Instruments and markets
Commodities
Raw materials traded as instruments - energy, metals and agricultural products. Prices are driven by physical supply and demand rather than by interest rates, which makes them move on a different calendar from financial instruments.
GFN’s figure
Commodities may be traded on GFN accounts where available on the platform, at leverage that varies by instrument, under the same daily loss limit and drawdown floor as every other instrument.
In detail
Commodities,explained
Commodity instruments follow inventory reports, production decisions and weather rather than central bank meetings, so the calendar that matters is a different one entirely.
Ranges are wide and liquidity varies enormously between contracts, so position sizing needs to be set per instrument rather than carried across from forex.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Crude oil
The two benchmark crude grades - WTI in the US and Brent internationally - traded as instruments priced per barrel. Both are volatile and both respond to inventory data and production decisions.
Natural gas
A traded energy instrument priced per unit of gas, known for volatility well beyond any other commodity. Weather forecasts and weekly storage data drive most of its movement, and daily ranges regularly dwarf those of currency pairs.
XAU/USD
The symbol for spot gold priced in US dollars - XAU is the code for one troy ounce. It is the most traded metal instrument and one of the most volatile instruments on a retail platform.
Silver
Spot silver, quoted as XAG/USD in US dollars per troy ounce. It tends to move with gold but with a larger percentage range and materially thinner liquidity, which makes position sizing carried over from gold too large.
Tick value
What one minimum price increment is worth per contract. It is the futures and index equivalent of pip value, and it converts a stop distance directly into a dollar figure.
Also governed by /rules/instruments
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation