How to trade commodities

1. Choose your market – Choose the commodity, such as Crude Oil Brent, Gold or Natural Gas, that you want to spread bet or trade CFDs on.
2. Decide to buy or sell – Buy (go long) if you think prices will rise, or sell (go short) if you think prices will go down.
3. Enter a trade size – Decide on the amount per point movement (spread betting) or how many units (CFDs) you want to trade. When trading CFDs the value of one unit can vary depending on the instrument you’ve chosen to trade.
4. Manage your risk – Select from a range of stop-loss orders including guaranteed stop-loss orders (GSLOs). GSLOs work exactly the same as regular stop-loss orders, except that for a premium, they guarantee to close you out of a trade at the price you specify regardless of market volatility or gapping. The premium is refunded in full if the GSLO is not triggered.
5. Monitor your position – After placing your trade, monitor your open positions (including any stop orders or take profit orders) to follow your real-time profit or loss. Please remember that losses can exceed your deposits.
6. Close your position – If your trade is not automatically closed out as a result of a stop or take profit order being triggered, close your trade when you are ready.