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Acrylic latex paint is the best option to use on your outdoor wrought iron fence, because it holds up well against the elements. Use a high-quality, exterior-grade paint specifically designed for use on metal. You can choose between spray paint or regular liquid paint. As for primer, it's best to use an oil-based and rust inhibiting option before painting your wrought iron fence.

For the longest-lasting exterior paint, consider acrylic or enamel (oil-based) paints. Acrylic paints, including acrylic latex and acrylic enamel, are known for withstanding harsh weather and sun exposure. Enamel-based paints are also one of the most durable options available. While latex paint is common, it typically has a shorter lifespan than acrylic or oil-based options. The paint's finish also affects its durability; a higher gloss finish is generally more durable. For resistance to moisture and cracking, matte and satin finishes can be effective, while a high-gloss acrylic or oil-based paint offers a combination of maximum longevity and durability.

The best finish for wrought iron railings is either a semi-gloss or a gloss sheen, as each offers good durability against rain, wind, heat, cold, and snow. 

A five-gallon bucket of deck stain will cover roughly 875 square feet in a single coat. Actual coverage will vary based on the type of wood you’re staining and the number of coats. If you plan on doing multiple coats, multiply the square footage by the number of coats to calculate how many buckets of stain you’ll need.