Crude oil trading profit
Unveiling the World of Crude Oil-And how we traded and profited
Introduction:
Crude oil trading profit and what is this.
Crude oil, often referred to as black gold, is a cornerstone of the global economy, playing a pivotal role in various industries.
It serves as a vital energy source and a raw material for numerous products.
Trading crude oil has become a significant aspect of the financial markets, providing opportunities for investors and traders alike.
In this article, we will explore what crude oil is and how you can trade it using the MetaTrader 5\4 (MT5\4) platform.
Understanding Crude Oil:
Crude oil is a fossil fuel formed from the remains of ancient marine organisms. It consists mainly of hydrocarbons, with different types of crude oil having varying compositions and properties.
Types of Crude Oil:
Brent Crude and West Texas Intermediate (WTI) are two of the most widely traded types of crude oil. Brent is extracted from the North Sea, while WTI is sourced from the United States.
Global Importance:
Crude oil is a primary energy source for transportation, manufacturing, and electricity generation.
It influences the global economy and geopolitical dynamics due to its role as a strategic resource.
How we profited in crude oil trading with little risk and big profit with support and resistance.
Here we found support that was there a few days ago and was previously resistance. We entered into a buy deal and put a short put.
We took a reasonable destination and left.This is one of the very profitable.
A good strategy for several reasons
1-Where the buyers don’t let the price drop, then this is the place I would like to buy.
2- The risk is small compared to the profit.
3-Sometimes the target is 10 times or more than the stuff we put.
Trading practices of crude oil traders:
There are traders who take twice as much profit as they risked and continue with the transaction, such as if there was a $100 risk from entering the transaction until the stop, then when the $300 profit is reached, they take $200 into the account and let the rest of the transaction continue.
Sometimes it is very successful and you earn much more than $200 in the small part that continues to run.
Another trading method
There are also traders who work with the method of as soon as the margin is $300, they take $100 and put the stop at the entrance so that if it goes down again, there will be no loss and there will be a margin of $100.
Remember trading is dangerous for those who have not studied, therefore it is important to study well and not to trade with real money.
Good luck with your studies, friends.
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