How to Get Started
For traders just starting out in Japanese commodity markets, the TOCOM gold contract is the most popular as it offers the most liquidity and open interest. Ample liquidity offers traders the opportunity to easily enter and exit positions at the time of their choosing. No matter what the price of the contract may be, there is sure to be another trader to take the other side of the trade.
Researching a futures contracts volume and open interest
By looking at the screen below from the market data software called "Futures Analyst" through Dot Commodity's proprietary "Formula" trading system, you can instantly check the current market price for each Gold contract, the high and low prices for the day, the difference in price from the previous trading days close, the total volume traded and open interest. On a busy day, 100,000 contracts (1 contract = 1 kilogram) may be traded. Of course, for those traders who are interested in other liquid contracts besides gold, there are platinum, rubber, gasoline and many other commodity futures contracts to choose from on TOCOM.