Chapter 8
Exploring Commodity Exchanges and Digital Assets
IN THIS CHAPTER
Realizing the importance of commodity exchanges
Getting an overview of the exchanges
Opening an account and starting to trade
Placing orders through a broker at the exchange
Investing in exchanges
The first commodity exchanges appeared in the United States during the 1800s, and their role was to match buyers and sellers interested in acquiring and selling commodities. The first traded commodities included wheat, butter, milk, cheese, and other agricultural products. Commodity exchanges soon evolved from simple places of commerce to highly regulated marketplaces where prices were established for all sorts of goods.
The first image that usually comes to mind when you think of a commodity exchange is a group of brokers standing in a large circle, wearing bright-colored jackets, and shouting at each other while making funny gestures. If you’ve ever visited or seen television footage of a commodity exchange, you’ve ...
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