What is XNGUSD?
Commodities play an important role in running our global economy and are traded on different exchanges that specialize in specific markets. In the past, commodity trading was uncommon due to the large amount of time and money it required. Today, however, it has become a way to go beyond traditional stock and bond investing.
Uses of natural gas are not limited to heating homes and buildings; natural gas also plays an important role in industrial and commercial settings. Contrary to past beliefs regarding the efficiency of natural gas, this commodity is the cleanest burning fossil fuel and today’s technology is a finding more efficient ways to extract and transport this environmentally friendly gas. In fact, according to the Gas Technology Institute, there has been a 50% decrease in the cost of liquid natural gas production. As a result, this commodity is getting nearer to becoming an alternative for the future of fuel.
U.S Natural gas, in specific, also continues to shine brighter. Each year, a trend can be seen for the U.S natural gas: Lower gas prices, more gas production, more gas consumption, less gas imports, more has exports.
PCM International understands the potential in trading U.S natural gas, and provides all the necessary resources to leverage trading success. PCM International provides you with accurate real-time U.S natural gas forecasts and charts. In addition, updated news on world economic events can be accessed through PCM International to predict future price changes in the commodity. Furthermore, in order to take full advantages of this trading opportunity, traders are given access to professional trading platforms that allow the use of the most advanced CFD trading strategies.
A key factor of trading CFD’s successfully is being educated about potentially profitable trading opportunities and knowing it’s in-depth specifications and benefits. The table below is provided for further details about the commodity.
|Class||Equity Index (stock market index)|
|Description||US Natural Gas quoted in U.S. Dollars|
|Standard Tradable Quantity (also called a LOT)||10000 mmBtu|
|Minimum Tradable Quantity (the fraction of lot available to trade)||1000 mmBtu|
|Base Currency (Currency used for margin, P&L and other calculations)||United States Dollars|
|Tick Size (The least incremental change in the price of the index)||0.001|
|Tick Value||10 USD|
|Margin in Percentage||4%|