Gain Capital UK adds brent crude oil to its ForexTrader platform
Hedgeweek reports that Gain Capital's UK division has added brent crude oil to its ForexTrader platform, enabling clients to trade oil alongside global currencies and spot metals.
'Economic fundamentals have become a significant driver of oil prices. This factor and the inverse relationship between oil and the US dollar means trading oil is a fairly natural extension and an interesting alternative to currency trading,' says Jane Foley, director of research for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com.
Forex.com offers brent crude oil as a contract for difference with five per cent margin and the flexibility to trade small contracts from just one lot, representing 100 barrels. The contract tracks the current price of Brent crude on the Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.
In addition to trading tools such as real-time charts and news, clients will also receive daily market commentary and analysis from the Forex.com research team on the latest market trends impacting the price of oil.
Glenn Stevens, chief executive of Gain Capital, says: 'Having launched gold and silver contracts on our ForexTrader platform earlier this year, oil is the next logical step in our product expansion. We will continue to add new products to all of our platforms to help our clients take advantage of global trading opportunities.'
Hedgeweek reports that Gain Capital's UK division has added brent crude oil to its ForexTrader platform, enabling clients to trade oil alongside global currencies and spot metals.
'Economic fundamentals have become a significant driver of oil prices. This factor and the inverse relationship between oil and the US dollar means trading oil is a fairly natural extension and an interesting alternative to currency trading,' says Jane Foley, director of research for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com.
Forex.com offers brent crude oil as a contract for difference with five per cent margin and the flexibility to trade small contracts from just one lot, representing 100 barrels. The contract tracks the current price of Brent crude on the Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.
In addition to trading tools such as real-time charts and news, clients will also receive daily market commentary and analysis from the Forex.com research team on the latest market trends impacting the price of oil.
Glenn Stevens, chief executive of Gain Capital, says: 'Having launched gold and silver contracts on our ForexTrader platform earlier this year, oil is the next logical step in our product expansion. We will continue to add new products to all of our platforms to help our clients take advantage of global trading opportunities.'