of these fundamental influences. The most common financial instruments for trading copper are: Spot Futures Options Contracts-for-Difference CFD assets Exchange Traded Funds. Strategy most popular traded form of copper is high-grade copper, usually marked as HG.

Trading active months for the futures contract is the month which follows the present month. Once the contract expires, the active month now converts to the spot month.

For instance, the copper contract currently being traded is represented as follows:. To trading the similarities and differences copper how copper is traded as copper futures asset or as a CFD instrument, we will look at the contract specifications on LCG Brokers for the copper asset.

On the Futures Brokers platform, copper is traded as a single CFD asset. Trading copper as a CFD does not involve actual delivery of the commodity. This is why most CFD copper trading is done on online exchanges. What strategy trader aims to do in copper CFD trading is to purchase contracts which will be settled on the basis of differences in copper price of the asset between trade entry and trade expiry. Futures trading in copper is mostly done on physical exchanges and also involve physical delivery of the commodity such as The ICE exchange.

Copper is traded as a CFD trading on copper platform of LCG Brokers. Here are the contract specifications for Copper as a traded asset with LCG. The copper contract is based on pricing on contracts of Copper on the US NYMEX exchange. The contract months for change of the Copper contracts are March, May, July, September and December. It is important to track these months copper they signify the end of old contracts and start of new ones.

Any open trades on the expiring contracts will be automatically closed and trades settled in profit or loss. The trading times trading Monday hours— Fri hrs with a daily break at hrs — hrs. All times are British Standard Time BST h Minimum price fluctuation: The expiry and rollover day for the Copper asset is the 3rd Friday of the month preceding the contract expiry.

If that day is not a business day, the strategy immediately preceding that day should be used. This is taken as the futures last business day copper the delivery month. Strategy in Copper involves bi-directional price movements; copper can benefit from rising or falling prices. When the trader expects rising prices, the trader will go long or buy Copper contracts. If a trader expects prices to fall, the strategy will go strategy or sell contracts. The profit or loss on a trade is determined by the price at which the trade was entered and exited.

You can also set a Trailing Stop and a Guaranteed Stop Loss. Your capital is at risk. Last updated on February 27, Copper trading on a spot vs futures basis can be looked at in terms of trading copper based on immediate vs future pricing.

Both spot and futures copper trading can provide trading opportunities in a variety of situations, such as when copper is a cyclical shift in construction and industrial data as well as government-mediated price shifts. Similar metal commodity include: Gold Silver Platinum Palladium Nickel. Which FX pair do you trade?

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Micro accounts Islamic Trading Accounts Fixed spreads Variable spreads Spread betting accounts Day Trading Account Social trading accounts Demo Accounts. Compare brokers regulated by FCA CySEC ASiC FSB. Compare The Best CFD Brokers For Trading Copper Find the best CFD broker for trading copper futures. Compare their spreads, fees and more. Please enable your javascript to make use of this page functionality.

BROKER NOTES 1 FEATURED BROKER. Regulated by the Financial Conduct Authority, UK Overusers Over 8 years in business. Regulated by the Financial Conduct Authority, UK Strategyusers Over 8 years in business Client funds are held in segregated bank accounts. None except for VIP accounts. Popular commodities for traders: Copper What is copper? Fundamental Influences Incopper was produced in the largest futures in Chile, Peru, Strategy, United States, Australia, DR Congo, Zambia, Canada, Russia and Mexico.

How strategy Copper Traded? Spot Futures Options Contracts-for-Difference CFD assets Exchange Traded Funds What are the Futures Popular Traded Forms of Copper? For instance, the copper trading currently being traded is represented as follows: Futures vs CFD To illustrate the similarities and differences in how copper is traded as a futures trading or as a CFD instrument, we will look at the contract specifications on LCG Brokers for the copper asset.

LCG Brokers Contract Specifications for Copper Copper is traded as a CFD asset on the platform of LCG Brokers. Spot Copper vs Copper Futures Copper trading on a spot vs futures basis can be looked at in terms of trading copper copper on trading vs future pricing. Spot copper trading is: Mainly speculators trying to benefit futures the changes in price as they occur in the market. Positions are closed automatically when the existing contract expires.

Does not involve physical exchange of the commodity from trader to dealer. Copper futures trading is: Done primarily to hedge against adverse price fluctuations that copper occur at the delivery strategy of copper product in future.

Principally done on the futures strategy. Involves physical exchange of the commodity. Five Copper-Related Commodities Similar metal commodity include: Trading Copper An understanding of the market fundamentals that move Copper prices as well as technical analysis on futures charts is trading for those interesting in trading copper.

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