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Wealth Management

COMMODITIES ON THE RISE

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by Tobias Stöhr, Sales Executive at Spectrum Markets

 

When a global disaster like the coronavirus pandemic strikes, commodities are bound to be negatively impacted. From energy and industrial metals to agricultural products, the prices of more or less all basic goods registered significant losses when global markets crashed in unison in the first quarter of 2020. Lockdowns and widespread uncertainty led to shrinking demand – or an anticipation of shrinking demand – in nearly all aspects of life, with the oil price being the most prominent victim.

Fast forward to spring 2021: While Covid-19 is still very much defining and restricting the lives of billions of people, most commodity prices have not only recouped their losses but surpassed their pre-pandemic levels. This cannot only be explained by the cheap money that governments and central banks flooded the markets with in order to support the economy; cheap money does not automatically create demand, at least not at a time when so many people still cannot travel, go shopping or participate in cultural events.

While the reasons for these commodity price increases are complex, a number of factors can be identified in relation to certain types of commodity, for example:

  • Base metals like copper have become more expensive as the mines experienced production shortfalls due to employees affected by Covid-19, demand from China for construction and manufacturing increased, and rising oil prices impacted production and transportation costs.
  • Grains like wheat registered price increases due to globally disappointing yields, low water levels in European rivers that pushed the cargo costs up, and a strong demand for wheat from China.
  • Energy like oil initially recovered strongly after the dramatic decline in the first quarter of 2020. However, while the “black gold’s” quick rise impacted the prices of other commodities, at the time of writing oil prices generally still just move around pre-pandemic levels.

Most experts’ outlook on the commodity markets pretty much reflect their outlook on the economy as a whole: it’s all about the vaccination programmes that have kicked off in developed countries. If Covid-19 can eventually be brought under control, a strong economic rebound is expected.

In time this could lead to a more balanced supply and demand dynamic returning to commodities markets. However, for the time being this market segment is likely to remain volatile, and there will be risks but also opportunities for those traders able to move quickly as new developments emerge.

 

Finance

A BRIEF GUIDE TO TRADING IN CRYPTOCURRENCY SECURELY

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Trading in cryptocurrency is becoming increasingly popular in the financial world. Crypto’s huge rises in value over recent months has encouraged many to consider it a valid and important way to invest their money. However, it can be tricky for someone new to the world of crypto to know how to start. The process of setting up can take a few days, but once you’re ready to go, it can be fairly simple to start trading.

 

Find A Crypto Wallet

To store crypto, you will need a cryptocurrency wallet. There are many wallets out there to choose from, in both software and hardware forms. You could choose a free to use software wallet, to begin with, and then invest in a more secure hardware wallet if you plan to hold amounts of crypto for the medium to long term. Hardware wallets typically cost anywhere from £50 to £150, so it is worth doing your homework and finding the right wallet for your needs.

 

Sign Up With A Brokerage

You will need an account with a brokerage service to begin trading. It would be best if you looked for brokerages that offer good security, an easy-to-use interface and plenty of cryptocurrencies to choose from.

You will need to provide some identification to open an account with a reputable brokerage, and it may take a few days to get your account verified. Therefore, it is vital to do your research and ensure that the brokerage you choose is legit before providing any personal information.

 

Get Help From Experts

Once you have your account up and running don’t rush to buy your first Bitcoin. As a beginner to the world of crypto trading, there are plenty of potential pitfalls, and talking to experts can go a long way to reducing the risks.

Check out Traders Of Crypto, a cryptocurrency community that provides expert, collective knowledge to those starting out with crypto trading. There you can find plenty of free guides to help you on your trading journey.

 

Choose Your Crypto

The next step is to decide on the crypto you want to trade in. There are thousands out there to choose from, with the most well-known being Bitcoin. The more popular the crypto, the more likely it is to remain stable, so it may help to start with Bitcoin for your first transactions.

Once you have some experience, you could branch out to smaller altcoins, though it is often wisest to keep most of your trades to the bigger coins.

 

Make Sure You Have The Capital

You will need sufficient capital to buy and trade cryptocurrency. You can add this to your brokerage account, typically by bank transfer or debit card payment. It is crucial to keep in mind that the value of crypto frequently changes, so ensure that you are spending only what you can afford.

 

Start Trading

You can start by either trading cash for crypto or crypto for crypto. However, keep in mind that there may be brokerage costs for each trade, so you should choose your trades wisely.

 

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SKILLING AND METROPOLITAN X PARTNER TO OFFER ADVANCED TRADING EDUCATION PROGRAM

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Skilling, a Scandinavian fintech providing online trading on a wide range of world markets, has announced a strategic partnership with the trading education and empowerment institution, Metropolitan X Group, which is set to establish and propel valuable trading education for its clients.

 

Metropolitan X Group, whose universal mission is to provide financial research and trading education to traders of all levels, has developed a training program that delivers a well-rounded curriculum through innovative theoretical-practical learning webinars. The program offers live trading sessions providing real-time analysis and commentary on market events. Together with live social market updates and insights, the Metropolitan X Group equips its student-traders with the tools and skills they need to analyse, evaluate and trade the markets effectively and with greater success.

 

This is Skilling’s first education-focused partnership and it marks a significant step forward in Skilling’s plan for trader education and its investment in upskilling traders. The education program is expected to open aspiring traders up to new possibilities through personalized learning and create in them a deeper understanding of the markets.

 

“Client education is a priority for Skilling. We want to empower our traders with market knowledge and trading education so that they can navigate any market environment more successfully. We are very excited to be providing top education through Metropolitan X Group’s trading and advanced learning programs and are excited to see traders utilise these newfound skills on their trading platforms,” said Michael Kamerman, CEO of Skilling.

 

By partnering with Metropolitan X, Skilling can deliver top-tier education from experienced trading professionals that will help clients improve their investing knowledge, and develop deeper market insights to be fully apt and equipped to identify better trading opportunities in the markets.

 

“We are excited to partner up with a broker that believes education is the key to success in this demanding market. Together we shall provide traders with the necessary tools and knowledge to tackle the ups and downs of trading. Traders taking advantage of our shared services with Skilling will receive exciting exclusive market insight like no other,” says Sebastián Hernandez, Director of MetropolitanX.

 

The power of this evolving partnership demonstrates Skilling’s firm positioning on trader education leadership and will drive success through strong growth in more educated and skilled new customers taking on the markets.

 

“There are undoubtedly both inherent opportunities and risks in trading and investment. Investor enthusiasm has shown it has the ability to storm the markets through organized online trading communities and unprecedented access to hundreds of instruments. This underpins both the scale and power of today’s individual traders, making it vitally important that individuals have the necessary education and also the right tools at their disposal to make smarter trading decisions,” said Michael Kamerman, CEO of Skilling.

 

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