Energies and Commodity Trading with VPFX
What Are Energies?
Energies are often the asset class of Oil and its derivatives. Oil is usually denominated in U.S. Dollars (also referred to as ‘Petrodollar’), and a weak dollar will commonly cause Oil prices to increase, as the value of the currency directly influences the price of the product.
Oil-producing countries control large parts of the supply, and therefore the price, as they can limit or expand the physical quantity of oil barrels available in the market.
Energy trading is a globalized, 24-hour market, with its prices in constant motion. This makes it an ideal instrument for day traders who look for fast movements and choose energy CFDs as the easiest way to trade.