'Hot Products' for trade ideas

Making trading decisions is not always easy. Our trading platform offers a multitude of useful features that help and support traders to follow their trading plan. Amongst our range of trading tools exists a ‘Hot Products’ list. Here, traders can view financial instruments whose recent trade volume has increased significantly versus the monthly average. Whilst this tool is extremely useful for all traders, it is especially beneficial for short-term day traders and momentum traders, who seek to take advantage of daily price action that the market has to offer.

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Trade ideas for hot stocks and other products

This platform feature is essentially a built-in automated watchlist that tracks and displays all products that have seen their trade volume rise significantly in comparison to the overall monthly trade volume average. The feature updates on an hourly basis – so traders should keep their eye on it closely.

The Hot Products tool helps traders to save time without having to conduct their own in-depth research to learn which products are currently seeing a significant rise in trade volume. It can be found on our web-based trading platform, Next Generation.

How to view the 'hottest' products

After registering for an account, in the selection of the uppermost tabs on the platform, click on ‘Products’. Then select ‘Library’ in the dropdown menu. You will then see a range of options; scroll down and select ‘Hot Products’.

Hot Products – features and filters

The Hot Products watchlist consists of a range of filters that enables traders to get a closer look at the range of financial instruments that are in the list. These detailed filters provide extra insight and information to support traders in the decision-making process. The categories of filters include Type, Sub-type, Region and Country.

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Types and sub-types of products

One of the filtering options is to focus on specific types of trading products. Traders are able to view a range of specific product types, such as commodities, currencies, ETFs, indices and shares. The image below is an example list of Hot Products that are categorised as commodities.

Additionally, traders have the option to concentrate the list to specific product sub-types. These include options like Agriculture, Automobile, Developed Markets, Emerging Markets, Information Technology and Precious Metals. This example shows a list of Hot Products using the sub-type of Agriculture.

In order to view the instruments' actual price as well as the percentage change, you may need to activate your market data subscription. Please note that market data is only available to view with a live account, which includes a small fee. Visit our trading costs page for more information.

Products by region and country

CMC Markets traders can also filter Hot Products by which region they are listed. The filters can also be used to view the products by country. The below image exhibits a user focusing on hot products within the United States. They are arranged by a significant or sudden change price action, which makes these products ‘hot’ to trade.

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Combining filters

Dependant on the trader’s preferences, the Hot Products list can be focused even further by combining filters. The image below is an example of a list of hot products that are specifically ETFs within the United States. This is especially useful for users who prefer to trade a specific asset class within a certain region, depending on their portfolio.

Another feature of the Hot Products tool is the ability to save it as a permanent watchlist. Users can avoid re-setting the filters by simply selecting the ‘Save as Watchlist’ icon. Therefore, the list can be saved and users can view the updated list as per their filtering, at any time. With this feature, traders can save time and get faster real-time access to the desired product. Learn more about creating your own watchlist.

Summary

Start using our Hot Products tool to get the most out of your daily trading opportunities. It is an exclusive tool that enables CMC traders to view a list of the ‘hottest’ products, updated on an hourly basis. The list consists of the products whose recent trade volume has increased significantly in comparison to the monthly average. Where there are fluctuating price movements, guaranteed stop-loss orders (GSLOs) are an effective way of safe-guarding your trades against volatility, so traders should learn more about execution and order types before placing a possibly risky trade. You can also take advantage of our other platform features, such as Popular Products, Price Movers, Biggest Risers and Biggest Fallers. In particular, swing traders can use the Price Movers feature as it focuses more on medium-term swings rather than quick price action, which is the focus of our Hot Products tool.

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FAQs:

How can I view the hottest stocks to trade on?

On our trading platform, select ‘Shares’ in the ‘Type’ menu of the Hot Product feature and see the stocks that have the most volatile price movement in the last 60 minutes. The change % is shown in the Change column while the actual prices is visible with a Market data fee or for free.

How can I view the best stocks to day trade on?

The trading platform’s Hot Products feature lists the stocks that have seen the most volatile price movement in the last 60 minutes. This list is very useful for day traders to analyse and provides insightful research when making calculated decisions of which stocks to trade with.

How can I see what the most volatile stocks are?

The Hot Products feature allows users to view financial instruments whose recent trade volume has fluctuated significantly versus the monthly average, in the last 60 minutes. View our list of the most volatile stocks listed on the FTSE 250 stock index.

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.