Commodity Trading Time in Dubai, UAE

Commodity trading is an unavoidable aspect of trade in the United Arab Emirates. It has a long and ancient history of trade that was done through the old Silk Road. This Arab land was already blessed with bountiful oil and gas sources and with the tremendous efforts of numerous traders back then transformed into a commodity trading hub. And now they are known to be one of the top global commodity trading hubs. Currently, the most popular commodities traded in the UAE are Gold, tea, coffee, agricultural products, precious stone, base metals, cacao and even crypto. Likewise, the market now includes a wide variety of participants. Lately, quicker and more sophisticated trading practices were introduced due to the latest advancements in the field of technology.

The trading of commodities in Dubai, UAE, chiefly takes place in Dubai Gold and Commodities Exchange (DGCX). Since the market hours of commodity markets are longer when compared with other types of trading. Furthermore, the trading of DGCX starts at 07:00 hours and ends at 23:55 hours, Dubai time. The DGCX market trading hours span worldwide. At this trading platform, traders could buy or sell their commodities during the commodity trading time already mentioned. Traders should also be aware of the exchange holidays before they are planning to trade in a specific exchange. The major holidays of DGCX are New Year's Day, Good Friday and Christmas day. Besides these, any other public holidays declared in UAE will also be considered as holidays after terming them as a 'Trading and Settlement' holiday. Market participants will be informed about such holidays well in advance.

Yet another highlighting part of DGCX is that it permits the traders to submit orders and transactions, as well as alter or cancel their orders when required. Such an innovative feature was added to the platform after teaming up with Cinnobar, which is a part of NASDAQ Technology AB. Furthermore, DGCX's futures contracts provide physical commodity market players, such as producers, manufacturers, and end users, with a sophisticated way of hedging their price risk exposure. Through them, traders across Middle Eastern countries could partake in the increasing asset class of commodities and even currency derivatives.

Now the traders who are engaged in commodity trading time need to consider specific trading time to earn profit. It has to be done at the right time with the right strategies to make money and is applicable in the case of commodity trading. Moreover, trading time is crucial when an investor is engaged in commodity Trading in Dubai, UAE. If investors in the country are wishing to start such money making process should never be poor timers. They would not succeed in commodity trading with such terrible timings.

Apart from that, certain commodity trading tips need to be implemented when commodity traders are trading in Dubai, UAE. One among them is studying the commodity charts and certain patterns that form the charts. To again verify them, commodity technical traders would also be incorporating indicators such as overbought-oversold indicators and moving averages. Further, some commodity trading companies in Dubai, UAE will have access to a multitude of indicators and some rely on them for only buy and sell signals. Meanwhile, traditional commodity traders will also be seen relying on commodity trading fundamentals.

Day commodities trading is a common strategy in which a trader closes off all trades made while the commodity trading markets are open but before the close. To make small, rapid returns without putting much cash at risk, these day traders employ short time frame charts and indicators. Charts with 1-minute, 5-minute, 10-minute, and/or 15-minute price intervals are widely used.

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