Soybeans
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Soybeans Trading FAQ
Traders can follow the reports produced by the United States Department of Agriculture four times each year. It details the capacity of on-and-off-farm storage of all grains, which makes it the most important information for soybean traders.
Soybeans are considered a good hedge against a weak U.S dollar and rising inflation. A focus on soybean trading could be a good way to diversify and create a profit stream. Additionally, the growing global population and increasing interest in a plant-based diet promise a trend in growing soybean demand. It is also notable that soybeans are used to produce biodiesel fuels, and the increasing move towards green energy will help foster demand for soybeans.
The price of soybean can be affected by factors such as changing weather conditions, distribution costs, geopolitics, global health issues and the strength of the US dollar. Also, the price of soybean is moved by factors related to supply and demand.
The best strategy for soybean trading is to trade CFDs. These are a pure-play on the price of soybeans and come with far lower fees than futures. Also, CFDs allow traders to easily go long or short based on whether they feel the price of soybeans will rise or fall.
Trading commodities CFDs ('contracts for difference') is a great way to diversify your portfolio and hedge risks. FP Markets has carved a niche for itself in the commodity trading market in Australia, offering the optimal trading experience. Traders can choose from a variety of commodities such as energy metals and agricultural products and enter or exit the market 24/5 across almost all commodities markets.
You can discover the benefits of commodities trading on MetaTrader4 (MT4), one of the most powerful trading platforms available. MetaTrader 4 (MT4) is available across desktop and mobile platforms.
With FP Markets, a global-regulated broker provider, you get access to commodity prices worldwide with high execution speed, deep liquidity, tight spreads and low slippage. You can trade CFDs on a variety of products while benefiting from the latest real-time technology.
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