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Username: LuckyMan

Rating:
Guru Stars

Asked to: Chaoxiang Lee

Date Created: 23 Jan 2015
Category 17
Tag Forex
Question What a trader should know about copper?
Advice from Guru
Hello Lucky man,

Copper is a base metal used largely for industrial purposes, but that doesn't change the fact that investors watch it closely for hints of the overall market sentiment. Because Copper is an industrial metal, investors use it as a way to gauge the health of the manufacturing and housing sectors of the world's economies.

Investors also use Copper as a way to gauge trader sentiment. When copper is rising, some see that as investors having an appetite for risky assets, since Copper is known as a volatile commodity. When copper loses value, it may indicate that investors are selling risky assets and a market correction may be imminent.

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