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In the economic market, are essentially the raw materials that are used to make refined goods and thus have their own intrinsic value.

There are 2 of commodities in the market.

Type 1: Commodities - They consist of resources, such as metal ores, oil reserves, minerals, and so on. They form the basis of the economic health of a country.

Type 2: Commodities - Soft commodities represent some of the oldest types of futures known to have been actively traded. This group of agricultural products may include products such as soybeans, cocoa, coffee, cotton, sugar, rice, and wheat, as well as all manner of livestock.

Which type do you prefer? Tell us in the comments!

of the day: What is a “lot size”?

In the industry, when you trade something, the amount you can trade is measured in “lots”.

Usually, 100,000 units of a are the standard lot size. However, there are a few types of lot sizes you can choose from. These types include:

Lots - 10,000 units
Lots - 1,000 units
Lots - 100 units

Are you a in the trading industry?

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From strength to strength!

The Australian dollar stands firm at 0.6700, hitting a high not seen since April 20th, thanks to the impressive American non-farm payrolls (NFP) data. That's a whopping 2.66% increase from its lowest point this month.

All eyes now turn to the much-awaited US inflation numbers.

Will the AUD continue to shine? Tell us what you think in the comments.

Currently, the stock market has been doing better than the .

This is because the US dollar has been weaker compared to other currencies, and there are positive signs in the market that suggest the stock prices will continue to rise.

This provides an opportunity for investors to benefit from the positive momentum and potentially diversify their portfolio beyond the US market.

Canada's job market is on fire!

In April, the economy added a whopping 41,400 jobs - more than expected! While at the same time, the unemployment rate stayed low at 5.0% while wages remained steady at 5.2%.

It's proof that even in uncertain times, Canada's job market remains strong and resilient

West Texas Oil odds with bullish reversal!

After initial losses, West Texas Oil made a with a daily bullish reversal three-candlestick configuration called 'Morning Star' - a possible sign of a in sentiment.

What’s your opinion on this turn of events? Let us know in the comments.

to !

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Keep learning and stay ahead in the share game!

Whether you're a new or a seasoned , approach each day as a new to and .

With the ever-changing conditions, it's crucial to stay updated on the latest , , and to make informed decisions.

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Stay ahead of the by embracing in trading.

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