Materials - App review
Posted on June 21st, 2016
Almost everyone is familiar with the stock market. Chances are you stock market and global financial market information displayed on countless website that you visit. Or, your local nightly TV news station is discussing how the stock market did for the day. However, what many people are not familiar with is Commodities or the commodity markets. A Commodity is a raw material or primary agricultural product that can be bought and sold. Commodity-based money and commodity markets in a crude early form are believed to have originated in Sumer between 4500 BC and 4000 BC. Sumerians first used clay tokens sealed in a clay vessel, then clay writing tablets to represent the amount—for example, the number of goats, to be delivered. These promises of time and date of delivery resembled futures contract.
The world has come a long way since then and commodity trading is something that is just as important as the stock market. The Materials App has made following Commodities not only very simple, but something of graphic piece of art. There are many apps that can show you commodity prices; however, we have yet to find one that looks as good as the Materials app.
What Commodities can you follow with the Materials app?
Cotton No. 2
Crude Oil Brent
Crude Oil WTI
High Grade Copper
Milk Class III
Sugar No. 11
If you are new to Commodities chances are you are saying "I did not know about all of those are different commodities." Yes indeed, you can follow the prices of those Commodities using the app.
Operating the app is very simple. Whether you are following just one commodity or multiple, simply go to the 'Add Commodity' section and select which ones to follow. Let's say you are following the price of Gold, the app will show you the current price (which is updated every 5 seconds) as well as the opening price, the previous day close, the volume as well as the 52 Week Range of the trading price. There is also an intraday chart and access to news.
You will also find that the Materials app offers you different alert options to receive notices about the Commodities that you watch. You can select each commodity alert individually with choices such as 1% price increase or decrease, 5% price increase or decrease, open and close price, or select all of the settings. The Materials app does not try to confuse the user with irrelevant functions and lets you track the Commodities that you want to follow. The app is available for iOS in the App Store. It is a fantastic tool for anyone interested in Commodities.