It also has a high melting point and catalytic properties. As with futures, options have an expiration date. If prices decline, traders must deposit additional margin in order to maintain their positions. Instant online verification We can usually verify your identity immediately. Nickel traders keep close tabs on Chinese inventories , in particular, since they have the largest impact on nickel prices.
How to Invest in Nickel
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Easy account opening You could be set up and trading in three minutes with these simple steps. Instant online verification We can usually verify your identity immediately. Fund and start trading Withdraw money easily, whenever you like. The most common financial instruments for trading copper are: The most popular traded form of copper is high-grade copper, usually marked as HG. The 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 illustrate the similarities and differences in how copper is traded as a futures asset or as a CFD instrument, we will look at the contract specifications on LCG Brokers for the copper 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 the trader aims to do in copper CFD trading is to purchase contracts which will be settled on the basis of differences in the 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. Here are the contract specifications for Copper as a traded asset with LCG. It is important to track these months as 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 are: Monday hours— Fri hrs with a daily break at hrs — hrs. 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 day immediately preceding that day should be used. This is taken as the 3rd last business day of the delivery month. Trading in Copper involves bi-directional price movements; traders 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 trader will go short or sell contracts. The profit or loss on a trade is determined by the price at which the trade was entered and exited.
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 there 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. See Details Try a Demo. Fixed Variable See Spreads. Live chat Phone support Email support Contact Details. Financial Conduct Authority, A Let our tool do the hard work of finding your next broker. Try it Now Visit BrokerNotes. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions.
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