Nations around the world embraced gold and silver as a store of wealth and a medium of international exchange. Individuals have sought to possess precious metals as insurance against the day-to-day uncertainties of paper money. Gold, silver, platinum and palladium constitute the majority of trading in precious metals.
Crude oil serves as the primary raw material for the production of gasoline, heating oil, jet fuel, propane, petrochemicals, and various other products. The price of crude oil is determined by the movements on three major international petroleum exchanges: the New York Mercantile Exchange, the International Petroleum Exchange in London, and the Singapore International Monetary Exchange.
Crude oil prices have historically exhibited high volatility and are heavily influenced by the forces of supply and demand. Similar to other commodities, crude oil prices experience significant fluctuations during periods of scarcity, oversupply, and political instability. The price cycle of crude oil can extend over several years.
There are two main types of crude oil: sour crude, primarily originating from OPEC countries, and West Texas Intermediate (WTI) or sweet crude. The price of WTI is traded on the New York Mercantile Exchange (NYMEX). Crude oil futures trading on the NYMEX began in 1983, and it is currently one of the most actively traded commodities.
The contracts are quoted in dollars and cents per barrel, with each contract representing 1,000 US barrels (42,000 US gallons). The minimum price fluctuation for crude oil is US$0.001 per barrel (US$10 per contract).
Crude oil Futures trading has always been of tremendous interest to speculators who hope to profit from the ever changing price of this commodity.JMI Brokers offers (OTC) Light Sweet Crude Oil and Natural Gas Contracts. Crude Oil and Natural Gas are the world's most actively traded Energy contracts. Both contracts have Transparent pricing and deep liquidity and easy-to-access industry informatio
A client believes that the EUR is due to rise in the future against US dollar, to get benefit of the situation the client intends to buy EURUSD. EURUSD is quoted at 1.3740 - 1.3743, the client buys 2 lots at 1.3743, the client requires minimum deposit of 1000 $ for each lot.EURUSD prices rise to 1.3810 - 1.3813, the client is satisfied with his profit and wants to close his positions, he therefore sells 2 lots of EURUSD at 1.3810, so the client has made profit of 67 points (1.3810 - 1.3743 = 0.0067) . To calculate the profit we will do the following: *Commission charges are NOT included in the above calculations
A client believes that the JPY will weaken in the future against US dollar, to get benefit of the situation the client intends to buy USDJPY. (Buying USD & selling JPY) USDJPY is quoted at 112.50- 112.53, the client buys 4 lots at 112.53, the client requires minimum deposit of 1000 $ for each lot.USDJPY prices rise to 112.95- 112.98, the client is satisfied with his profit and wants to close his positions, he therefore sells 4 lots of USDJPY at 112.95, so the client has made profit of 42 points (112.95 - 112.53 = 0.42). To calculate the profit we will do the following:*Commission charges are NOT included in the above calculations
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