Search

Categories

Checkout

  • Edit Cart
  • Billing and Shipping Information
  • Shipping Method
  • Review & Payment
  • Finish

Understanding Platinum Contracts

Details
Category: Commodity

 

Like every commodity, platinum has its personal ticker symbol, contract value and margin requirements. To efficiently trade a commodity, you should be aware of these key components and understand the best way to use them to calculate your potential profitsand loss.

 

 

Platinum Exchanges

The futures contract for platinum is traded at the New York Mercantile Exchange (NYMEX) through its Commodity Alternate (COMEX) division through open-outcry. It is usually traded electronically by way of the Chicago Board of Trade (eCBOT) and Tokyo Commodity Change (TOCOM).

 

Information About Manufacturing

Platinum is without doubt one of the most valuable metals in the world. Massive deposits of platinum will be found on the moon and in meteorites, but finding it on earth is more difficult. Of all the platinum that has been found on earth, 80% has been positioned in South Africa, 11% in Russia and 6% in North America. Thirty occasions extra rare than gold, platinum has an annual production of roughly 5 million troy ounces a yr in comparison with gold's 82 million troy ounces per 12 months and silver's 547 million troy ounces per year.

 

Platinum's special properties put it in large demand in various industries. From jewellery to cars to health sciences and extra, this versatile steel plays a vital role in our on a regular basis lives. For instance, cars (which still operate with catalyticconverters), represent 29% of platinum's usage. The steadiness of platinum is used in jewellery, chemical refinement and in excessive-tech electronics.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.