Trading Copper

What is Copper?

Often called "Dr. Copper" for its ability to predict economic turning points, copper is a key industrial metal used in construction, electronics, and increasingly in electric vehicles. It serves as a leading indicator of global economic health.

Trading Hours: Near 24/5

Key Price Drivers

Understanding what moves Copper is essential for developing effective trading strategies:

• Chinese construction and manufacturing data
• Global economic growth outlook
• Electric vehicle production (major copper demand driver)
• Supply disruptions from major mines (Chile, Peru)

Who Should Trade Copper?

How to Trade Copper with a Broker

Most retail traders access Copper through CFDs (Contracts for Difference), which let you speculate on price movements without owning the underlying asset. Here's what to look for:

1. Tight Spreads: Lower spreads reduce your trading costs on every position
2. Fast Execution: Critical for short-term strategies and volatile instruments
3. Risk Management Tools: Stop-loss orders, guaranteed stops, and negative balance protection
4. Platform Quality: Advanced charting, technical indicators, and mobile trading
5. Regulation: Always choose a broker regulated by a Tier-1 authority

Trading Strategies

Day Trading

Day trading Copper involves opening and closing positions within the same trading day, capitalising on short-term price movements. Requires fast execution, tight spreads, and understanding of intraday patterns.

Swing Trading

Swing traders hold positions for days to weeks, capturing medium-term trends. This approach requires less screen time and can suit traders with other commitments.

Position Trading

Position traders take longer-term views, holding for weeks to months based on fundamental analysis and major trend identification.