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Commodities
KlasFX typically offers a range of commodities for trading, including precious metals like gold and silver, energy commodities such as crude oil and natural gas, and agricultural commodities like corn and wheat.
Commodity CFDs, offered by KlasFX, are financial contracts that allow traders to speculate on the price movements of commodities without owning the actual assets. Traders can profit from the difference between the opening and closing prices of the contracts, without the need for physical ownership or delivery of commodities.
The cost of commodity CFD trading with KlasFX typically includes spreads, overnight financing charges (swap rates), and potentially other fees such as commissions or rollover fees.
The commodity CFD nightly finance charge, also known as the overnight financing fee or swap rate, is the cost or benefit incurred for holding a commodity CFD position overnight. It is calculated based on the interest rate differentials between the two currencies of the commodity CFD pair and is typically applied at a specific time each day. KlasFX provides transparency on how this charge is calculated, and it may be either positive (credit) or negative (debit) depending on the direction of the position and prevailing interest rates.
Commodity CFD orders typically do not have a fixed expiration date. They remain open until the trader manually closes them or until specific conditions, such as reaching a stop-loss or take-profit level, trigger automatic closure.
Non-Expiring Commodities (NEC), offered by KlasFX, are priced based on the current market value of the underlying commodity. The price is determined by factors such as supply and demand dynamics, economic indicators, geopolitical events, and other market forces.
The margin requirements for commodities trading with KlasFX vary depending on factors such as the commodity being traded, market conditions, and the trader’s account type. Margin requirements typically represent a percentage of the total value of the position and are set to ensure that traders have sufficient funds to cover potential losses.
To calculate the margin required to trade a commodity with KlasFX, you can use the following formula:
Margin = (Trade Size * Contract Size * Margin Percentage) / Leverage
Where:
Trade Size: The size of your position (number of contracts or lots)
Contract Size: The size of one contract or lot of the commodity
Margin Percentage: The percentage of the total contract value required as margin
Leverage: The leverage ratio provided by KlasFX for commodity trading
Market changes affecting oil trades include geopolitical tensions, supply and demand dynamics, economic indicators, currency movements, and energy policies and regulations.
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