Making Money Online through Crude Oil Trading

Crude oil trading gives excellent opportunities for making some profit in nearly all market conditions.  And experienced crude oil traders take advantage of the political and economic volatility of energy sector to enjoy consistent return using short-term swing trades and long-term timing strategies. However, some inexperienced traders often fail to take full advantage of crude oil fluctuations, either because they have not learned the unique characteristics of crude market or because they are not aware of some hidden pitfalls that can lead to unexpected loses.

Rib Crop Cami Top $11.3

How to be a successful crude oil trader:

  • Focus on the oil market fundamentals and factors that drive supply, demand, and price action, as well as technical indicators presented in the charts.
  •  Study how supply and demand are affected by worldwide output and global economic prosperity. Excess supply and shrinking demand make traders sell crude oil to lower ground. Similarly, rising demand and declining or flat declining supply encourages traders to buy crude oil to higher ground.
  •  Understand the position of industrial players. The positions of industrial players to offset physical exposure and speculate on long-term and short-term direction of the crude market. On the other hand, retailer and ordinary traders have less influence.  Also, remember that news headline plays a very important role in crude oil volatility.
  • Understand the difference between West Texas Intermediate (WTI) Crude and Brent Crude. WTI originates in the U.S. Permian Basin and other local sources while Brent comes from other fields in the North Atlantic. The differences between the WTI and Brent crude are the sulphur content and API gravity and the crude with lower API is known as light sweet crude oil. 

Platforms for crude oil trading:

Some online platforms have made crude oil trading very easy and profitable. One of the outstanding platforms for inexperience traders is Fortrade platform. This is due to the excellent customer experience it provides. Fortrade provides excellent customer experience, trains new customers and the minimum deposit is quite reasonable.

Source: Investopedia


Tags: , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: