6 Best Commodity Trading Software in 2025
Jan 17, 2025
Commodity trading is a popular way to diversify investment portfolios and hedge against inflation. But navigating the complexities of this market can be challenging.
Commodity trading software, especially AI trading tools, can ease your journey by helping you make smart trading decisions. In this blog, we will explore six of the best commodity trading software of 2025 to help you find the right fit for your trading goals.
GoMoon's AI-powered economic calendar is an excellent place to start your journey into commodity trading software. This tool can help you understand how economic events can impact various commodities so you can make informed decisions.
Table of Contents
What Is Commodity Trading?
Commodity trading involves buying and selling raw materials or primary agricultural products. These goods are traded in large volumes on exchanges or through contracts, and they're essential for manufacturing, energy production, and consumption.
Types of Commodities
Commodity trading is typically divided into two categories
Hard Commodities
Definition: Naturally occurring resources extracted through mining or drilling.
Examples: Metals: Gold, silver, copper, platinum. Energy: Crude oil, natural gas, coal.
Soft Commodities
Definition: Agricultural goods or livestock.
Examples: Crops: Wheat, corn, soybeans, coffee, cocoa. Livestock: Cattle, pork bellies, poultry.
How It Works
Commodities are traded through futures contracts, options, or spot trading. Futures contracts allow traders to buy or sell commodities at a predetermined price on a specific date, helping manage risk against price volatility.
Why Is Commodity Trading Important?
1. Diversification
Commodities provide an alternative investment avenue, reducing reliance on stocks and bonds. They act as a hedge against inflation since commodity prices often rise during inflationary periods.
2. Market Influence
Prices are driven by global supply-demand dynamics, making it a high-impact market for traders and investors. Geopolitical events, weather conditions, and technological advancements directly affect commodity prices.
3. Profit Potential
The volatility in commodity prices creates opportunities for significant profit. Example: A sudden oil shortage may lead to a price spike, benefiting traders anticipating the change.
How GoMoon Can Help Commodity Traders
1. Real-Time Insights with AI-Powered Economic Calendar
GoMoon provides an AI-powered economic calendar that evaluates the impact of global events on commodity prices.
Example: A major OPEC announcement affecting crude oil production will be rated for market impact, helping traders anticipate price movements.
2. Historical Event Replay
Traders can analyze how past global events, such as the COVID-19 pandemic or geopolitical conflicts, impacted commodity prices. This feature allows for strategic preparation for similar future scenarios.
3. Personalized Notifications
GoMoon offers custom notifications for key market updates, ensuring traders are always informed of changes that may affect their positions.
4. Comprehensive Data for Smarter Decisions
The platform integrates real-time data with AI-driven analysis, enabling traders to make informed decisions without spending hours researching.
Example: Traders can compare forecast data with actual outcomes to refine their strategies.
5. Support Across All Trading Levels
For Beginners: Educational insights and simplified data analysis tools.
For Professionals: Advanced features like market streaming and detailed event breakdowns for in-depth strategy formulation.
Related Reading
• How To Read Economic Calendar
• How To Read Forex Economic Calendar
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What Is a Commodity Trading Software and Why Do Traders Need It?
The Essentials of Commodity Trading Software
Commodity trading software includes specialized platforms and tools built to facilitate the buying and selling various commodities, including crude oil, gold, agricultural products, and natural gas. These platforms allow traders to access real-time market data, analyze price trends, and execute commodities trades efficiently.
Key Features of Commodity Trading Software
Commodity trading software has several key functionalities. For instance, the software provides up-to-the-minute price updates for commodities across global markets. The software includes advanced charting capabilities and customizable indicators to analyze price trends. It also allows users to set predefined conditions for trade execution, reducing manual intervention. Risk management features, such as stop-loss orders, help manage financial exposure. Finally, commodity trading software integrates market news and economic event calendars to keep traders updated on factors affecting commodity prices.
Why Do Traders Need Commodity Trading Software?
Commodity trading is inherently volatile and influenced by many factors, making robust software necessary for traders to stay competitive and informed.
1. Navigating Market Volatility
Commodities are susceptible to geopolitical events, natural disasters, and economic changes. For example, a hurricane impacting oil production can lead to significant price swings, which traders must react to quickly. Real-time alerts and market data enable traders to act promptly.
2. Managing Complex Data
Traders must analyze large volumes of information, including price trends, historical data, and global events. Without software, processing this data manually is time-consuming and prone to errors. Platforms like GoMoon aggregate and analyze data, offering actionable insights in seconds.
3. Enhancing Decision-Making
Accurate, data-driven decisions are critical for success in commodity trading. Tools provide advanced analytics and predictive models to anticipate price movements.
Key Benefits of Using Commodity Trading Software
1. Efficiency and Automation
Automation features, such as algorithmic trading, execute trades based on predefined criteria, saving time and reducing the risk of emotional decision-making.
2. Access to Global Markets
Software platforms connect traders to commodity exchanges worldwide, expanding opportunities for diversification.
3. Improved Risk Management
Tools like stop-loss orders and margin calculators protect traders from excessive losses. Real-time tracking of account balances ensures that traders stay within their financial limits.
4. Staying Informed
The software integrates with news feeds and economic calendars to update events impacting commodity prices, such as OPEC meetings or agricultural reports.
How GoMoon Boosts Commodity Trading
GoMoon uses an AI-powered economic calendar to analyze global events and rate their market impact on a scale of 1-10. Features like live event streaming, historical event replay, and personalized notifications ensure traders never miss critical market movements. What sets us apart is our comprehensive approach to event analysis. GoMoon clarifies the complex world of economic events for traders seeking data-driven decisions. Get started for free to get AI-powered economic insights today.
6 Best Commodity Trading Software in 2025
1. TD Ameritrade: The Commodity Trading Platform with Unmatched Usability
TD Ameritrade is a leading platform offering comprehensive tools for commodity trading. Known for its user-friendly interface and robust feature set, it’s a versatile choice for novice and experienced traders.
Key Features
Thinkorswim Platform: A highly regarded tool offering advanced charting, technical analysis, and real-time data. Includes over 400 technical studies to enhance decision-making.
Educational Resources: Extensive library of webinars, tutorials, and guides for traders at all skill levels.
Mobile Compatibility: A seamless mobile app experience for trading on the go.
Why It’s Best Overall
It combines usability with powerful analytical tools, making it a go-to for many traders. Excellent customer support enhances user confidence.
2. eToro USA: The Best Platform for Trading Commodity ETFs
eToro USA specializes in trading commodity exchange-traded funds (ETFs), offering an accessible entry point for traders interested in diversified portfolios.
Key Features
Wide ETF Selection: Access to a broad range of commodity-focused ETFs, including those for oil, gold, and agricultural products.
Copy Trading: Enables users to replicate the strategies of successful traders in real-time.
User-Friendly Interface: Simplified trading experience for beginners.
Why It Excels for ETFs
It is ideal for traders seeking exposure to multiple commodities without directly trading futures. Social trading features foster learning and strategy refinement.
3. Tastytrade: The Best Platform for Low-Cost Futures
Tastytrade is known for its cost-effective futures trading, providing low commission rates without compromising functionality.
Key Features
Affordable Pricing: Competitive pricing structure with transparent fees.
Futures-Focused Tools: Tools that simplify futures trading include market scans and quick trade execution.
Educational Content: Extensive resources like video tutorials and blog articles focused on future strategies.
Why It’s Best for Low-Cost Futures
Offers cost-conscious traders the ability to trade futures with minimal overhead. Educational materials support strategy development.
4. Interactive Brokers: The Best Platform for Global Trading
Interactive Brokers is a top choice for traders who want access to global commodity markets, offering unparalleled reach and advanced tools.
Key Features
Global Access: Trade commodities on international exchanges, including those in Europe and Asia.
Advanced Risk Management: Comprehensive risk analysis tools, including portfolio margining.
Competitive Pricing: Low fees for high-volume traders.
Why It’s Best for Global Trading
Enables traders to diversify across international markets, reducing regional risks. Its powerful tools cater to professionals who manage complex portfolios.
5. NinjaTrader: The Best Trading Tools for Active Traders
NinjaTrader is tailored for active traders, offering cutting-edge tools for technical analysis and automated trading.
Key Features
Customizable Charting: Over 100 pre-built indicators and the ability to create custom scripts.
Automated Trading: Strategy development and backtesting capabilities for automated execution.
Market Replay: Simulate past trading conditions for learning and strategy testing.
Why It Stands Out for Tools
Provides traders with the most comprehensive tools to refine strategies and execute trades efficiently. Market replay functionality is unmatched for skill-building.
6. Goldco: The Best Platform for Gold
Goldco specializes in precious metal trading, particularly gold, offering unique solutions for investors focused on tangible commodities.
Key Features
Precious Metal IRAs: Facilitates retirement accounts backed by gold and other metals.
Dedicated Support: Personal account managers guide clients through investments.
Physical Asset Options: Allows for purchasing bodily gold and trading.
Why It’s Best for Gold
Ideal for investors seeking stability and long-term value in precious metals. Combines digital trading with tangible asset ownership for diversified strategies.
Bonus: Tradeworks and E*TRADE
Tradeworks: Best Resources. Offers unparalleled resources, including interactive tutorials and webinars. Great for traders wanting to deepen their understanding of commodity markets.
E*TRADE: Best for Retirement. Focused on integrating commodity trading into retirement planning. Tools for long-term investing with access to a wide range of commodity ETFs.
What Is GoMoon? Why Is It Useful for Traders?
GoMoon transforms economic calendar data with AI-powered insights for smarter trading decisions. Our platform analyzes global events and rates their market impact on a scale of 1-10, helping you understand how they'll affect various assets. We've packed everything traders need: Live economic event streaming, custom notifications, and historical event replay with TradingView charts. What sets us apart is our comprehensive approach to event analysis. Whether you're tracking the impact of major economic announcements or comparing forecast data with actual outcomes, GoMoon provides straightforward, actionable insights. You can personalize your calendar, stream live meetings directly on the platform, and analyze historical events like the dot-com bubble or the COVID-19 crash to understand market reactions better. GoMoon clarifies the complex world of economic events for traders seeking data-driven decisions. Get started for free to get AI-powered economic insights today.
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Use Our AI-powered Economic Calendar Tool for Free Today
GoMoon is an economic calendar tool for traders looking to understand how economic events impact the financial markets. Using AI, it analyzes the market impact of events and provides actionable insights for traders to make more informed decisions. GoMoon shines in its ability to provide detailed information about economic events, including live event streaming, customizable notifications, and historical event analysis.
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