Copper Futures Trading

Copper Futures Trading

Copper futures, may not reach the pinnacles of gold and silver, but it's worth, and in principle outweighs its monetary gains. For example, copper is used as a hedging tool, for global price discovery, that leads to a diversified portfolio.

Copper futures, are considered to be a standardized, exchange traded contracts that both the buyer and seller have to come to a mutual consensus on delivery of goods on a future deliver date. The two markets where copper is exchanged are the London Metal Exchange (LME) and the New York Mercantile Exchange (NYMEX). When quoting prices, under the London Metal Exchange, all contracts are negotiated in dollar and cents/metric ton, with lot sizes of 25 tonnes. In addition, with the New York Mercantile Exchange, everything is traded with 250,000 in dollar and cents/pound. In these two respective markets, the symbol for copper is CA on the London Metal Exchange, with an initial margin of 19%. Moreover, the New York Mercantile Exchange the symbol is HG, with an initial margin of 21%.

Setting goals, when investing, maps out how you want to approach coppers futures. A simple to goal, is to trade virtually, online for couple months, before investing money, to get an idea of the initial losses, or gains that could be made. Get a feel for fluctuations and copper market "personality" When trading futures with a broker, an in-depth analysis of their trading platforms, on how, each contract will be initiated, delivered, and completed, is vital. Understand, there are trading fees, for each contract, and that has to be part of the long term plan and budget, when trading futures.

Copper futures traded on COMEX division of NYMEX are open almost 24 hours a day 5 days a week.

Visit the exchange website for up to minute schedule: http://www.cmegroup.com/trading/metals/base/copper_contract_specifications.html

As one of the first online commodity brokers in the industry, Cannon Trading has helped clients all over the world achieve their trading goals. We have been in business since 1988, and have received several customer service awards, and consistently maintained good standing with the NFA and CFTC.

Our professional commodities brokers will work with you to understand your specific trading style and requirements, and provide you the essential advice and information you need to thrive in this highly lucrative market.

Cannon Trading's Broker-assisted Trading solution provides traders who are new to the field with the essential advice and tools they need to accelerate their understanding of the copper futures market.

Contact us today to learn more about commodities trading, as well as information on options prices and contracts. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.