The next header is "Metals". What comes to your mind first?

What exactly https://www.facebook.com/mmoxxfifa14coins is a Commodity? A Commodity is often a "good" for which there's a demand from customers for. You will discover "soft commodities", which are products that happen to be grown and you'll find "hard commodities", that are items which can be obtained through mining or extraction procedures. There also others which have NO underlying product. To break this down additional so you could see the distinction, we've got commodities in Agriculture, Power, Fairness Index, Forex or Fx since it is better identified by. Metals and Interest rates simply to name a few. Various exchanges trade distinctive commodities.
So to interrupt these commodities down even further I will begin with agriculture. Initially off, "Grains & Oil seeds. There is certainly corn, wheat, soybeans, soybean meal, soybean oil, crude palm oil, oats and rough rice.
Under the same header of "Agriculture" we have "Livestock". This includes: Live cattle, Feeder cattle, Lean hogs and Frozen pork bellies. Persons laugh at Pork bellies but what do you think happened to the prices when the commodity trading communities first heard the words "Swine Flu"? Think about that. There is certainly "Dairy". You can find numerous "Milks", Milk powder, whey, butter. "Softs": Cocoa, Coffee, Cotton, Sugar. "Forest": Lumber and Pulps. Enough on "Agriculture", let's move on.
The next header I move to is "Energy". I'm sure most customers unearth this 1 interesting merely because of it's popularity in the news on how it affects our pocketbooks. The first title under power is: "Crude Oil". But did you know that under the title of Crude Oil you can find 6 other oils beside "Light Sweet Crude Oil"? Which by the way, closed at 90.85 per barrel Friday on the floor, but Globex has it at 91.10. More on Globex A great deal later. There is certainly also "Gulf Coast Sour Crude" for one particular. I never have tasted oil, not intentionally anyway. So how do you tell if it turned sour? Food for thought.
Another header is Forex or Foreign exchange. This can be a whole world all by itself. The main titles under this header are: "G10 Currency Pairs" and "Emerging Market Currency Pairs". G10 is of course the top 10 industrial nations which has been increased to 11 but they never changed the title. Currency pairs is the comparison of a single of the top 10 currency dollars against another dollar, typically the U.S. Dollar or USD as it is more popularly known and traded as. Emerging Market Pairs is of course just it says. Newcomers doing well, or not. Foreign exchange trading is huge and deserves a lot of attention if one particular is going to get involved. Not that any other Commodity deserves less, but the fact of following different countries currency rates comes under close scrutiny.
GOLD of course. Gold is under the title of "Precious". Also under that same title is: Silver, Platinum and Palladium. Under the title of "Base" is Copper. Another is Uranium. You can't genuinely take possession of any Uranium. Uranium futures are a hedging tool for producers and users of uranium. More on "Hedging" at a later time. By the way, August Gold closed at 1502.80 and Globex has it at 1503.40.
Another header is "Interest rates". Under that header is "STIR" Short term interest rates. And under STIR is Eurodollar, Euro yen, 30 day federal funds, and 13 week T-Bills. The title "US Treasury Futures" has: US T-Bonds, 2,3,5, and 10 year T-Notes, just to title a couple of. More titles are "Swap Futures", Interest Rate Index Futures, and Sovereign yield spreads. Under those titles are many itemized listings. I don't want to bore the reader with everything available.
I saved the best header for last. I say the best for the reason that this is the 1 I love. It is called the "Equity Index". The main titles under Fairness Index are "US Index" and "International Index". Under the International Index is basically the Nikkei. BUT under the US Index you have listings for: S&P 500 and many variations. NASDAQ and its variations and DJIA (Dow Jones Industrial Average) or DOW, and its variations. I like these simply because you can trade the WHOLE index. All those little stocks make up the index and you may trade the entire entity. We all have our "pet peeves", and in trading, the S&P 500 is mine.

I have now covered what a commodity is and several of the numerous world programs the word covers. Did you find a commodity that spiked your interest or know a little something about? If so, study it as we move along. Not familiar with anything? You just learned a LOT! If you happen to be not new to commodities I'm probably boring you to death. BUT if that you're new, you have to be amazed at the opportunities which can be available in today's commodity markets.