In the last few years commodity trading has gained much popularity among traders and investors. Commodities are considered natural resources such as sugar, oil, cotton, corn, wheat, etc. which all have a wide usage. Commodity trading is a type of trading in which all these natural resources are bought or sold. Many investors consider commodity trading to be risky, so it is very important to take some important factors under consideration before getting involved in trading. One of the most important factors to pay attention to when starting trading is the choice of commodity trading software.
How to Choose Commodity Trading Software
Forex trading software varies from a broker to a broker. Each Forex broker offers its own trading software by pointing out the key features of the platform. Investors can easily find out which trading software is the best for starting commodity trading just by opening a demo account. Now let us point out the most important components that each platform should have.
- Wide range of commodities
- Different charts and market data
- Different indicators
- Various risk management tools
- Opportunity of setting or removing different trading orders
- Opportuinty of getting the full history of trading transactions
- Real-time balance tracking
Commodity Trading Software NetTradeX
Apart form the popular MT4 Software, IFC Markets has developed a new trading analytical platform NetTradeX, which gives investors a chance to trade both on Forex and CFD markets. NetTradeX has a number of advantages that distinguishes it from other trading platforms: wide choice of trading instruments, the existence of different trading orders like Pending, OCO, Activated, Stop Loss, Take Profit, Instant execution, large number of tools for technical analysis, etc. Note that NTL+ language for creating expert advisors is also available on the stock CFD trading platform, which may provide trading signals.
One of the main advantages of NetTradeX is the possibility of creating, analyzing and trading your own limitless financial instruments through innovative GeWorko Method.
IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Mobile. The company also offers MT4 platform available on PC, Mac OS, iOS, Android, Mobile and Smartphone. For comparison of the platforms, you can observe the advantages of both.