Innovative technology continues to revolutionize the way we trade futures. New opportunities that offer exciting potential for diversifying your trading, adding flexibility, and new strategy development ideas are emerging all the time. Enter Coinbase nano oil and gold contracts—two cutting-edge trading vehicles that are transforming the way traders approach the energy and precious metals markets.
Let’s explore these two commodities, which you can now trade on our NinjaTrader platform.
Benefits of Nano Oil and Gold Futures Contracts
Whether you're a seasoned professional looking to diversify your trading or a newcomer seeking to capitalize on the potential and easy access of these contracts, understanding the key advantages of nano oil and gold contracts is essential to making better, more informed trading decisions. Some upsides include:
- Increased accessibility: With these new contracts, traders can gain exposure to the oil and gold markets without the need for large capital investments or physical storage.
- Diversification: Adding nano oil and gold contracts to your trading can help provide new uncorrelated opportunities and potentially spread out and reduce your overall risk.
- Leverage: These contracts allow for leveraged trading, enabling traders to amplify their potential returns while also increasing potential losses.
- Expanded 24/6 trading: With nano oil and gold contracts, you can react to price, news, and other unique opportunities virtually 24 hours a day, 6 days a week.
Nano Oil Contract Specifications
Coinbase nano crude oil futures are standardized exchange-traded contracts that represent 10 barrels of crude oil. Traders generally buy and sell oil futures contracts to speculate that the price will go up or down and typically do not want to take delivery of the physical crude oil. Coinbase oil futures are financially settled, eliminating delivery risk.
| Coinbase Nano Crude Oil Futures | |
| Symbol | NOL |
| Contract size | 10 barrels |
| Tick size | $0.01 per 10 barrels / .10 per contract |
| Listed contracts | The 3 nearest monthly contracts |
| Last trading day | Trading terminates 2:30 pm ET four business days prior to the 25th calendar day of the month prior to the contract month |
| Settlement | Financially settled in USD |
| Additional specifications | View all from Coinbase |
Gold Contract Specifications
Coinbase gold futures are standardized exchange-traded contracts that represent one troy ounce of gold. Traders generally buy and sell gold futures contracts to speculate that the price will go up or down and typically do not want to take delivery of the physical gold. Coinbase gold futures are financially settled, eliminating delivery risk.
| Coinbase Gold Futures | |
| Symbol | GOL |
| Contract size | 1 troy ounce / .10 per contract |
| Tick size | $0.10 per troy ounce |
| Listed contracts | The three nearest active monthly contracts / February, April, June, August, December |
| Last trading day | Trading ends at 1:30 pm ET three trading days before the contract month |
| Settlement | Financially settled in USD |
| Additional specifications | View all from Coinbase |
Trading Nano Oil and Gold Futures with NinjaTrader
The NinjaTrader platform now supports Coinbase's nano oil and gold contracts. This integration allows traders to access these contracts using NinjaTrader's advanced charting, technical analysis tools, and automated trading features. NinjaTrader's user-friendly interface and comprehensive functionality make it an ideal choice for trading these new contracts.
The introduction of nano oil and gold contracts by Coinbase presents exciting opportunities for traders looking to diversify their trading and participate in these important commodity markets.
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