Famous for its extensive list of tradable assets, quotex broker is a go-to trading platform for FX, stocks, and cryptos. M use QuotexMany traders use Quotex, but only some know the wide variety of commodities it facilitates trading in. Here we’ll examine a few things you can buy and sell on Quotex and how you can use that to your financial advantage.
Commodities are traded worldwide as raw materials to produce other goods and services. Metals like gold, silver, platinum, and agricultural products like coffee, cocoa, and wheat are just some of the many tradable commodities available on the Quotex platform. Quotex also allows for trading energy commodities like crude oil and natural gas.
Many investors find that trading commodities on Quotex are a great way to diversify their portfolios, and this platform offers many benefits. To begin, commodities can be a hedge against market volatility because of their low correlation with other asset classes. In addition, fluctuations in commodity prices due to supply and demand imbalances can be exploited for financial gain in Quotex commodities.
Creating and funding a Quotex account with funds is necessary before you can begin trading commodities on the exchange. When you’re ready, you can start researching the various items and settling on a single one to change. To make a trade in Quotex, you must first determine your desired outcome, then select the desired change, and finally select the desired number of contracts to buy or sell. You can establish stop-loss and take-profit levels to limit losses and maximize gains.
Quotex provides real-time market data, technical analysis tools, and trading signals, all of which can aid traders in making educated decisions. For added convenience, the quotex platform also offers a mobile app that can be downloaded and used to make trades from virtually anywhere.